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

The Current P/E Ratio of INTERNATIONAL COMBUSTION (INDIA) is 22.96.

Share Price ₹903.3May 12,2025
Market Cap ₹216.8 Cr
Earnings-TTM₹9.4 CrTTM-Standalone Results
Price/Earnings22.96xCalculated 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 [ ₹216.8 Cr] as on May 12,2025

(/) Earnings [ ₹9.4 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 22.96x ]

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 22.96 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 22.96x.

- INTERNATIONAL COMBUSTION (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.23x.

- 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 Mar2024 at 20.95x.

- 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) 9.4422.96216.8
BHARAT HEAVY ELECTRICALS LTD456.39177.7381,114.7
THERMAX LTD626.9462.7439,331.1
JYOTI CNC AUTOMATION LTD306.6887.1926,739.3
TRIVENI TURBINE LTD358.5049.6517,799.5
KIRLOSKAR BROTHERS LTD422.4035.0914,820.5
ELECON ENGINEERING COMPANY LTD406.9735.5014,445.8
PRAJ INDUSTRIES LTD218.9339.838,719.2
KIRLOSKAR OIL ENGINES LTD494.9920.5310,164.6
TEGA INDUSTRIES LTD182.4148.508,846.6
SHRIRAM PISTONS & RINGS LTD515.5619.279,933.2

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 19.27x
Max industry PE 177.73x
Median industry PE 39.83x
Average industry PE 54.45x



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