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HARSHA ENGINEERS INTERNATIONAL
PE (Price/Earnings) Ratio

The Current P/E Ratio of HARSHA ENGINEERS INTERNATIONAL is 36.48.

Share Price ₹446.7May 18,2024
Market Cap ₹4,064.5 Cr
Earnings-TTM₹111.4 CrTTM-Consolidated Results
Price/Earnings36.48xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HARSHA ENGINEERS INTERNATIONAL

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 HARSHA ENGINEERS INTERNATIONAL is calculated as :

Current Market Cap [ ₹4,064.5 Cr] as on May 18,2024

(/) Earnings [ ₹111.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 36.48x ]

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

Thus, for HARSHA ENGINEERS INTERNATIONAL , the investors are currently willing to pay 36.48 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 HARSHA ENGINEERS INTERNATIONAL !

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 HARSHA ENGINEERS INTERNATIONAL over the last five years.

Historical PE (Price/Earnings) ratio chart of HARSHA ENGINEERS INTERNATIONAL


PE Ratio Performance Analysis for HARSHA ENGINEERS INTERNATIONAL

- HARSHA ENGINEERS INTERNATIONAL 's latest p/e ratio is 36.48x.

- HARSHA ENGINEERS INTERNATIONAL 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.95x.

- HARSHA ENGINEERS INTERNATIONAL 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HARSHA ENGINEERS INTERNATIONAL 's p/e ratio peaked in Mar2023 at 24.75x.

- HARSHA ENGINEERS INTERNATIONAL 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does HARSHA ENGINEERS INTERNATIONAL 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HARSHA ENGINEERS INTERNATIONAL 111.4336.484,064.5
BHARAT ELECTRONICS LTD3,523.8353.70189,214.0
BHARAT HEAVY ELECTRICALS LTD-183.06-589.76107,961.0
THERMAX LTD644.0192.1159,319.0
TRIVENI TURBINE LTD269.3175.3220,285.3
KIRLOSKAR OIL ENGINES LTD438.3742.6318,688.0
ELECON ENGINEERING COMPANY LTD349.1836.7512,831.8
PRAJ INDUSTRIES LTD279.5734.289,584.0
SHRIRAM PISTONS & RINGS LTD438.6820.769,108.4
KIRLOSKAR BROTHERS LTD339.6043.1314,645.4
TEGA INDUSTRIES LTD177.4558.4410,370.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs HARSHA ENGINEERS INTERNATIONAL 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -589.76x
Max industry PE 92.11x
Median industry PE 42.63x
Average industry PE -8.74x



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