INCREDIBLE INDUSTRIES
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The Current P/E Ratio of INCREDIBLE INDUSTRIES is 12.24.
| Share Price | ₹36.8 | Jan 22,2026 |
| Market Cap | ₹172.2 Cr | |
| Earnings-TTM | ₹14.1 Cr | TTM-Standalone Results |
| Price/Earnings | 12.24x | 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 [ ₹172.2 Cr] as on Jan 22,2026
(/) Earnings [ ₹14.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 12.24x ]
Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay 12.24 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 | 14.07 | 12.24 | 172.2 |
| JSW STEEL LTD | 6,500.00 | 44.58 | 289,762.0 |
| TATA STEEL LTD | 6,432.57 | 36.74 | 236,312.0 |
| JINDAL STAINLESS LTD | 2,990.49 | 20.87 | 62,400.3 |
| STEEL AUTHORITY OF INDIA LTD | 2,159.99 | 28.98 | 62,598.1 |
| APL APOLLO TUBES LTD | 1,141.86 | 47.96 | 54,762.3 |
| MOTHERSON SUMI WIRING INDIA LTD | 613.35 | 47.52 | 29,146.2 |
| SHYAM METALICS AND ENERGY LTD | 968.51 | 23.16 | 22,431.0 |
| WELSPUN CORP LTD | 1,523.91 | 13.12 | 19,991.4 |
| RATNAMANI METALS & TUBES LTD | 619.52 | 22.24 | 13,775.9 |
| SARDA ENERGY & MINERALS LTD | 1,021.00 | 16.16 | 16,496.7 |
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 | 12.24x |
| Max industry PE | 47.96x |
| Median industry PE | 23.16x |
| Average industry PE | 28.50x |
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