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JINDAL STAINLESS
PE (Price/Earnings) Ratio

The Current P/E Ratio of JINDAL STAINLESS is 19.53.

Share Price ₹750.3May 15,2026
Market Cap ₹61,854.7 Cr
Earnings-TTM₹3,167.8 CrTTM-Consolidated Results
Price/Earnings19.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STAINLESS

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 JINDAL STAINLESS is calculated as :

Current Market Cap [ ₹61,854.7 Cr] as on May 15,2026

(/) Earnings [ ₹3,167.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.53x ]

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

Thus, for JINDAL STAINLESS , the investors are currently willing to pay 19.53 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 latest p/e ratio is 19.53x.

- JINDAL STAINLESS 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 12.56x.

- 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 Mar2024 at 21.08x.

- 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 RatioMarket Cap
JINDAL STAINLESS 3,167.8419.5361,854.7
JSW STEEL LTD25,983.0012.03312,639.0
TATA STEEL LTD10,517.3025.73270,641.0
STEEL AUTHORITY OF INDIA LTD2,947.4126.9679,450.6
APL APOLLO TUBES LTD1,203.1043.6352,495.5
MOTHERSON SUMI WIRING INDIA LTD625.1842.5426,593.0
SHYAM METALICS AND ENERGY LTD1,060.0723.1024,491.0
WELSPUN CORP LTD1,661.2720.7834,513.1
RATNAMANI METALS & TUBES LTD534.4735.3018,864.9
SARDA ENERGY & MINERALS LTD1,016.6818.8719,181.9
JINDAL SAW LTD906.0016.2014,673.5

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

Top 10 Industry PeersPE Ratio
Min industry PE 12.03x
Max industry PE 43.63x
Median industry PE 23.10x
Average industry PE 25.88x



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