JINDAL STAINLESS
|
The Current P/E Ratio of JINDAL STAINLESS is 20.28.
Share Price | ₹693.6 | May 08,2024 |
Market Cap | ₹57,106.9 Cr | |
Earnings-TTM | ₹2,816.4 Cr | TTM-Consolidated Results |
Price/Earnings | 20.28x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STAINLESS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹57,106.9 Cr] as on May 08,2024
(/) Earnings [ ₹2,816.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 20.28x ]
Thus, for JINDAL STAINLESS , the investors are currently willing to pay 20.28 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 JINDAL STAINLESS !
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 JINDAL STAINLESS over the last five years.
Historical PE (Price/Earnings) ratio chart of JINDAL STAINLESS
PE Ratio Performance Analysis for JINDAL STAINLESS
- JINDAL STAINLESS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.53x.
- JINDAL STAINLESS 's operated at median p/e ratio of 11.28x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JINDAL STAINLESS 's p/e ratio peaked in Mar2020 at 16.4x.
- JINDAL STAINLESS 's p/e ratio hit its five-year low in Mar2022 of 3.46x.
How does JINDAL STAINLESS 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
JINDAL STAINLESS | 2,816.41 | 20.28 | 57,106.9 |
JSW STEEL LTD | 11,474.00 | 18.43 | 211,507.0 |
TATA STEEL LTD | -3,899.20 | -53.16 | 207,288.0 |
STEEL AUTHORITY OF INDIA LTD | 2,533.01 | 26.20 | 66,356.9 |
APL APOLLO TUBES LTD | 763.82 | 56.99 | 43,526.9 |
MOTHERSON SUMI WIRING INDIA LTD | 585.34 | 52.11 | 30,501.2 |
RATNAMANI METALS & TUBES LTD | 624.56 | 35.35 | 22,075.5 |
SHYAM METALICS AND ENERGY LTD | 1,101.73 | 15.01 | 16,538.6 |
WELSPUN CORP LTD | 894.16 | 17.29 | 15,460.6 |
JINDAL SAW LTD | 1,406.60 | 12.09 | 17,001.3 |
MAHARASHTRA SEAMLESS LTD | 1,131.49 | 9.77 | 11,051.6 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs JINDAL STAINLESS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -53.16x |
Max industry PE | 56.99x |
Median industry PE | 18.43x |
Average industry PE | 19.12x |
You may also like the below Video Courses