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

The Current P/E Ratio of MARINE ELECTRICALS (INDIA) is 60.65.

Share Price ₹232.4May 21,2026
Market Cap ₹3,250.9 Cr
Earnings-TTM₹53.6 CrTTM-Consolidated Results
Price/Earnings60.65xCalculated as Market Cap/Earnings
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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 [ ₹3,250.9 Cr] as on May 21,2026

(/) Earnings [ ₹53.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 60.65x ]

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 60.65 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 60.65x.

- MARINE ELECTRICALS (INDIA) 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 44.19x.

- MARINE ELECTRICALS (INDIA) 's operated at median p/e ratio of 46.2x 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 Mar2023 of 26.64x.


How does MARINE ELECTRICALS (INDIA) 's P/E Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MARINE ELECTRICALS (INDIA) 53.6060.653,250.9
HITACHI ENERGY INDIA LTD841.27193.09162,437.0
ABB INDIA LTD1,642.4285.16139,863.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,196.73113.85136,242.0
SIEMENS LTD1,487.2089.20132,651.0
GE VERNOVA T&D INDIA LTD1,233.2599.53122,742.0
WAAREE ENERGIES LTD3,884.1522.6487,922.1
HAVELLS INDIA LTD1,659.4745.7275,876.1
SUZLON ENERGY LTD3,230.0222.4672,541.5
APAR INDUSTRIES LTD973.6053.0551,645.8
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD245.20129.1431,665.7

Electric Equipment Industry Benchmark (Top 10) PE Analysis vs MARINE ELECTRICALS (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 22.46x
Max industry PE 193.09x
Median industry PE 85.16x
Average industry PE 83.13x



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