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MAHARASHTRA SEAMLESS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MAHARASHTRA SEAMLESS is 10.02.

Share Price ₹846.0Mar 28,2024
Market Cap ₹11,335.7 Cr
Earnings-TTM₹1,131.5 CrTTM-Consolidated Results
Price/Earnings10.02xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MAHARASHTRA SEAMLESS

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 MAHARASHTRA SEAMLESS is calculated as :

Current Market Cap [ ₹11,335.7 Cr] as on Mar 28,2024

(/) Earnings [ ₹1,131.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 10.02x ]

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

Thus, for MAHARASHTRA SEAMLESS , the investors are currently willing to pay 10.02 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 MAHARASHTRA SEAMLESS !

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 MAHARASHTRA SEAMLESS over the last five years.

Historical PE (Price/Earnings) ratio chart of MAHARASHTRA SEAMLESS


PE Ratio Performance Analysis for MAHARASHTRA SEAMLESS

- MAHARASHTRA SEAMLESS 's latest p/e ratio is 10.02x.

- MAHARASHTRA SEAMLESS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.64x.

- MAHARASHTRA SEAMLESS 's operated at median p/e ratio of 7.11x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MAHARASHTRA SEAMLESS 's p/e ratio peaked in Mar2021 at 9.42x.

- MAHARASHTRA SEAMLESS 's p/e ratio hit its five-year low in Mar2022 of 2.67x.


How does MAHARASHTRA SEAMLESS '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
MAHARASHTRA SEAMLESS 1,131.4910.0211,335.7
JSW STEEL LTD11,474.0017.72203,303.0
TATA STEEL LTD-3,899.20-49.91194,617.0
JINDAL STAINLESS LTD2,816.4120.3057,183.4
STEEL AUTHORITY OF INDIA LTD2,533.0121.8855,411.0
APL APOLLO TUBES LTD763.8254.3341,495.5
MOTHERSON SUMI WIRING INDIA LTD585.3449.8329,166.1
RATNAMANI METALS & TUBES LTD624.5631.3019,545.9
SHYAM METALICS AND ENERGY LTD1,101.7314.9716,489.7
WELSPUN CORP LTD894.1615.1013,500.7
JINDAL SAW LTD1,406.609.8213,816.6

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

Top 10 Industry PeersPE Ratio
Min industry PE -49.91x
Max industry PE 54.33x
Median industry PE 17.72x
Average industry PE 17.76x



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