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INCREDIBLE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of INCREDIBLE INDUSTRIES is 13.31.

Share Price ₹40.0Dec 09,2025
Market Cap ₹187.2 Cr
Earnings-TTM₹14.1 CrTTM-Standalone Results
Price/Earnings13.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INCREDIBLE INDUSTRIES

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 INCREDIBLE INDUSTRIES is calculated as :

Current Market Cap [ ₹187.2 Cr] as on Dec 09,2025

(/) Earnings [ ₹14.1 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 13.31x ]

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

Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay 13.31 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 INCREDIBLE INDUSTRIES !

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 INCREDIBLE INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of INCREDIBLE INDUSTRIES


PE Ratio Performance Analysis for INCREDIBLE INDUSTRIES

- INCREDIBLE INDUSTRIES 's latest p/e ratio is 13.31x.

- INCREDIBLE INDUSTRIES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 22.23x.

- INCREDIBLE INDUSTRIES 's operated at median p/e ratio of 24.95x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INCREDIBLE INDUSTRIES 's p/e ratio peaked in Mar2022 at 27.58x.

- INCREDIBLE INDUSTRIES 's p/e ratio hit its five-year low in Mar2025 of 13.45x.


How does INCREDIBLE INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INCREDIBLE INDUSTRIES 14.0713.31187.2
JSW STEEL LTD6,500.0041.62270,553.0
TATA STEEL LTD6,432.5731.17200,484.0
JINDAL STAINLESS LTD2,836.7522.4863,777.1
STEEL AUTHORITY OF INDIA LTD2,159.9924.7053,345.7
APL APOLLO TUBES LTD1,048.7946.0548,294.8
MOTHERSON SUMI WIRING INDIA LTD613.3548.4829,736.4
SHYAM METALICS AND ENERGY LTD968.5123.5322,786.9
WELSPUN CORP LTD1,523.9113.9721,286.6
RATNAMANI METALS & TUBES LTD619.5227.3116,921.6
SARDA ENERGY & MINERALS LTD1,021.0016.5816,930.2

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs INCREDIBLE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 13.31x
Max industry PE 48.48x
Median industry PE 24.70x
Average industry PE 28.11x



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