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RATNAMANI METALS & TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RATNAMANI METALS & TUBES is 33.62.

Share Price ₹2,995.4Apr 25,2024
Market Cap ₹20,997.4 Cr
Earnings-TTM₹624.6 CrTTM-Consolidated Results
Price/Earnings33.62xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RATNAMANI METALS & TUBES

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 RATNAMANI METALS & TUBES is calculated as :

Current Market Cap [ ₹20,997.4 Cr] as on Apr 25,2024

(/) Earnings [ ₹624.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 33.62x ]

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

Thus, for RATNAMANI METALS & TUBES , the investors are currently willing to pay 33.62 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 RATNAMANI METALS & TUBES !

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 RATNAMANI METALS & TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of RATNAMANI METALS & TUBES


PE Ratio Performance Analysis for RATNAMANI METALS & TUBES

- RATNAMANI METALS & TUBES 's latest p/e ratio is 33.62x.

- RATNAMANI METALS & TUBES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 18.76x.

- RATNAMANI METALS & TUBES 's operated at median p/e ratio of 21.44x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RATNAMANI METALS & TUBES 's p/e ratio peaked in Mar2023 at 27.12x.

- RATNAMANI METALS & TUBES 's p/e ratio hit its five-year low in Mar2020 of 9.15x.


How does RATNAMANI METALS & TUBES '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
RATNAMANI METALS & TUBES 624.5633.6220,997.4
JSW STEEL LTD11,474.0019.30221,436.0
TATA STEEL LTD-3,899.20-53.66209,223.0
JINDAL STAINLESS LTD2,816.4121.3160,024.3
STEEL AUTHORITY OF INDIA LTD2,533.0126.8968,112.4
APL APOLLO TUBES LTD763.8256.2842,991.3
MOTHERSON SUMI WIRING INDIA LTD585.3452.9631,000.8
SHYAM METALICS AND ENERGY LTD1,101.7316.3117,971.9
WELSPUN CORP LTD894.1616.8715,086.4
JINDAL SAW LTD1,406.6012.4517,506.5
MAHARASHTRA SEAMLESS LTD1,131.4910.7212,131.0

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RATNAMANI METALS & TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -53.66x
Max industry PE 56.28x
Median industry PE 19.30x
Average industry PE 19.37x



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