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MIC ELECTRONICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MIC ELECTRONICS is -122.99.

Share Price ₹40.2Nov 08,2026
Market Cap ₹1,197.3 Cr
Earnings-TTM₹-9.7 CrTTM-Consolidated Results
Price/Earnings-122.99xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MIC ELECTRONICS

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 MIC ELECTRONICS is calculated as :

Current Market Cap [ ₹1,197.3 Cr] as on Nov 08,2026

(/) Earnings [ ₹-9.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -122.99x ]

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

Thus, for MIC ELECTRONICS , the investors are currently willing to pay -122.99 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 MIC ELECTRONICS !

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 MIC ELECTRONICS over the last five years.

Historical PE (Price/Earnings) ratio chart of MIC ELECTRONICS


PE Ratio Performance Analysis for MIC ELECTRONICS

- MIC ELECTRONICS 's latest p/e ratio is -122.99x.

- MIC ELECTRONICS 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 265.57x.

- MIC ELECTRONICS 's operated at median p/e ratio of 125.19x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MIC ELECTRONICS 's p/e ratio peaked in Mar2023 at 1056.25x.

- MIC ELECTRONICS 's p/e ratio hit its five-year low in Mar2026 of 0x.


How does MIC ELECTRONICS 's P/E Ratio benchmark against top 10 peers in Electric Equipment Industry?

Peer Comparison (Electric Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MIC ELECTRONICS -9.74-122.991,197.3
HITACHI ENERGY INDIA LTD1,150.39107.81124,019.0
ABB INDIA LTD1,555.1893.68145,687.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,362.7990.41123,211.0
SIEMENS LTD1,454.2089.52130,178.0
GE VERNOVA T&D INDIA LTD1,436.9572.29103,878.0
WAAREE ENERGIES LTD3,878.5618.1070,215.7
HAVELLS INDIA LTD1,637.4142.9970,394.2
SUZLON ENERGY LTD2,259.0023.7653,680.6
APAR INDUSTRIES LTD1,376.6644.3561,059.7
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD161.09165.6026,676.8

Electric Equipment Industry Benchmark (Top 10) PE Analysis vs MIC ELECTRONICS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -122.99x
Max industry PE 165.60x
Median industry PE 72.29x
Average industry PE 56.87x



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