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SHRIRAM PISTONS & RINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 21.00.

Share Price ₹2,461.0Jun 09,2025
Market Cap ₹10,828.2 Cr
Earnings-TTM₹515.6 CrTTM-Consolidated Results
Price/Earnings21.00xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHRIRAM PISTONS & RINGS

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 SHRIRAM PISTONS & RINGS is calculated as :

Current Market Cap [ ₹10,828.2 Cr] as on Jun 09,2025

(/) Earnings [ ₹515.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.00x ]

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

Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 21.00 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 SHRIRAM PISTONS & RINGS !

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 SHRIRAM PISTONS & RINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of SHRIRAM PISTONS & RINGS


PE Ratio Performance Analysis for SHRIRAM PISTONS & RINGS

- SHRIRAM PISTONS & RINGS 's latest p/e ratio is 21.00x.

- SHRIRAM PISTONS & RINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 13.02x.

- SHRIRAM PISTONS & RINGS 's operated at median p/e ratio of 12.22x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHRIRAM PISTONS & RINGS 's p/e ratio peaked in Mar2021 at 20.07x.

- SHRIRAM PISTONS & RINGS 's p/e ratio hit its five-year low in Mar2023 of 3.78x.


How does SHRIRAM PISTONS & RINGS '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
SHRIRAM PISTONS & RINGS 515.5621.0010,828.2
BHARAT HEAVY ELECTRICALS LTD474.89189.3289,906.9
THERMAX LTD626.9467.7042,442.3
JYOTI CNC AUTOMATION LTD316.0189.2328,198.2
TRIVENI TURBINE LTD358.5053.8919,320.6
KIRLOSKAR BROTHERS LTD403.3035.9914,513.2
ELECON ENGINEERING COMPANY LTD406.9737.8415,399.5
PRAJ INDUSTRIES LTD218.9344.719,789.0
KIRLOSKAR OIL ENGINES LTD475.0927.9313,271.0
TEGA INDUSTRIES LTD195.6554.3710,636.7
INOX INDIA LTD226.0349.3211,146.7

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SHRIRAM PISTONS & RINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.00x
Max industry PE 189.32x
Median industry PE 49.32x
Average industry PE 61.03x



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