NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is 24.38.
| Share Price | ₹183.8 | Jan 09,2026 |
| Market Cap | ₹189.3 Cr | |
| Earnings-TTM | ₹7.8 Cr | TTM-Standalone Results |
| Price/Earnings | 24.38x | 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 [ ₹189.3 Cr] as on Jan 09,2026
(/) Earnings [ ₹7.8 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 24.38x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay 24.38 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 | 7.76 | 24.38 | 189.3 |
| BHARAT HEAVY ELECTRICALS LTD | 502.33 | 190.42 | 95,652.3 |
| THERMAX LTD | 590.23 | 61.02 | 36,018.6 |
| JYOTI CNC AUTOMATION LTD | 346.13 | 60.89 | 21,074.2 |
| TRIVENI TURBINE LTD | 343.00 | 48.03 | 16,473.1 |
| KIRLOSKAR BROTHERS LTD | 375.20 | 33.83 | 12,693.5 |
| ELECON ENGINEERING COMPANY LTD | 478.54 | 19.84 | 9,495.5 |
| PRAJ INDUSTRIES LTD | 105.54 | 54.40 | 5,741.4 |
| KIRLOSKAR OIL ENGINES LTD | 487.82 | 34.57 | 16,864.6 |
| TEGA INDUSTRIES LTD | 230.77 | 61.42 | 14,173.2 |
| SHRIRAM PISTONS & RINGS LTD | 549.52 | 25.55 | 14,038.7 |
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 | 19.84x |
| Max industry PE | 190.42x |
| Median industry PE | 48.03x |
| Average industry PE | 55.85x |
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