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NITIRAJ ENGINEERS
PE (Price/Earnings) Ratio

The Current P/E Ratio of NITIRAJ ENGINEERS is 45.79.

Share Price ₹214.6Jul 15,2025
Market Cap ₹221.1 Cr
Earnings-TTM₹4.8 CrTTM-Standalone Results
Price/Earnings45.79xCalculated 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 [ ₹221.1 Cr] as on Jul 15,2025

(/) Earnings [ ₹4.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 45.79x ]

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 45.79 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 45.79x.

- NITIRAJ ENGINEERS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.05x.

- 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 Mar2020 at 21.98x.

- 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 4.8345.79221.1
BHARAT HEAVY ELECTRICALS LTD474.89188.8189,663.1
THERMAX LTD626.9466.0941,433.6
JYOTI CNC AUTOMATION LTD316.0173.9323,360.9
TRIVENI TURBINE LTD358.5058.5320,983.1
KIRLOSKAR BROTHERS LTD403.3043.5817,575.2
ELECON ENGINEERING COMPANY LTD510.9027.3913,994.7
PRAJ INDUSTRIES LTD218.9341.619,109.8
KIRLOSKAR OIL ENGINES LTD475.0928.0213,309.7
TEGA INDUSTRIES LTD195.6563.1312,351.3
SHRIRAM PISTONS & RINGS LTD515.5620.1310,379.9

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

Top 10 Industry PeersPE Ratio
Min industry PE 20.13x
Max industry PE 188.81x
Median industry PE 45.79x
Average industry PE 59.73x



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