JINDAL STEEL & POWER
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The Current P/E Ratio of JINDAL STEEL & POWER is 17.33.
Share Price | ₹930.4 | May 10,2024 |
Market Cap | ₹94,905.0 Cr | |
Earnings-TTM | ₹5,475.9 Cr | TTM-Consolidated Results |
Price/Earnings | 17.33x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STEEL & POWER
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹94,905.0 Cr] as on May 10,2024
(/) Earnings [ ₹5,475.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.33x ]
Thus, for JINDAL STEEL & POWER , the investors are currently willing to pay 17.33 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 STEEL & POWER !
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 STEEL & POWER over the last five years.
Historical PE (Price/Earnings) ratio chart of JINDAL STEEL & POWER
PE Ratio Performance Analysis for JINDAL STEEL & POWER
- JINDAL STEEL & POWER 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.45x.
- JINDAL STEEL & POWER 's operated at median p/e ratio of 8.64x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, JINDAL STEEL & POWER 's p/e ratio peaked in Mar2023 at 13.96x.
- JINDAL STEEL & POWER 's p/e ratio hit its five-year low in Mar2020 of 0x.
How does JINDAL STEEL & POWER 's P/E Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?
Peer Comparison (Steel/Sponge Iron/Pig Iron Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
JINDAL STEEL & POWER | 5,475.88 | 17.33 | 94,905.0 |
LLOYDS METALS & ENERGY LTD | 1,242.92 | 27.70 | 34,428.0 |
JAI BALAJI INDUSTRIES LTD | 879.57 | 17.38 | 15,288.6 |
STEEL EXCHANGE INDIA LTD | 10.89 | 145.11 | 1,579.7 |
SURAJ PRODUCTS LTD | 30.71 | 25.70 | 789.2 |
SAL STEEL LTD | -2.36 | -67.07 | 158.3 |
KIC METALIKS LTD | 5.73 | 32.14 | 184.3 |
BIHAR SPONGE IRON LTD | 7.26 | 15.83 | 114.9 |
VASWANI INDUSTRIES LTD | 7.08 | 13.80 | 97.7 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs JINDAL STEEL & POWER 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -67.07x |
Max industry PE | 145.11x |
Median industry PE | 17.38x |
Average industry PE | 25.32x |
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