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GUJARAT MINERAL DEVELOPMENT CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of GUJARAT MINERAL DEVELOPMENT CORPORATION is 16.07.

Share Price ₹434.7Apr 26,2024
Market Cap ₹13,823.5 Cr
Earnings-TTM₹860.2 CrTTM-Consolidated Results
Price/Earnings16.07xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GUJARAT MINERAL DEVELOPMENT CORPORATION

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of GUJARAT MINERAL DEVELOPMENT CORPORATION is calculated as :

Current Market Cap [ ₹13,823.5 Cr] as on Apr 26,2024

(/) Earnings [ ₹860.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 16.07x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for GUJARAT MINERAL DEVELOPMENT CORPORATION , the investors are currently willing to pay 16.07 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 GUJARAT MINERAL DEVELOPMENT CORPORATION !

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 GUJARAT MINERAL DEVELOPMENT CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of GUJARAT MINERAL DEVELOPMENT CORPORATION


PE Ratio Performance Analysis for GUJARAT MINERAL DEVELOPMENT CORPORATION

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's latest p/e ratio is 16.07x.

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.09x.

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's operated at median p/e ratio of 6.82x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GUJARAT MINERAL DEVELOPMENT CORPORATION 's p/e ratio peaked in Mar2022 at 13.54x.

- GUJARAT MINERAL DEVELOPMENT CORPORATION 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does GUJARAT MINERAL DEVELOPMENT CORPORATION 's P/E Ratio benchmark against top 10 peers in Mining & Minerals Industry?

Peer Comparison (Mining & Minerals Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GUJARAT MINERAL DEVELOPMENT CORPORATION 860.2416.0713,823.5
COAL INDIA LTD28,952.109.70280,743.0
NMDC LTD6,433.4911.7475,551.0
KIOCL LTD41.81652.8827,297.1
SANDUR MANGANESE & IRON ORES LTD250.4533.978,507.6
MOIL LTD283.1430.048,504.7
ASHAPURA MINECHEM LTD200.9415.263,067.1
RAGHAV PRODUCTIVITY ENHANCERS LTD25.1856.651,426.3
20 MICRONS LTD51.7211.10574.1

Mining & Minerals Industry Benchmark (Top 10) PE Analysis vs GUJARAT MINERAL DEVELOPMENT CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.70x
Max industry PE 652.88x
Median industry PE 16.07x
Average industry PE 93.05x



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