NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is 131.52.
| Share Price | ₹209.8 | Apr 17,2026 |
| Market Cap | ₹216.1 Cr | |
| Earnings-TTM | ₹1.6 Cr | TTM-Standalone Results |
| Price/Earnings | 131.52x | 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 [ ₹216.1 Cr] as on Apr 17,2026
(/) Earnings [ ₹1.6 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 131.52x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay 131.52 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 | 1.64 | 131.52 | 216.1 |
| BHARAT HEAVY ELECTRICALS LTD | 760.05 | 145.09 | 110,277.0 |
| THERMAX LTD | 681.12 | 72.45 | 49,345.0 |
| JYOTI CNC AUTOMATION LTD | 354.40 | 45.39 | 16,085.6 |
| TRIVENI TURBINE LTD | 343.10 | 47.69 | 16,362.0 |
| KIRLOSKAR BROTHERS LTD | 380.50 | 36.82 | 14,008.5 |
| ELECON ENGINEERING COMPANY LTD | 340.54 | 27.20 | 9,263.2 |
| PRAJ INDUSTRIES LTD | 52.05 | 123.86 | 6,447.2 |
| KIRLOSKAR OIL ENGINES LTD | 529.06 | 44.43 | 23,503.9 |
| TEGA INDUSTRIES LTD | 195.99 | 66.67 | 13,066.6 |
| SHRIRAM PISTONS & RINGS LTD | 554.24 | 29.69 | 16,454.4 |
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 | 27.20x |
| Max industry PE | 145.09x |
| Median industry PE | 47.69x |
| Average industry PE | 70.07x |
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