RATNAMANI METALS & TUBES
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The Current P/E Ratio of RATNAMANI METALS & TUBES is 33.62.
Share Price | ₹2,995.4 | Apr 25,2024 |
Market Cap | ₹20,997.4 Cr | |
Earnings-TTM | ₹624.6 Cr | TTM-Consolidated Results |
Price/Earnings | 33.62x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of RATNAMANI METALS & TUBES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
RATNAMANI METALS & TUBES | 624.56 | 33.62 | 20,997.4 |
JSW STEEL LTD | 11,474.00 | 19.30 | 221,436.0 |
TATA STEEL LTD | -3,899.20 | -53.66 | 209,223.0 |
JINDAL STAINLESS LTD | 2,816.41 | 21.31 | 60,024.3 |
STEEL AUTHORITY OF INDIA LTD | 2,533.01 | 26.89 | 68,112.4 |
APL APOLLO TUBES LTD | 763.82 | 56.28 | 42,991.3 |
MOTHERSON SUMI WIRING INDIA LTD | 585.34 | 52.96 | 31,000.8 |
SHYAM METALICS AND ENERGY LTD | 1,101.73 | 16.31 | 17,971.9 |
WELSPUN CORP LTD | 894.16 | 16.87 | 15,086.4 |
JINDAL SAW LTD | 1,406.60 | 12.45 | 17,506.5 |
MAHARASHTRA SEAMLESS LTD | 1,131.49 | 10.72 | 12,131.0 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RATNAMANI METALS & TUBES 's P/E Ratio
Top 10 Industry Peers | PE 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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