INCREDIBLE INDUSTRIES
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The Current P/E Ratio of INCREDIBLE INDUSTRIES is 14.43.
| Share Price | ₹35.5 | Jun 09,2026 |
| Market Cap | ₹166.1 Cr | |
| Earnings-TTM | ₹11.5 Cr | TTM-Standalone Results |
| Price/Earnings | 14.43x | 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 [ ₹166.1 Cr] as on Jun 09,2026
(/) Earnings [ ₹11.5 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 14.43x ]
Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay 14.43 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 | 11.51 | 14.43 | 166.1 |
| JSW STEEL LTD | 25,983.00 | 11.87 | 308,347.0 |
| TATA STEEL LTD | 10,517.30 | 24.11 | 253,539.0 |
| STEEL AUTHORITY OF INDIA LTD | 2,947.41 | 26.05 | 76,786.5 |
| JINDAL STAINLESS LTD | 3,167.84 | 17.33 | 54,906.3 |
| APL APOLLO TUBES LTD | 1,203.10 | 41.54 | 49,982.7 |
| WELSPUN CORP LTD | 1,278.15 | 29.16 | 37,273.6 |
| SHYAM METALICS AND ENERGY LTD | 1,060.07 | 25.58 | 27,112.1 |
| GODAWARI POWER AND ISPAT LTD | 795.55 | 23.24 | 18,490.0 |
| SARDA ENERGY & MINERALS LTD | 1,063.31 | 17.65 | 18,767.8 |
| RATNAMANI METALS & TUBES LTD | 534.47 | 33.63 | 17,973.7 |
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 | 11.87x |
| Max industry PE | 41.54x |
| Median industry PE | 24.11x |
| Average industry PE | 24.05x |
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