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NELCAST
PE (Price/Earnings) Ratio

The Current P/E Ratio of NELCAST is 20.75.

Share Price ₹128.4Mar 28,2024
Market Cap ₹1,117.1 Cr
Earnings-TTM₹53.8 CrTTM-Consolidated Results
Price/Earnings20.75xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NELCAST

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 NELCAST is calculated as :

Current Market Cap [ ₹1,117.1 Cr] as on Mar 28,2024

(/) Earnings [ ₹53.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.75x ]

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

Thus, for NELCAST , the investors are currently willing to pay 20.75 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 NELCAST !

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 NELCAST over the last five years.

Historical PE (Price/Earnings) ratio chart of NELCAST


PE Ratio Performance Analysis for NELCAST

- NELCAST 's latest p/e ratio is 20.75x.

- NELCAST 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 30.16x.

- NELCAST 's operated at median p/e ratio of 26.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NELCAST 's p/e ratio peaked in Mar2021 at 62.3x.

- NELCAST 's p/e ratio hit its five-year low in Mar2020 of 7.26x.


How does NELCAST 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NELCAST 53.8320.751,117.1
AIA ENGINEERING LTD1,143.4232.3036,931.6
PTC INDUSTRIES LTD36.70291.1310,685.1
ELECTROSTEEL CASTINGS LTD602.5018.3011,025.3
KIRLOSKAR FERROUS INDUSTRIES LTD374.4920.267,588.0
ALICON CASTALLOY LTD50.4526.211,322.2
STEELCAST LTD75.8417.451,323.4
UNI ABEX ALLOY PRODUCTS LTD38.6015.33591.9
SYNERGY GREEN INDUSTRIES LTD11.7441.49487.1
NITIN CASTINGS LTD10.5130.39319.3
INVESTMENT & PRECISION CASTINGS LTD9.9827.34273.0

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs NELCAST 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 15.33x
Max industry PE 291.13x
Median industry PE 26.21x
Average industry PE 49.18x



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