STEELCAST
|
The Current P/E Ratio of STEELCAST is 17.02.
Share Price | ₹639.2 | Apr 18,2024 |
Market Cap | ₹1,291.1 Cr | |
Earnings-TTM | ₹75.8 Cr | TTM-Standalone Results |
Price/Earnings | 17.02x | Calculated as Market Cap/Earnings |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of STEELCAST
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,291.1 Cr] as on Apr 18,2024
(/) Earnings [ ₹75.8 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 17.02x ]
Thus, for STEELCAST , the investors are currently willing to pay 17.02 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 STEELCAST !
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 STEELCAST over the last five years.
Historical PE (Price/Earnings) ratio chart of STEELCAST
PE Ratio Performance Analysis for STEELCAST
- STEELCAST 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 17.93x.
- STEELCAST 's operated at median p/e ratio of 19.78x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, STEELCAST 's p/e ratio peaked in Mar2021 at 23.54x.
- STEELCAST 's p/e ratio hit its five-year low in Mar2019 of 11.99x.
How does STEELCAST 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?
Peer Comparison (Castings/Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
STEELCAST | 75.84 | 17.02 | 1,291.1 |
AIA ENGINEERING LTD | 1,143.42 | 31.54 | 36,060.1 |
PTC INDUSTRIES LTD | 36.70 | 309.40 | 11,355.6 |
ELECTROSTEEL CASTINGS LTD | 602.50 | 19.34 | 11,649.7 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 374.49 | 22.70 | 8,499.9 |
ALICON CASTALLOY LTD | 50.45 | 28.41 | 1,433.3 |
NELCAST LTD | 53.83 | 24.57 | 1,322.9 |
UNI ABEX ALLOY PRODUCTS LTD | 38.60 | 14.71 | 567.6 |
SYNERGY GREEN INDUSTRIES LTD | 11.74 | 40.86 | 479.8 |
NITIN CASTINGS LTD | 10.51 | 30.86 | 324.3 |
INVESTMENT & PRECISION CASTINGS LTD | 9.98 | 29.96 | 299.1 |
Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs STEELCAST 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.71x |
Max industry PE | 309.40x |
Median industry PE | 28.41x |
Average industry PE | 51.76x |
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