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INVESTMENT & PRECISION CASTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of INVESTMENT & PRECISION CASTINGS is 30.32.

Share Price ₹605.5Apr 16,2024
Market Cap ₹302.7 Cr
Earnings-TTM₹10.0 CrTTM-Consolidated Results
Price/Earnings30.32xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INVESTMENT & PRECISION CASTINGS

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 INVESTMENT & PRECISION CASTINGS is calculated as :

Current Market Cap [ ₹302.7 Cr] as on Apr 16,2024

(/) Earnings [ ₹10.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 30.32x ]

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

Thus, for INVESTMENT & PRECISION CASTINGS , the investors are currently willing to pay 30.32 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 INVESTMENT & PRECISION CASTINGS !

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 INVESTMENT & PRECISION CASTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of INVESTMENT & PRECISION CASTINGS


PE Ratio Performance Analysis for INVESTMENT & PRECISION CASTINGS

- INVESTMENT & PRECISION CASTINGS 's latest p/e ratio is 30.32x.

- INVESTMENT & PRECISION CASTINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 235.92x.

- INVESTMENT & PRECISION CASTINGS 's operated at median p/e ratio of 26.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INVESTMENT & PRECISION CASTINGS 's p/e ratio peaked in Mar2022 at 922.98x.

- INVESTMENT & PRECISION CASTINGS 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does INVESTMENT & PRECISION CASTINGS 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INVESTMENT & PRECISION CASTINGS 9.9830.32302.7
AIA ENGINEERING LTD1,143.4231.4535,959.2
PTC INDUSTRIES LTD36.70290.8310,673.9
ELECTROSTEEL CASTINGS LTD602.5019.4411,714.6
KIRLOSKAR FERROUS INDUSTRIES LTD374.4922.648,477.7
ALICON CASTALLOY LTD50.4527.511,387.6
STEELCAST LTD75.8416.921,283.3
NELCAST LTD53.8324.541,321.1
UNI ABEX ALLOY PRODUCTS LTD38.6014.87574.1
SYNERGY GREEN INDUSTRIES LTD11.7441.57488.1
NITIN CASTINGS LTD10.5131.40329.9

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs INVESTMENT & PRECISION CASTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 14.87x
Max industry PE 290.83x
Median industry PE 27.51x
Average industry PE 50.14x



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