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SURANA SOLAR
PE (Price/Earnings) Ratio

The Current P/E Ratio of SURANA SOLAR is -183.94.

Share Price ₹31.9Mar 28,2024
Market Cap ₹156.9 Cr
Earnings-TTM₹-0.9 CrTTM-Standalone Results
Price/Earnings-183.94xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SURANA SOLAR

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 SURANA SOLAR is calculated as :

Current Market Cap [ ₹156.9 Cr] as on Mar 28,2024

(/) Earnings [ ₹-0.9 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ -183.94x ]

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

Thus, for SURANA SOLAR , the investors are currently willing to pay -183.94 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 SURANA SOLAR !

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 SURANA SOLAR over the last five years.

Historical PE (Price/Earnings) ratio chart of SURANA SOLAR


PE Ratio Performance Analysis for SURANA SOLAR

- SURANA SOLAR 's latest p/e ratio is -183.94x.

- SURANA SOLAR 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 91.07x.

- SURANA SOLAR 's operated at median p/e ratio of 44.58x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SURANA SOLAR 's p/e ratio peaked in Mar2021 at 213.52x.

- SURANA SOLAR 's p/e ratio hit its five-year low in Mar2023 of 36.68x.


How does SURANA SOLAR 's P/E Ratio benchmark against top 10 peers in Electronics - Components Industry?

Peer Comparison (Electronics - Components Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SURANA SOLAR -0.85-183.94156.9
KAYNES TECHNOLOGY INDIA LTD143.43127.8618,339.1
SYRMA SGS TECHNOLOGY LTD121.9967.688,255.9
AVALON TECHNOLOGIES LTD43.6374.313,242.6
DCX SYSTEMS LTD83.9539.063,279.2
APOLLO MICRO SYSTEMS LTD25.39105.992,690.9
IKIO LIGHTING LTD68.9031.462,167.3
CENTUM ELECTRONICS LTD28.6975.452,164.7
WEBSOL ENERGY SYSTEM LTD-71.83-28.642,057.1
SWELECT ENERGY SYSTEMS LTD33.7342.881,446.2
KERNEX MICROSYSTEMS (INDIA) LTD-17.52-53.35934.5

Electronics - Components Industry Benchmark (Top 10) PE Analysis vs SURANA SOLAR 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -183.94x
Max industry PE 127.86x
Median industry PE 42.88x
Average industry PE 27.16x



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