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INTERNATIONAL COMBUSTION (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of INTERNATIONAL COMBUSTION (INDIA) is 24.27.

Share Price ₹1,995.3May 21,2024
Market Cap ₹478.9 Cr
Earnings-TTM₹19.7 CrTTM-Standalone Results
Price/Earnings24.27xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INTERNATIONAL COMBUSTION (INDIA)

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 INTERNATIONAL COMBUSTION (INDIA) is calculated as :

Current Market Cap [ ₹478.9 Cr] as on May 21,2024

(/) Earnings [ ₹19.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.27x ]

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

Thus, for INTERNATIONAL COMBUSTION (INDIA) , the investors are currently willing to pay 24.27 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 INTERNATIONAL COMBUSTION (INDIA) !

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 INTERNATIONAL COMBUSTION (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of INTERNATIONAL COMBUSTION (INDIA)


PE Ratio Performance Analysis for INTERNATIONAL COMBUSTION (INDIA)

- INTERNATIONAL COMBUSTION (INDIA) 's latest p/e ratio is 24.27x.

- INTERNATIONAL COMBUSTION (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.42x.

- INTERNATIONAL COMBUSTION (INDIA) 's operated at median p/e ratio of 12.44x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INTERNATIONAL COMBUSTION (INDIA) 's p/e ratio peaked in Mar2022 at 17.74x.

- INTERNATIONAL COMBUSTION (INDIA) 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does INTERNATIONAL COMBUSTION (INDIA) '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
INTERNATIONAL COMBUSTION (INDIA) 19.7324.27478.9
BHARAT ELECTRONICS LTD3,943.1150.81200,361.0
BHARAT HEAVY ELECTRICALS LTD-305.14-364.25111,147.0
THERMAX LTD644.0192.5959,628.2
TRIVENI TURBINE LTD269.3169.9118,826.3
KIRLOSKAR OIL ENGINES LTD438.3744.9619,708.1
ELECON ENGINEERING COMPANY LTD349.1836.6912,809.9
PRAJ INDUSTRIES LTD279.5734.619,675.0
SHRIRAM PISTONS & RINGS LTD438.6820.769,108.4
KIRLOSKAR BROTHERS LTD339.6041.4914,088.7
TEGA INDUSTRIES LTD177.4557.4710,197.2

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs INTERNATIONAL COMBUSTION (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -364.25x
Max industry PE 92.59x
Median industry PE 41.49x
Average industry PE 9.94x



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