NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is 89.51.
| Share Price | ₹209.3 | Sep 30,2026 |
| Market Cap | ₹215.5 Cr | |
| Earnings-TTM | ₹2.4 Cr | TTM-Standalone Results |
| Price/Earnings | 89.51x | 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 [ ₹215.5 Cr] as on Sep 30,2026
(/) Earnings [ ₹2.4 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 89.51x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay 89.51 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 | 2.41 | 89.51 | 215.5 |
| BHARAT HEAVY ELECTRICALS LTD | 2,373.63 | 60.88 | 144,506.0 |
| THERMAX LTD | 590.83 | 68.39 | 40,404.1 |
| KIRLOSKAR OIL ENGINES LTD | 534.60 | 62.74 | 33,539.2 |
| TRIVENI TURBINE LTD | 337.30 | 50.84 | 17,147.6 |
| JYOTI CNC AUTOMATION LTD | 321.72 | 73.26 | 23,570.1 |
| INOX INDIA LTD | 254.84 | 73.02 | 18,608.7 |
| AZAD ENGINEERING LTD | 139.29 | 137.46 | 19,147.2 |
| TEGA INDUSTRIES LTD | -6.53 | -2,425.15 | 15,836.2 |
| ELECON ENGINEERING COMPANY LTD | 236.06 | 43.94 | 10,372.9 |
| KRN HEAT EXCHANGER AND REFRIGERATION LTD | 96.94 | 97.07 | 9,410.0 |
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 | -2,425.15x |
| Max industry PE | 137.46x |
| Median industry PE | 68.39x |
| Average industry PE | -151.64x |
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