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MIC ELECTRONICS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MIC ELECTRONICS is -121.42.

Share Price ₹39.7Nov 11,2026
Market Cap ₹1,182.1 Cr
Earnings-TTM₹-9.7 CrTTM-Consolidated Results
Price/Earnings-121.42xCalculated 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 [ ₹1,182.1 Cr] as on Nov 11,2026

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

(=) P/E Ratio [ -121.42x ]

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 -121.42 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 -121.42x.

- 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 -9.74-121.421,182.1
HITACHI ENERGY INDIA LTD1,150.39112.85129,820.0
ABB INDIA LTD1,555.1894.77147,382.0
CG POWER AND INDUSTRIAL SOLUTIONS LTD1,362.7994.91129,348.0
SIEMENS LTD1,454.2090.17131,124.0
GE VERNOVA T&D INDIA LTD1,436.9574.34106,830.0
WAAREE ENERGIES LTD3,878.5618.6272,200.5
HAVELLS INDIA LTD1,637.4145.1173,871.2
SUZLON ENERGY LTD2,259.0023.6353,378.1
APAR INDUSTRIES LTD1,376.6643.1759,425.7
SCHNEIDER ELECTRIC INFRASTRUCTURE LTD161.09157.0625,300.8

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

Top 10 Industry PeersPE Ratio
Min industry PE -121.42x
Max industry PE 157.06x
Median industry PE 74.34x
Average industry PE 57.56x



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