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RAM RATNA WIRES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RAM RATNA WIRES is 28.68.

Share Price ₹331.3Apr 25,2024
Market Cap ₹1,457.5 Cr
Earnings-TTM₹50.8 CrTTM-Consolidated Results
Price/Earnings28.68xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RAM RATNA WIRES

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 RAM RATNA WIRES is calculated as :

Current Market Cap [ ₹1,457.5 Cr] as on Apr 25,2024

(/) Earnings [ ₹50.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 28.68x ]

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

Thus, for RAM RATNA WIRES , the investors are currently willing to pay 28.68 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 RAM RATNA WIRES !

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 RAM RATNA WIRES over the last five years.

Historical PE (Price/Earnings) ratio chart of RAM RATNA WIRES


PE Ratio Performance Analysis for RAM RATNA WIRES

- RAM RATNA WIRES 's latest p/e ratio is 28.68x.

- RAM RATNA WIRES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.21x.

- RAM RATNA WIRES 's operated at median p/e ratio of 5.91x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAM RATNA WIRES 's p/e ratio peaked in Mar2023 at 15.5x.

- RAM RATNA WIRES 's p/e ratio hit its five-year low in Mar2020 of 3.4x.


How does RAM RATNA WIRES 's P/E Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?

Peer Comparison (Metal - Non Ferrous Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RAM RATNA WIRES 50.8328.681,457.5
HINDUSTAN ZINC LTD7,759.0022.41173,893.0
HINDALCO INDUSTRIES LTD9,387.0015.48145,283.0
VEDANTA LTD7,534.0018.79141,551.0
HINDUSTAN COPPER LTD303.15121.4736,824.3
GRAVITA INDIA LTD236.8528.276,695.0
SHIVALIK BIMETAL CONTROLS LTD78.1342.593,327.5
BHARAT WIRE ROPES LTD90.5122.992,081.1
NILE LTD33.6312.17409.3
RAJNANDINI METAL LTD18.3116.38300.0
SHERA ENERGY LTD12.4635.84446.7

Metal - Non Ferrous Industry Benchmark (Top 10) PE Analysis vs RAM RATNA WIRES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.17x
Max industry PE 121.47x
Median industry PE 22.99x
Average industry PE 33.19x



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