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JINDAL STEEL & POWER
PE (Price/Earnings) Ratio

The Current P/E Ratio of JINDAL STEEL & POWER is 17.36.

Share Price ₹932.0Apr 26,2024
Market Cap ₹95,068.2 Cr
Earnings-TTM₹5,475.9 CrTTM-Consolidated Results
Price/Earnings17.36xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STEEL & POWER

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 STEEL & POWER is calculated as :

Current Market Cap [ ₹95,068.2 Cr] as on Apr 26,2024

(/) Earnings [ ₹5,475.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.36x ]

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

Thus, for JINDAL STEEL & POWER , the investors are currently willing to pay 17.36 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 latest p/e ratio is 17.36x.

- 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 RatioMarket Cap
JINDAL STEEL & POWER 5,475.8817.3695,068.2
LLOYDS METALS & ENERGY LTD1,235.0529.7136,689.0
JAI BALAJI INDUSTRIES LTD879.5721.3618,791.1
STEEL EXCHANGE INDIA LTD-51.47-32.831,689.9
SURAJ PRODUCTS LTD30.7124.85763.3
SAL STEEL LTD-2.36-70.21165.7
KIC METALIKS LTD5.7334.06195.3
BIHAR SPONGE IRON LTD7.2618.27132.6
VASWANI INDUSTRIES LTD7.0815.55110.1

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs JINDAL STEEL & POWER 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -70.21x
Max industry PE 34.06x
Median industry PE 18.27x
Average industry PE 6.46x



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