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SHIPPING CORPORATION OF INDIA
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHIPPING CORPORATION OF INDIA is 14.63.

Share Price ₹213.4Apr 16,2024
Market Cap ₹9,937.8 Cr
Earnings-TTM₹679.1 CrTTM-Consolidated Results
Price/Earnings14.63xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHIPPING CORPORATION OF INDIA

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 SHIPPING CORPORATION OF INDIA is calculated as :

Current Market Cap [ ₹9,937.8 Cr] as on Apr 16,2024

(/) Earnings [ ₹679.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 14.63x ]

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

Thus, for SHIPPING CORPORATION OF INDIA , the investors are currently willing to pay 14.63 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 SHIPPING CORPORATION OF INDIA !

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 SHIPPING CORPORATION OF INDIA over the last five years.

Historical PE (Price/Earnings) ratio chart of SHIPPING CORPORATION OF INDIA


PE Ratio Performance Analysis for SHIPPING CORPORATION OF INDIA

- SHIPPING CORPORATION OF INDIA 's latest p/e ratio is 14.63x.

- SHIPPING CORPORATION OF INDIA 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 4.77x.

- SHIPPING CORPORATION OF INDIA 's operated at median p/e ratio of 5.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHIPPING CORPORATION OF INDIA 's p/e ratio peaked in Mar2021 at 7.41x.

- SHIPPING CORPORATION OF INDIA 's p/e ratio hit its five-year low in Mar2019 of 0x.


How does SHIPPING CORPORATION OF INDIA 's P/E Ratio benchmark against top 10 peers in Shipping Industry?

Peer Comparison (Shipping Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHIPPING CORPORATION OF INDIA 679.0814.639,937.8
THE GREAT EASTERN SHIPPING COMPANY LTD2,431.045.8514,224.6
SEAMEC LTD63.2142.952,714.6
DREDGING CORPORATION OF INDIA LTD44.9751.392,310.8
SHREYAS SHIPPING & LOGISTICS LTD-35.35-17.78628.5
ESSAR SHIPPING LTD327.271.80587.6
GLOBAL OFFSHORE SERVICES LTD599.940.19115.2

Shipping Industry Benchmark (Top 10) PE Analysis vs SHIPPING CORPORATION OF INDIA 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -17.78x
Max industry PE 51.39x
Median industry PE 5.85x
Average industry PE 14.15x



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