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MAHAMAYA STEEL INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of MAHAMAYA STEEL INDUSTRIES is 38.69.

Share Price ₹105.0Apr 22,2024
Market Cap ₹172.2 Cr
Earnings-TTM₹4.5 CrTTM-Consolidated Results
Price/Earnings38.69xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MAHAMAYA STEEL INDUSTRIES

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 MAHAMAYA STEEL INDUSTRIES is calculated as :

Current Market Cap [ ₹172.2 Cr] as on Apr 22,2024

(/) Earnings [ ₹4.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 38.69x ]

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

Thus, for MAHAMAYA STEEL INDUSTRIES , the investors are currently willing to pay 38.69 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 MAHAMAYA STEEL INDUSTRIES !

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 MAHAMAYA STEEL INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of MAHAMAYA STEEL INDUSTRIES


PE Ratio Performance Analysis for MAHAMAYA STEEL INDUSTRIES

- MAHAMAYA STEEL INDUSTRIES 's latest p/e ratio is 38.69x.

- MAHAMAYA STEEL INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 46.56x.

- MAHAMAYA STEEL INDUSTRIES 's operated at median p/e ratio of 38.63x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAHAMAYA STEEL INDUSTRIES 's p/e ratio peaked in Mar2021 at 116.52x.

- MAHAMAYA STEEL INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 14.66x.


How does MAHAMAYA STEEL INDUSTRIES '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
MAHAMAYA STEEL INDUSTRIES 4.4538.69172.2
JSW STEEL LTD11,474.0018.22209,111.0
TATA STEEL LTD-3,899.20-51.82202,045.0
JINDAL STAINLESS LTD2,816.4120.8258,628.5
STEEL AUTHORITY OF INDIA LTD2,533.0124.1861,255.7
APL APOLLO TUBES LTD763.8256.2842,989.9
MOTHERSON SUMI WIRING INDIA LTD585.3452.5230,744.4
RATNAMANI METALS & TUBES LTD624.5632.4720,282.2
SHYAM METALICS AND ENERGY LTD1,101.7315.4116,978.2
WELSPUN CORP LTD894.1616.1114,402.2
JINDAL SAW LTD1,406.6011.1815,730.3

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs MAHAMAYA STEEL INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.82x
Max industry PE 56.28x
Median industry PE 20.82x
Average industry PE 21.28x



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