GOODLUCK INDIA
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The Current P/E Ratio of GOODLUCK INDIA is 23.78.
Share Price | ₹919.7 | Apr 18,2024 |
Market Cap | ₹2,924.6 Cr | |
Earnings-TTM | ₹123.0 Cr | TTM-Consolidated Results |
Price/Earnings | 23.78x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of GOODLUCK INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,924.6 Cr] as on Apr 18,2024
(/) Earnings [ ₹123.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.78x ]
Thus, for GOODLUCK INDIA , the investors are currently willing to pay 23.78 times earnings to own 1 share of the company.
PE Multiples are the most widely used valuation multiple in practice.
Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.
In such cases, you may consider using Price to Book ratio or Price to Sales ratio of GOODLUCK INDIA !
P/E ratios, also, would not adjust for differences in the capital structure between companies.
The chart below summarizes the trend in P/E Ratio of GOODLUCK INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of GOODLUCK INDIA
PE Ratio Performance Analysis for GOODLUCK INDIA
- GOODLUCK INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.94x.
- GOODLUCK INDIA 's operated at median p/e ratio of 5.42x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, GOODLUCK INDIA 's p/e ratio peaked in Mar2023 at 13.22x.
- GOODLUCK INDIA 's p/e ratio hit its five-year low in Mar2020 of 1.72x.
How does GOODLUCK INDIA 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
GOODLUCK INDIA | 123.01 | 23.78 | 2,924.6 |
JSW STEEL LTD | 11,474.00 | 17.99 | 206,457.0 |
TATA STEEL LTD | -3,899.20 | -51.22 | 199,735.0 |
JINDAL STAINLESS LTD | 2,816.41 | 19.69 | 55,462.4 |
STEEL AUTHORITY OF INDIA LTD | 2,533.01 | 23.62 | 59,830.7 |
APL APOLLO TUBES LTD | 763.82 | 55.66 | 42,516.8 |
MOTHERSON SUMI WIRING INDIA LTD | 585.34 | 52.92 | 30,978.7 |
RATNAMANI METALS & TUBES LTD | 624.56 | 33.37 | 20,842.9 |
SHYAM METALICS AND ENERGY LTD | 1,101.73 | 15.26 | 16,812.1 |
WELSPUN CORP LTD | 894.16 | 15.78 | 14,106.5 |
JINDAL SAW LTD | 1,406.60 | 11.00 | 15,471.3 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs GOODLUCK INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -51.22x |
Max industry PE | 55.66x |
Median industry PE | 19.69x |
Average industry PE | 19.81x |
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