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SHRADDHA PRIME PROJECTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHRADDHA PRIME PROJECTS is 23.93.

Share Price ₹168.8Apr 30,2024
Market Cap ₹340.9 Cr
Earnings-TTM₹14.2 CrTTM-Consolidated Results
Price/Earnings23.93xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHRADDHA PRIME PROJECTS

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 SHRADDHA PRIME PROJECTS is calculated as :

Current Market Cap [ ₹340.9 Cr] as on Apr 30,2024

(/) Earnings [ ₹14.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 23.93x ]

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

Thus, for SHRADDHA PRIME PROJECTS , the investors are currently willing to pay 23.93 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 SHRADDHA PRIME PROJECTS !

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 SHRADDHA PRIME PROJECTS over the last five years.

Historical PE (Price/Earnings) ratio chart of SHRADDHA PRIME PROJECTS


PE Ratio Performance Analysis for SHRADDHA PRIME PROJECTS

- SHRADDHA PRIME PROJECTS 's latest p/e ratio is 23.93x.

- SHRADDHA PRIME PROJECTS 's p/e ratio for fiscal years ending Mar2023 to Mar2023 averaged 18.14x.

- SHRADDHA PRIME PROJECTS 's operated at median p/e ratio of 18.14x from fiscal years ending March 2018 to 2022.

- Looking back at the last 1 fiscal years, SHRADDHA PRIME PROJECTS 's p/e ratio peaked in Mar2023 at 18.14x.

- SHRADDHA PRIME PROJECTS 's p/e ratio hit its five-year low in Mar2023 of 18.14x.


How does SHRADDHA PRIME PROJECTS '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
SHRADDHA PRIME PROJECTS 14.2523.93340.9
BHARAT ELECTRONICS LTD3,523.8348.48170,830.0
BHARAT HEAVY ELECTRICALS LTD-183.06-535.7498,072.3
THERMAX LTD612.4790.8755,654.3
TRIVENI TURBINE LTD249.2668.6117,101.8
KIRLOSKAR OIL ENGINES LTD370.4139.9614,802.8
ELECON ENGINEERING COMPANY LTD349.1836.4212,717.3
PRAJ INDUSTRIES LTD279.5735.9510,050.0
SHRIRAM PISTONS & RINGS LTD413.6021.809,015.5
KIRLOSKAR BROTHERS LTD287.6036.2910,435.9
TEGA INDUSTRIES LTD177.4556.279,986.0

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SHRADDHA PRIME PROJECTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -535.74x
Max industry PE 90.87x
Median industry PE 36.42x
Average industry PE -7.01x



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