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NITIRAJ ENGINEERS
PE (Price/Earnings) Ratio

The Current P/E Ratio of NITIRAJ ENGINEERS is -1,286.66.

Share Price ₹229.9May 18,2024
Market Cap ₹236.7 Cr
Earnings-TTM₹-0.2 CrTTM-Consolidated Results
Price/Earnings-1,286.66xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of NITIRAJ ENGINEERS

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 NITIRAJ ENGINEERS is calculated as :

Current Market Cap [ ₹236.7 Cr] as on May 18,2024

(/) Earnings [ ₹-0.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -1,286.66x ]

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

Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay -1,286.66 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 NITIRAJ ENGINEERS !

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 NITIRAJ ENGINEERS over the last five years.

Historical PE (Price/Earnings) ratio chart of NITIRAJ ENGINEERS


PE Ratio Performance Analysis for NITIRAJ ENGINEERS

- NITIRAJ ENGINEERS 's latest p/e ratio is -1,286.66x.

- NITIRAJ ENGINEERS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.49x.

- NITIRAJ ENGINEERS 's operated at median p/e ratio of 5.02x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIRAJ ENGINEERS 's p/e ratio peaked in Mar2020 at 23.57x.

- NITIRAJ ENGINEERS 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does NITIRAJ ENGINEERS 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
NITIRAJ ENGINEERS -0.18-1,286.66236.7
BHARAT ELECTRONICS LTD3,523.8353.70189,214.0
BHARAT HEAVY ELECTRICALS LTD-183.06-589.76107,961.0
THERMAX LTD644.0192.1159,319.0
TRIVENI TURBINE LTD269.3175.3220,285.3
KIRLOSKAR OIL ENGINES LTD438.3742.6318,688.0
ELECON ENGINEERING COMPANY LTD349.1836.7512,831.8
PRAJ INDUSTRIES LTD279.5734.289,584.0
SHRIRAM PISTONS & RINGS LTD438.6820.769,108.4
KIRLOSKAR BROTHERS LTD339.6043.1314,645.4
TEGA INDUSTRIES LTD177.4558.4410,370.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs NITIRAJ ENGINEERS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -589.76x
Max industry PE 92.11x
Median industry PE 42.63x
Average industry PE -12.15x



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