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OIL COUNTRY TUBULAR
PE (Price/Earnings) Ratio

The Current P/E Ratio of OIL COUNTRY TUBULAR is -4.87.

Share Price ₹57.6May 21,2026
Market Cap ₹299.3 Cr
Earnings-TTM₹-61.5 CrTTM-Standalone Results
Price/Earnings-4.87xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of OIL COUNTRY TUBULAR

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 OIL COUNTRY TUBULAR is calculated as :

Current Market Cap [ ₹299.3 Cr] as on May 21,2026

(/) Earnings [ ₹-61.5 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -4.87x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for OIL COUNTRY TUBULAR , the investors are currently willing to pay -4.87 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 OIL COUNTRY TUBULAR !

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 OIL COUNTRY TUBULAR over the last five years.

Historical PE (Price/Earnings) ratio chart of OIL COUNTRY TUBULAR


PE Ratio Performance Analysis for OIL COUNTRY TUBULAR

- OIL COUNTRY TUBULAR 's latest p/e ratio is -4.87x.

- OIL COUNTRY TUBULAR 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.12x.

- OIL COUNTRY TUBULAR 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, OIL COUNTRY TUBULAR 's p/e ratio peaked in Mar2023 at 0.59x.

- OIL COUNTRY TUBULAR 's p/e ratio hit its five-year low in Mar2025 of 0x.


How does OIL COUNTRY TUBULAR 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
OIL COUNTRY TUBULAR -61.48-4.87299.3
JSW STEEL LTD25,983.0012.07313,629.0
TATA STEEL LTD10,517.3024.75260,342.0
STEEL AUTHORITY OF INDIA LTD2,947.4127.5281,123.5
JINDAL STAINLESS LTD3,167.8419.1660,706.1
APL APOLLO TUBES LTD1,203.1042.9451,655.6
WELSPUN CORP LTD1,661.2721.1135,064.4
SHYAM METALICS AND ENERGY LTD1,060.0724.6026,073.7
GODAWARI POWER AND ISPAT LTD795.5525.1820,033.8
SARDA ENERGY & MINERALS LTD1,016.6819.4719,791.5
RATNAMANI METALS & TUBES LTD534.4733.1317,706.3

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs OIL COUNTRY TUBULAR 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -4.87x
Max industry PE 42.94x
Median industry PE 24.60x
Average industry PE 22.28x



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