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STEELCAST
PE (Price/Earnings) Ratio

The Current P/E Ratio of STEELCAST is 17.02.

Share Price ₹639.2Apr 18,2024
Market Cap ₹1,291.1 Cr
Earnings-TTM₹75.8 CrTTM-Standalone Results
Price/Earnings17.02xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of STEELCAST

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 STEELCAST is calculated as :

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 ]

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

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 latest p/e ratio is 17.02x.

- 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 RatioMarket Cap
STEELCAST 75.8417.021,291.1
AIA ENGINEERING LTD1,143.4231.5436,060.1
PTC INDUSTRIES LTD36.70309.4011,355.6
ELECTROSTEEL CASTINGS LTD602.5019.3411,649.7
KIRLOSKAR FERROUS INDUSTRIES LTD374.4922.708,499.9
ALICON CASTALLOY LTD50.4528.411,433.3
NELCAST LTD53.8324.571,322.9
UNI ABEX ALLOY PRODUCTS LTD38.6014.71567.6
SYNERGY GREEN INDUSTRIES LTD11.7440.86479.8
NITIN CASTINGS LTD10.5130.86324.3
INVESTMENT & PRECISION CASTINGS LTD9.9829.96299.1

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs STEELCAST 's P/E Ratio

Top 10 Industry PeersPE 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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