RAMKRISHNA FORGINGS
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The Current P/E Ratio of RAMKRISHNA FORGINGS is 41.78.
Share Price | ₹731.2 | Apr 18,2024 |
Market Cap | ₹13,226.5 Cr | |
Earnings-TTM | ₹316.5 Cr | TTM-Consolidated Results |
Price/Earnings | 41.78x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of RAMKRISHNA FORGINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹13,226.5 Cr] as on Apr 18,2024
(/) Earnings [ ₹316.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 41.78x ]
Thus, for RAMKRISHNA FORGINGS , the investors are currently willing to pay 41.78 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 RAMKRISHNA FORGINGS !
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 RAMKRISHNA FORGINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of RAMKRISHNA FORGINGS
PE Ratio Performance Analysis for RAMKRISHNA FORGINGS
- RAMKRISHNA FORGINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 12.08x.
- RAMKRISHNA FORGINGS 's operated at median p/e ratio of 12.72x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RAMKRISHNA FORGINGS 's p/e ratio peaked in Mar2023 at 18.45x.
- RAMKRISHNA FORGINGS 's p/e ratio hit its five-year low in Mar2019 of 2.84x.
How does RAMKRISHNA FORGINGS 's P/E Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
RAMKRISHNA FORGINGS | 316.54 | 41.78 | 13,226.5 |
BHARAT FORGE LTD | 806.53 | 68.46 | 55,214.2 |
CIE AUTOMOTIVE INDIA LTD | 562.34 | 32.61 | 18,338.4 |
MM FORGINGS LTD | 127.92 | 18.61 | 2,380.3 |
LGB FORGE LTD | -8.31 | -29.67 | 246.5 |
HILTON METAL FORGING LTD | 8.63 | 27.84 | 240.1 |
KALYANI FORGE LTD | 4.61 | 34.17 | 157.4 |
SAMRAT FORGINGS LTD | 3.40 | 47.03 | 160.0 |
TIRUPATI FORGE LTD | 6.86 | 25.56 | 175.4 |
GANGA FORGING LTD | 1.94 | 62.56 | 121.4 |
Forgings Industry Benchmark (Top 10) PE Analysis vs RAMKRISHNA FORGINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -29.67x |
Max industry PE | 68.46x |
Median industry PE | 34.17x |
Average industry PE | 32.89x |
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