SHRIRAM PISTONS & RINGS
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The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 21.19.
Share Price | ₹1,991.5 | May 02,2024 |
Market Cap | ₹8,762.6 Cr | |
Earnings-TTM | ₹413.6 Cr | TTM-Consolidated Results |
Price/Earnings | 21.19x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SHRIRAM PISTONS & RINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹8,762.6 Cr] as on May 02,2024
(/) Earnings [ ₹413.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.19x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 21.19 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 p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 13.19x.
- 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 7.56x.
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 Ratio | Market Cap |
---|---|---|---|
SHRIRAM PISTONS & RINGS | 413.60 | 21.19 | 8,762.6 |
BHARAT ELECTRONICS LTD | 3,523.83 | 48.69 | 171,561.0 |
BHARAT HEAVY ELECTRICALS LTD | -183.06 | -556.66 | 101,903.0 |
THERMAX LTD | 612.47 | 91.30 | 55,920.1 |
TRIVENI TURBINE LTD | 249.26 | 71.28 | 17,766.1 |
KIRLOSKAR OIL ENGINES LTD | 370.41 | 39.97 | 14,803.5 |
ELECON ENGINEERING COMPANY LTD | 349.18 | 36.57 | 12,768.4 |
PRAJ INDUSTRIES LTD | 279.57 | 36.03 | 10,073.0 |
KIRLOSKAR BROTHERS LTD | 287.60 | 37.48 | 10,780.2 |
TEGA INDUSTRIES LTD | 177.45 | 59.44 | 10,547.5 |
ION EXCHANGE (INDIA) LTD | 202.23 | 40.58 | 8,206.7 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SHRIRAM PISTONS & RINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -556.66x |
Max industry PE | 91.30x |
Median industry PE | 39.97x |
Average industry PE | -6.74x |
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