PRAJ INDUSTRIES
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The Current P/E Ratio of PRAJ INDUSTRIES is 33.50.
Share Price | ₹509.5 | Apr 19,2024 |
Market Cap | ₹9,364.6 Cr | |
Earnings-TTM | ₹279.6 Cr | TTM-Consolidated Results |
Price/Earnings | 33.50x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PRAJ INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹9,364.6 Cr] as on Apr 19,2024
(/) Earnings [ ₹279.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 33.50x ]
Thus, for PRAJ INDUSTRIES , the investors are currently willing to pay 33.50 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 PRAJ INDUSTRIES !
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 PRAJ INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of PRAJ INDUSTRIES
PE Ratio Performance Analysis for PRAJ INDUSTRIES
- PRAJ INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 34.94x.
- PRAJ INDUSTRIES 's operated at median p/e ratio of 41.56x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PRAJ INDUSTRIES 's p/e ratio peaked in Mar2022 at 48.69x.
- PRAJ INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 14.32x.
How does PRAJ INDUSTRIES '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 |
---|---|---|---|
PRAJ INDUSTRIES | 279.57 | 33.50 | 9,364.6 |
BHARAT ELECTRONICS LTD | 3,523.83 | 48.36 | 170,427.0 |
BHARAT HEAVY ELECTRICALS LTD | -183.06 | -484.00 | 88,601.1 |
THERMAX LTD | 612.47 | 93.67 | 57,369.0 |
TRIVENI TURBINE LTD | 249.26 | 68.37 | 17,041.4 |
KIRLOSKAR OIL ENGINES LTD | 370.41 | 34.60 | 12,815.6 |
ELECON ENGINEERING COMPANY LTD | 349.18 | 37.49 | 13,089.2 |
SHRIRAM PISTONS & RINGS LTD | 413.60 | 21.77 | 9,002.2 |
KIRLOSKAR BROTHERS LTD | 287.60 | 33.11 | 9,521.5 |
TEGA INDUSTRIES LTD | 177.45 | 54.08 | 9,595.8 |
ION EXCHANGE (INDIA) LTD | 202.23 | 39.26 | 7,940.5 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs PRAJ INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -484.00x |
Max industry PE | 93.67x |
Median industry PE | 37.49x |
Average industry PE | -1.80x |
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