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SALASAR TECHNO ENGINEERING
PE (Price/Earnings) Ratio

The Current P/E Ratio of SALASAR TECHNO ENGINEERING is 62.31.

Share Price ₹20.0Mar 28,2024
Market Cap ₹3,158.6 Cr
Earnings-TTM₹50.7 CrTTM-Consolidated Results
Price/Earnings62.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SALASAR TECHNO ENGINEERING

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 SALASAR TECHNO ENGINEERING is calculated as :

Current Market Cap [ ₹3,158.6 Cr] as on Mar 28,2024

(/) Earnings [ ₹50.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 62.31x ]

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

Thus, for SALASAR TECHNO ENGINEERING , the investors are currently willing to pay 62.31 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 SALASAR TECHNO ENGINEERING !

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 SALASAR TECHNO ENGINEERING over the last five years.

Historical PE (Price/Earnings) ratio chart of SALASAR TECHNO ENGINEERING


PE Ratio Performance Analysis for SALASAR TECHNO ENGINEERING

- SALASAR TECHNO ENGINEERING 's latest p/e ratio is 62.31x.

- SALASAR TECHNO ENGINEERING 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.97x.

- SALASAR TECHNO ENGINEERING 's operated at median p/e ratio of 0.88x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SALASAR TECHNO ENGINEERING 's p/e ratio peaked in Mar2023 at 31.37x.

- SALASAR TECHNO ENGINEERING 's p/e ratio hit its five-year low in Mar2020 of 0.23x.


How does SALASAR TECHNO ENGINEERING 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SALASAR TECHNO ENGINEERING 50.6962.313,158.6
BHARAT ELECTRONICS LTD3,523.8341.79147,255.0
BHARAT HEAVY ELECTRICALS LTD-183.06-470.2186,076.6
THERMAX LTD612.4781.6249,992.0
TRIVENI TURBINE LTD249.2668.4817,068.4
KIRLOSKAR OIL ENGINES LTD370.4133.6212,454.6
ELECON ENGINEERING COMPANY LTD314.3233.9110,657.3
PRAJ INDUSTRIES LTD279.5735.029,791.7
SHRIRAM PISTONS & RINGS LTD413.6020.888,636.6
KIRLOSKAR BROTHERS LTD287.6030.508,772.7
TEGA INDUSTRIES LTD177.4546.608,268.7

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SALASAR TECHNO ENGINEERING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -470.21x
Max industry PE 81.62x
Median industry PE 35.02x
Average industry PE -1.41x



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