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INDEF MANUFACTURING
PE (Price/Earnings) Ratio

The Current P/E Ratio of INDEF MANUFACTURING is 35.42.

Share Price ₹259.0Jun 25,2026
Market Cap ₹828.6 Cr
Earnings-TTM₹23.4 CrTTM-Consolidated Results
Price/Earnings35.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INDEF MANUFACTURING

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 INDEF MANUFACTURING is calculated as :

Current Market Cap [ ₹828.6 Cr] as on Jun 25,2026

(/) Earnings [ ₹23.4 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 35.42x ]

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

Thus, for INDEF MANUFACTURING , the investors are currently willing to pay 35.42 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 INDEF MANUFACTURING !

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 INDEF MANUFACTURING over the last five years.

Historical PE (Price/Earnings) ratio chart of INDEF MANUFACTURING


PE Ratio Performance Analysis for INDEF MANUFACTURING

- INDEF MANUFACTURING 's latest p/e ratio is 35.42x.

- INDEF MANUFACTURING 's p/e ratio for fiscal years ending Mar2025 to Mar2025 averaged 24.36x.

- INDEF MANUFACTURING 's operated at median p/e ratio of 24.36x from fiscal years ending March 2018 to 2022.

- Looking back at the last 1 fiscal years, INDEF MANUFACTURING 's p/e ratio peaked in Mar2025 at 24.36x.

- INDEF MANUFACTURING 's p/e ratio hit its five-year low in Mar2025 of 24.36x.


How does INDEF MANUFACTURING '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
INDEF MANUFACTURING 23.3935.42828.6
BHARAT HEAVY ELECTRICALS LTD1,539.2191.03140,118.0
THERMAX LTD720.6779.7457,469.7
KIRLOSKAR OIL ENGINES LTD557.7264.7636,116.7
TRIVENI TURBINE LTD350.7060.6821,281.5
JYOTI CNC AUTOMATION LTD336.0051.4617,291.0
INOX INDIA LTD257.8965.9917,018.6
AZAD ENGINEERING LTD133.5697.6713,045.2
TEGA INDUSTRIES LTD136.5895.1712,998.6
ELECON ENGINEERING COMPANY LTD340.5434.3811,706.9
KRN HEAT EXCHANGER AND REFRIGERATION LTD76.47101.497,760.4

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs INDEF MANUFACTURING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 34.38x
Max industry PE 101.49x
Median industry PE 65.99x
Average industry PE 70.71x



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