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SCAN STEELS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SCAN STEELS is 29.50.

Share Price ₹67.4Apr 16,2024
Market Cap ₹353.1 Cr
Earnings-TTM₹12.0 CrTTM-Standalone Results
Price/Earnings29.50xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SCAN STEELS

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 SCAN STEELS is calculated as :

Current Market Cap [ ₹353.1 Cr] as on Apr 16,2024

(/) Earnings [ ₹12.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 29.50x ]

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

Thus, for SCAN STEELS , the investors are currently willing to pay 29.50 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 SCAN STEELS !

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 SCAN STEELS over the last five years.

Historical PE (Price/Earnings) ratio chart of SCAN STEELS


PE Ratio Performance Analysis for SCAN STEELS

- SCAN STEELS 's latest p/e ratio is 29.50x.

- SCAN STEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 61.68x.

- SCAN STEELS 's operated at median p/e ratio of 9.46x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SCAN STEELS 's p/e ratio peaked in Mar2020 at 262.58x.

- SCAN STEELS 's p/e ratio hit its five-year low in Mar2021 of 3.11x.


How does SCAN STEELS '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
SCAN STEELS 11.9729.50353.1
JSW STEEL LTD11,474.0018.02206,739.0
TATA STEEL LTD-3,899.20-51.24199,798.0
JINDAL STAINLESS LTD2,816.4119.7055,474.8
STEEL AUTHORITY OF INDIA LTD2,533.0124.3561,668.7
APL APOLLO TUBES LTD763.8256.1242,863.7
MOTHERSON SUMI WIRING INDIA LTD585.3453.4731,297.0
RATNAMANI METALS & TUBES LTD624.5633.2320,755.3
SHYAM METALICS AND ENERGY LTD1,101.7315.1216,657.2
WELSPUN CORP LTD894.1616.0414,344.6
JINDAL SAW LTD1,406.6010.9215,362.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs SCAN STEELS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.24x
Max industry PE 56.12x
Median industry PE 19.70x
Average industry PE 20.47x



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