RITES
|
The Current P/E Ratio of RITES is 31.73.
Share Price | ₹653.2 | Apr 18,2024 |
Market Cap | ₹15,696.4 Cr | |
Earnings-TTM | ₹494.6 Cr | TTM-Consolidated Results |
Price/Earnings | 31.73x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of RITES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹15,696.4 Cr] as on Apr 18,2024
(/) Earnings [ ₹494.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 31.73x ]
Thus, for RITES , the investors are currently willing to pay 31.73 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 RITES !
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 RITES over the last five years.
Historical PE (Price/Earnings) ratio chart of RITES
PE Ratio Performance Analysis for RITES
- RITES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 12.03x.
- RITES 's operated at median p/e ratio of 12.23x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RITES 's p/e ratio peaked in Mar2023 at 15.72x.
- RITES 's p/e ratio hit its five-year low in Mar2019 of 8.83x.
How does RITES 's P/E Ratio benchmark against top 10 peers in Engineering Industry?
Peer Comparison (Engineering Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
RITES | 494.61 | 31.73 | 15,696.4 |
ENGINEERS INDIA LTD | 427.44 | 27.29 | 11,665.2 |
MTAR TECHNOLOGIES LTD | 82.31 | 67.96 | 5,593.6 |
KENNAMETAL INDIA LTD | 76.30 | 69.61 | 5,310.9 |
INOX GREEN ENERGY SERVICES LTD | 5.48 | 714.73 | 3,916.7 |
THEJO ENGINEERING LTD | 55.15 | 54.02 | 2,979.3 |
DIVGI TORQTRANSFER SYSTEMS LTD | 43.98 | 56.59 | 2,488.5 |
PITTI ENGINEERING LTD | 74.67 | 34.80 | 2,598.5 |
DEEP INDUSTRIES LTD | 160.74 | 12.06 | 1,938.2 |
LOKESH MACHINES LTD | 12.12 | 69.33 | 840.0 |
PRITIKA AUTO INDUSTRIES LTD | 16.72 | 26.84 | 448.6 |
Engineering Industry Benchmark (Top 10) PE Analysis vs RITES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 12.06x |
Max industry PE | 714.73x |
Median industry PE | 54.02x |
Average industry PE | 105.90x |
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