Home > PE Ratio > JAYASWAL NECO INDUSTRIES

JAYASWAL NECO INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JAYASWAL NECO INDUSTRIES is 24.03.

Share Price ₹52.8Apr 24,2024
Market Cap ₹5,123.0 Cr
Earnings-TTM₹213.2 CrTTM-Standalone Results
Price/Earnings24.03xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for JAYASWAL NECO INDUSTRIES
Please provide your vote to see the results
JAYASWAL NECO INDUSTRIES is part of below Screeners ↓
Top Small Cap Stocks with Best Fundamentals

Definition & Calculation of PE (Price/Earnings) ratio of JAYASWAL NECO INDUSTRIES

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 JAYASWAL NECO INDUSTRIES is calculated as :

Current Market Cap [ ₹5,123.0 Cr] as on Apr 24,2024

(/) Earnings [ ₹213.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.03x ]

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

Thus, for JAYASWAL NECO INDUSTRIES , the investors are currently willing to pay 24.03 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 JAYASWAL NECO INDUSTRIES !

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 JAYASWAL NECO INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of JAYASWAL NECO INDUSTRIES


PE Ratio Performance Analysis for JAYASWAL NECO INDUSTRIES

- JAYASWAL NECO INDUSTRIES 's latest p/e ratio is 24.03x.

- JAYASWAL NECO INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.01x.

- JAYASWAL NECO INDUSTRIES '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, JAYASWAL NECO INDUSTRIES 's p/e ratio peaked in Mar2023 at 9.1x.

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


How does JAYASWAL NECO INDUSTRIES '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
JAYASWAL NECO INDUSTRIES 213.1524.035,123.0
JSW STEEL LTD11,474.0018.82215,934.0
TATA STEEL LTD-3,899.20-52.99206,601.0
JINDAL STAINLESS LTD2,816.4121.5760,748.9
STEEL AUTHORITY OF INDIA LTD2,533.0126.8668,029.8
APL APOLLO TUBES LTD763.8257.4643,889.1
MOTHERSON SUMI WIRING INDIA LTD585.3453.5831,363.3
RATNAMANI METALS & TUBES LTD624.5633.7721,094.2
SHYAM METALICS AND ENERGY LTD1,101.7316.5918,281.7
WELSPUN CORP LTD894.1616.7714,993.5
JINDAL SAW LTD1,406.6012.1317,063.7

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

Top 10 Industry PeersPE Ratio
Min industry PE -52.99x
Max industry PE 57.46x
Median industry PE 21.57x
Average industry PE 20.78x



You may also like the below Video Courses