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SHANTHI GEARS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHANTHI GEARS is 55.89.

Share Price ₹554.1Mar 28,2024
Market Cap ₹4,249.6 Cr
Earnings-TTM₹76.0 CrTTM-Standalone Results
Price/Earnings55.89xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHANTHI GEARS

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 SHANTHI GEARS is calculated as :

Current Market Cap [ ₹4,249.6 Cr] as on Mar 28,2024

(/) Earnings [ ₹76.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 55.89x ]

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

Thus, for SHANTHI GEARS , the investors are currently willing to pay 55.89 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 SHANTHI GEARS !

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 SHANTHI GEARS over the last five years.

Historical PE (Price/Earnings) ratio chart of SHANTHI GEARS


PE Ratio Performance Analysis for SHANTHI GEARS

- SHANTHI GEARS 's latest p/e ratio is 55.89x.

- SHANTHI GEARS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 35.00x.

- SHANTHI GEARS 's operated at median p/e ratio of 32.57x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHANTHI GEARS 's p/e ratio peaked in Mar2021 at 48.29x.

- SHANTHI GEARS 's p/e ratio hit its five-year low in Mar2020 of 20.26x.


How does SHANTHI GEARS 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHANTHI GEARS 76.0455.894,249.6
BOSCH LTD2,324.7038.1288,617.3
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9837.1079,318.0
SONA BLW PRECISION FORGINGS LTD489.5184.5341,376.8
UNO MINDA LTD665.4459.0539,293.9
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4670.4728,713.6
ENDURANCE TECHNOLOGIES LTD606.8042.4225,740.6
JBM AUTO LTD157.18135.7521,336.5
TVS HOLDINGS LTD1,761.189.3716,508.4
MINDA CORPORATION LTD279.6035.769,998.3
CRAFTSMAN AUTOMATION LTD346.3626.369,131.1

Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs SHANTHI GEARS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.37x
Max industry PE 135.75x
Median industry PE 42.42x
Average industry PE 54.07x



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