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MUKAND
PE (Price/Earnings) Ratio

The Current P/E Ratio of MUKAND is 12.21.

Share Price ₹168.2Apr 19,2024
Market Cap ₹2,429.8 Cr
Earnings-TTM₹199.0 CrTTM-Consolidated Results
Price/Earnings12.21xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MUKAND

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 MUKAND is calculated as :

Current Market Cap [ ₹2,429.8 Cr] as on Apr 19,2024

(/) Earnings [ ₹199.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 12.21x ]

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

Thus, for MUKAND , the investors are currently willing to pay 12.21 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 MUKAND !

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 MUKAND over the last five years.

Historical PE (Price/Earnings) ratio chart of MUKAND


PE Ratio Performance Analysis for MUKAND

- MUKAND 's latest p/e ratio is 12.21x.

- MUKAND 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.67x.

- MUKAND 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MUKAND 's p/e ratio peaked in Mar2023 at 11.79x.

- MUKAND 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does MUKAND 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
MUKAND 199.0012.212,429.8
JSW STEEL LTD11,474.0018.44211,593.0
TATA STEEL LTD-3,899.20-51.90202,357.0
JINDAL STAINLESS LTD2,816.4120.2457,006.4
STEEL AUTHORITY OF INDIA LTD2,533.0123.8060,285.0
APL APOLLO TUBES LTD763.8256.5043,155.1
MOTHERSON SUMI WIRING INDIA LTD585.3452.9430,987.6
RATNAMANI METALS & TUBES LTD624.5632.6320,381.3
SHYAM METALICS AND ENERGY LTD1,101.7315.0616,593.0
WELSPUN CORP LTD894.1615.4613,821.2
JINDAL SAW LTD1,406.6010.9115,351.4

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs MUKAND 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.90x
Max industry PE 56.50x
Median industry PE 18.44x
Average industry PE 18.75x



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