SHRIRAM PISTONS & RINGS
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The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 23.35.
| Share Price | ₹2,940.8 | Mar 16,2026 |
| Market Cap | ₹12,939.3 Cr | |
| Earnings-TTM | ₹554.2 Cr | TTM-Consolidated Results |
| Price/Earnings | 23.35x | 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 [ ₹12,939.3 Cr] as on Mar 16,2026
(/) Earnings [ ₹554.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 23.35x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 23.35 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 | 23.35 | 12,939.3 |
| BHARAT HEAVY ELECTRICALS LTD | 760.05 | 116.14 | 88,270.3 |
| THERMAX LTD | 681.12 | 57.18 | 38,945.1 |
| JYOTI CNC AUTOMATION LTD | 354.40 | 45.32 | 16,062.9 |
| TRIVENI TURBINE LTD | 343.10 | 42.87 | 14,708.9 |
| KIRLOSKAR BROTHERS LTD | 380.50 | 31.70 | 12,061.0 |
| ELECON ENGINEERING COMPANY LTD | 478.54 | 17.65 | 8,446.4 |
| PRAJ INDUSTRIES LTD | 52.05 | 104.17 | 5,422.5 |
| KIRLOSKAR OIL ENGINES LTD | 529.06 | 40.32 | 21,329.3 |
| TEGA INDUSTRIES LTD | 195.99 | 65.94 | 12,923.8 |
| INOX INDIA LTD | 248.16 | 41.84 | 10,382.4 |
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 | 17.65x |
| Max industry PE | 116.14x |
| Median industry PE | 42.87x |
| Average industry PE | 53.32x |
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