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MINDA CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of MINDA CORPORATION is 35.04.

Share Price ₹409.8Apr 25,2024
Market Cap ₹9,798.3 Cr
Earnings-TTM₹279.6 CrTTM-Consolidated Results
Price/Earnings35.04xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MINDA CORPORATION

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 MINDA CORPORATION is calculated as :

Current Market Cap [ ₹9,798.3 Cr] as on Apr 25,2024

(/) Earnings [ ₹279.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 35.04x ]

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

Thus, for MINDA CORPORATION , the investors are currently willing to pay 35.04 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 MINDA CORPORATION !

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 MINDA CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of MINDA CORPORATION


PE Ratio Performance Analysis for MINDA CORPORATION

- MINDA CORPORATION 's latest p/e ratio is 35.04x.

- MINDA CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 21.53x.

- MINDA CORPORATION 's operated at median p/e ratio of 18.24x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MINDA CORPORATION 's p/e ratio peaked in Mar2021 at 45.58x.

- MINDA CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does MINDA CORPORATION 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MINDA CORPORATION 279.6035.049,798.3
BOSCH LTD2,324.7036.6885,260.2
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9840.3286,196.1
SONA BLW PRECISION FORGINGS LTD489.5179.9239,119.0
UNO MINDA LTD665.4461.8441,148.2
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4665.1326,536.6
ENDURANCE TECHNOLOGIES LTD606.8045.3527,516.5
JBM AUTO LTD157.18136.9621,526.9
TVS HOLDINGS LTD1,761.189.7917,236.7
CRAFTSMAN AUTOMATION LTD346.3627.989,692.2
MAHARASHTRA SCOOTERS LTD199.3146.039,173.5

Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs MINDA CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.79x
Max industry PE 136.96x
Median industry PE 45.35x
Average industry PE 53.18x



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