NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is 177.12.
| Share Price | ₹182.5 | Jul 08,2026 |
| Market Cap | ₹187.9 Cr | |
| Earnings-TTM | ₹1.1 Cr | TTM-Standalone Results |
| Price/Earnings | 177.12x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of NITIRAJ ENGINEERS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹187.9 Cr] as on Jul 08,2026
(/) Earnings [ ₹1.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 177.12x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay 177.12 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 p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 16.95x.
- NITIRAJ ENGINEERS 's operated at median p/e ratio of 13.49x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIRAJ ENGINEERS 's p/e ratio peaked in Mar2025 at 56.48x.
- 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 Ratio | Market Cap |
|---|---|---|---|
| NITIRAJ ENGINEERS | 1.06 | 177.12 | 187.9 |
| BHARAT HEAVY ELECTRICALS LTD | 1,539.21 | 85.43 | 131,500.0 |
| THERMAX LTD | 720.67 | 76.20 | 54,917.9 |
| KIRLOSKAR OIL ENGINES LTD | 557.72 | 59.33 | 33,090.3 |
| TRIVENI TURBINE LTD | 350.70 | 55.66 | 19,518.8 |
| JYOTI CNC AUTOMATION LTD | 336.00 | 51.03 | 17,145.4 |
| INOX INDIA LTD | 257.89 | 66.07 | 17,038.6 |
| AZAD ENGINEERING LTD | 133.56 | 107.74 | 14,390.4 |
| TEGA INDUSTRIES LTD | 136.58 | 90.39 | 12,346.1 |
| ELECON ENGINEERING COMPANY LTD | 340.54 | 32.78 | 11,162.8 |
| KRN HEAT EXCHANGER AND REFRIGERATION LTD | 76.47 | 103.50 | 7,914.6 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs NITIRAJ ENGINEERS 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 32.78x |
| Max industry PE | 177.12x |
| Median industry PE | 76.20x |
| Average industry PE | 82.30x |
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