SHRIRAM PISTONS & RINGS
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The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 23.36.
| Share Price | ₹2,942.8 | Mar 23,2026 |
| Market Cap | ₹12,948.3 Cr | |
| Earnings-TTM | ₹554.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 23.36x | Calculated as Market Cap/Earnings |
|---|---|---|
| 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 [ ₹12,948.3 Cr] as on Mar 23,2026
(/) Earnings [ ₹554.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.36x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 23.36 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 Mar2025 to Mar2021 averaged 10.90x.
- SHRIRAM PISTONS & RINGS 's operated at median p/e ratio of 10.04x 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 Mar2024 at 19.52x.
- 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 Ratio | Market Cap |
|---|---|---|---|
| SHRIRAM PISTONS & RINGS | 554.24 | 23.36 | 12,948.3 |
| BHARAT HEAVY ELECTRICALS LTD | 760.05 | 115.79 | 88,009.1 |
| THERMAX LTD | 681.12 | 54.19 | 36,909.9 |
| JYOTI CNC AUTOMATION LTD | 354.40 | 46.36 | 16,431.3 |
| TRIVENI TURBINE LTD | 343.10 | 40.31 | 13,831.5 |
| KIRLOSKAR BROTHERS LTD | 380.50 | 30.95 | 11,775.2 |
| ELECON ENGINEERING COMPANY LTD | 478.54 | 17.77 | 8,505.9 |
| PRAJ INDUSTRIES LTD | 52.05 | 110.28 | 5,740.5 |
| KIRLOSKAR OIL ENGINES LTD | 529.06 | 35.33 | 18,693.9 |
| TEGA INDUSTRIES LTD | 195.99 | 60.78 | 11,912.6 |
| INOX INDIA LTD | 248.16 | 42.48 | 10,540.8 |
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 | 17.77x |
| Max industry PE | 115.79x |
| Median industry PE | 42.48x |
| Average industry PE | 52.51x |
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