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RATNAMANI METALS & TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RATNAMANI METALS & TUBES is 35.30.

Share Price ₹2,691.5May 15,2026
Market Cap ₹18,867.1 Cr
Earnings-TTM₹534.5 CrTTM-Consolidated Results
Price/Earnings35.30xCalculated 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 [ ₹18,867.1 Cr] as on May 15,2026

(/) Earnings [ ₹534.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 35.30x ]

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 35.30 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 35.30x.

- RATNAMANI METALS & TUBES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 27.65x.

- RATNAMANI METALS & TUBES 's operated at median p/e ratio of 27.12x 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 Mar2025 at 33.24x.

- RATNAMANI METALS & TUBES 's p/e ratio hit its five-year low in Mar2021 of 21.44x.


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 534.4735.3018,867.1
JSW STEEL LTD25,983.0012.03312,639.0
TATA STEEL LTD8,810.4730.72270,641.0
JINDAL STAINLESS LTD3,167.8419.5361,856.2
STEEL AUTHORITY OF INDIA LTD2,449.8432.4379,450.6
APL APOLLO TUBES LTD1,203.1043.6352,495.5
MOTHERSON SUMI WIRING INDIA LTD625.1842.5426,593.0
SHYAM METALICS AND ENERGY LTD1,060.0723.1024,491.0
WELSPUN CORP LTD1,661.2720.7834,513.1
SARDA ENERGY & MINERALS LTD1,016.6818.8719,181.9
JINDAL SAW LTD906.0016.2014,673.5

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 12.03x
Max industry PE 43.63x
Median industry PE 23.10x
Average industry PE 26.83x



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