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JK LAKSHMI CEMENT
PE (Price/Earnings) Ratio

The Current P/E Ratio of JK LAKSHMI CEMENT is 23.31.

Share Price ₹872.6Mar 28,2024
Market Cap ₹10,270.5 Cr
Earnings-TTM₹440.6 CrTTM-Consolidated Results
Price/Earnings23.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JK LAKSHMI CEMENT

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 JK LAKSHMI CEMENT is calculated as :

Current Market Cap [ ₹10,270.5 Cr] as on Mar 28,2024

(/) Earnings [ ₹440.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 23.31x ]

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

Thus, for JK LAKSHMI CEMENT , the investors are currently willing to pay 23.31 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 JK LAKSHMI CEMENT !

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 JK LAKSHMI CEMENT over the last five years.

Historical PE (Price/Earnings) ratio chart of JK LAKSHMI CEMENT


PE Ratio Performance Analysis for JK LAKSHMI CEMENT

- JK LAKSHMI CEMENT 's latest p/e ratio is 23.31x.

- JK LAKSHMI CEMENT 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 27.92x.

- JK LAKSHMI CEMENT 's operated at median p/e ratio of 12.56x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JK LAKSHMI CEMENT 's p/e ratio peaked in Mar2019 at 79.83x.

- JK LAKSHMI CEMENT 's p/e ratio hit its five-year low in Mar2020 of 9.28x.


How does JK LAKSHMI CEMENT 's P/E Ratio benchmark against top 10 peers in Cement & Construction Materials Industry?

Peer Comparison (Cement & Construction Materials Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JK LAKSHMI CEMENT 440.5923.3110,270.5
ULTRATECH CEMENT LTD6,401.0743.95281,332.0
AMBUJA CEMENTS LTD3,951.8034.05134,564.0
SHREE CEMENT LTD2,245.6241.3092,741.0
ACC LTD1,613.0329.0046,772.2
DALMIA BHARAT LTD613.0059.4236,425.5
JK CEMENT LTD685.5045.9531,501.1
THE RAMCO CEMENTS LTD414.3846.2319,157.4
NUVOCO VISTAS CORPORATION LTD248.0844.1310,946.8
STAR CEMENT LTD303.5630.129,144.6
PRISM JOHNSON LTD182.7949.188,990.0

Cement & Construction Materials Industry Benchmark (Top 10) PE Analysis vs JK LAKSHMI CEMENT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 23.31x
Max industry PE 59.42x
Median industry PE 43.95x
Average industry PE 40.60x



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