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MANAKSIA STEELS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MANAKSIA STEELS is 13.00.

Share Price ₹59.8Apr 18,2024
Market Cap ₹391.4 Cr
Earnings-TTM₹30.1 CrTTM-Consolidated Results
Price/Earnings13.00xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MANAKSIA STEELS

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 MANAKSIA STEELS is calculated as :

Current Market Cap [ ₹391.4 Cr] as on Apr 18,2024

(/) Earnings [ ₹30.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 13.00x ]

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

Thus, for MANAKSIA STEELS , the investors are currently willing to pay 13.00 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 MANAKSIA STEELS !

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 MANAKSIA STEELS over the last five years.

Historical PE (Price/Earnings) ratio chart of MANAKSIA STEELS


PE Ratio Performance Analysis for MANAKSIA STEELS

- MANAKSIA STEELS 's latest p/e ratio is 13.00x.

- MANAKSIA STEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.88x.

- MANAKSIA STEELS 's operated at median p/e ratio of 8.03x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MANAKSIA STEELS 's p/e ratio peaked in Mar2023 at 18.84x.

- MANAKSIA STEELS 's p/e ratio hit its five-year low in Mar2020 of 4.99x.


How does MANAKSIA STEELS '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
MANAKSIA STEELS 30.1013.00391.4
JSW STEEL LTD11,474.0017.99206,457.0
TATA STEEL LTD-3,899.20-51.22199,735.0
JINDAL STAINLESS LTD2,816.4119.6955,462.4
STEEL AUTHORITY OF INDIA LTD2,533.0123.6259,830.7
APL APOLLO TUBES LTD763.8255.6642,516.8
MOTHERSON SUMI WIRING INDIA LTD585.3452.9230,978.7
RATNAMANI METALS & TUBES LTD624.5633.3720,842.9
SHYAM METALICS AND ENERGY LTD1,101.7315.2616,812.1
WELSPUN CORP LTD894.1615.7814,106.5
JINDAL SAW LTD1,406.6011.0015,471.3

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

Top 10 Industry PeersPE Ratio
Min industry PE -51.22x
Max industry PE 55.66x
Median industry PE 17.99x
Average industry PE 18.83x



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