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ISMT
PE (Price/Earnings) Ratio

The Current P/E Ratio of ISMT is 16.08.

Share Price ₹86.9Mar 28,2024
Market Cap ₹2,612.2 Cr
Earnings-TTM₹162.5 CrTTM-Consolidated Results
Price/Earnings16.08xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ISMT

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 ISMT is calculated as :

Current Market Cap [ ₹2,612.2 Cr] as on Mar 28,2024

(/) Earnings [ ₹162.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 16.08x ]

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

Thus, for ISMT , the investors are currently willing to pay 16.08 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 ISMT !

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 ISMT over the last five years.

Historical PE (Price/Earnings) ratio chart of ISMT


PE Ratio Performance Analysis for ISMT

- ISMT 's latest p/e ratio is 16.08x.

- ISMT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.15x.

- ISMT 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ISMT 's p/e ratio peaked in Mar2023 at 25.13x.

- ISMT 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does ISMT 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ISMT 162.4916.082,612.2
JSW STEEL LTD11,474.0017.72203,303.0
TATA STEEL LTD-3,899.20-49.91194,617.0
JINDAL STAINLESS LTD2,816.4120.3057,183.4
STEEL AUTHORITY OF INDIA LTD2,533.0121.8855,411.0
APL APOLLO TUBES LTD763.8254.3341,495.5
MOTHERSON SUMI WIRING INDIA LTD585.3449.8329,166.1
RATNAMANI METALS & TUBES LTD624.5631.3019,545.9
SHYAM METALICS AND ENERGY LTD1,101.7314.9716,489.7
WELSPUN CORP LTD894.1615.1013,500.7
JINDAL SAW LTD1,406.609.8213,816.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs ISMT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -49.91x
Max industry PE 54.33x
Median industry PE 17.72x
Average industry PE 18.31x



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