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HARSHA ENGINEERS INTERNATIONAL
PE (Price/Earnings) Ratio

The Current P/E Ratio of HARSHA ENGINEERS INTERNATIONAL is 41.98.

Share Price ₹420.7Sep 23,2025
Market Cap ₹3,827.9 Cr
Earnings-TTM₹91.2 CrTTM-Consolidated Results
Price/Earnings41.98xCalculated 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 [ ₹3,827.9 Cr] as on Sep 23,2025

(/) Earnings [ ₹91.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 41.98x ]

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 41.98 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 41.98x.

- HARSHA ENGINEERS INTERNATIONAL 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 19.12x.

- HARSHA ENGINEERS INTERNATIONAL 's operated at median p/e ratio of 24.75x 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 Mar2025 at 38.1x.

- 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 91.1941.983,827.9
BHARAT HEAVY ELECTRICALS LTD231.33359.5383,169.1
THERMAX LTD668.7359.8540,020.4
JYOTI CNC AUTOMATION LTD336.5161.8620,817.2
TRIVENI TURBINE LTD342.6049.1616,842.9
KIRLOSKAR BROTHERS LTD403.1039.1615,784.5
ELECON ENGINEERING COMPANY LTD510.9026.5813,577.3
PRAJ INDUSTRIES LTD140.0949.896,989.5
KIRLOSKAR OIL ENGINES LTD453.5130.5813,868.9
TEGA INDUSTRIES LTD194.0865.7212,754.5
SHRIRAM PISTONS & RINGS LTD533.3021.5011,463.3

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 21.50x
Max industry PE 359.53x
Median industry PE 49.16x
Average industry PE 73.25x



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