INCREDIBLE INDUSTRIES
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The Current P/E Ratio of INCREDIBLE INDUSTRIES is 12.98.
| Share Price | ₹35.6 | Apr 13,2026 |
| Market Cap | ₹166.6 Cr | |
| Earnings-TTM | ₹12.8 Cr | TTM-Standalone Results |
| Price/Earnings | 12.98x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of INCREDIBLE INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹166.6 Cr] as on Apr 13,2026
(/) Earnings [ ₹12.8 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 12.98x ]
Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay 12.98 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 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 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 Ratio | Market Cap |
|---|---|---|---|
| INCREDIBLE INDUSTRIES | 12.83 | 12.98 | 166.6 |
| JSW STEEL LTD | 8,314.00 | 35.41 | 294,433.0 |
| TATA STEEL LTD | 8,810.47 | 29.27 | 257,846.0 |
| JINDAL STAINLESS LTD | 2,990.49 | 21.09 | 63,080.5 |
| STEEL AUTHORITY OF INDIA LTD | 2,449.84 | 28.31 | 69,351.5 |
| APL APOLLO TUBES LTD | 1,141.86 | 48.11 | 54,934.7 |
| MOTHERSON SUMI WIRING INDIA LTD | 622.81 | 41.03 | 25,551.8 |
| SHYAM METALICS AND ENERGY LTD | 968.68 | 23.94 | 23,187.5 |
| WELSPUN CORP LTD | 1,661.27 | 15.99 | 26,562.4 |
| RATNAMANI METALS & TUBES LTD | 621.72 | 26.13 | 16,245.9 |
| SARDA ENERGY & MINERALS LTD | 1,016.68 | 20.08 | 20,418.7 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs INCREDIBLE INDUSTRIES 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 12.98x |
| Max industry PE | 48.11x |
| Median industry PE | 26.13x |
| Average industry PE | 27.49x |
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