Home > PE Ratio > MARINE ELECTRICALS (INDIA)

MARINE ELECTRICALS (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of MARINE ELECTRICALS (INDIA) is 68.10.

Share Price ₹90.2Mar 28,2024
Market Cap ₹1,197.0 Cr
Earnings-TTM₹17.6 CrTTM-Consolidated Results
Price/Earnings68.10xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for MARINE ELECTRICALS (INDIA)
Please provide your vote to see the results

Definition & Calculation of PE (Price/Earnings) ratio of MARINE ELECTRICALS (INDIA)

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 MARINE ELECTRICALS (INDIA) is calculated as :

Current Market Cap [ ₹1,197.0 Cr] as on Mar 28,2024

(/) Earnings [ ₹17.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 68.10x ]

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

Thus, for MARINE ELECTRICALS (INDIA) , the investors are currently willing to pay 68.10 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 MARINE ELECTRICALS (INDIA) !

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 MARINE ELECTRICALS (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of MARINE ELECTRICALS (INDIA)


PE Ratio Performance Analysis for MARINE ELECTRICALS (INDIA)

- MARINE ELECTRICALS (INDIA) 's latest p/e ratio is 68.10x.

- MARINE ELECTRICALS (INDIA) 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 26.38x.

- MARINE ELECTRICALS (INDIA) 's operated at median p/e ratio of 26.64x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MARINE ELECTRICALS (INDIA) 's p/e ratio peaked in Mar2021 at 62.58x.

- MARINE ELECTRICALS (INDIA) 's p/e ratio hit its five-year low in Mar2019 of 5.64x.


How does MARINE ELECTRICALS (INDIA) 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MARINE ELECTRICALS (INDIA) 17.5868.101,197.0
BHARAT ELECTRONICS LTD3,523.8341.79147,255.0
BHARAT HEAVY ELECTRICALS LTD-183.06-470.2186,076.6
THERMAX LTD612.4781.6249,992.0
TRIVENI TURBINE LTD249.2668.4817,068.4
KIRLOSKAR OIL ENGINES LTD370.4133.6212,454.6
ELECON ENGINEERING COMPANY LTD314.3233.9110,657.3
PRAJ INDUSTRIES LTD279.5735.029,791.7
SHRIRAM PISTONS & RINGS LTD413.6020.888,636.6
KIRLOSKAR BROTHERS LTD287.6030.508,772.7
TEGA INDUSTRIES LTD177.4546.608,268.7

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs MARINE ELECTRICALS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -470.21x
Max industry PE 81.62x
Median industry PE 35.02x
Average industry PE -0.88x



You may also like the below Video Courses