TIRUPATI FORGE
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The Current P/E Ratio of TIRUPATI FORGE is 26.71.
Share Price | ₹18.7 | Apr 19,2024 |
Market Cap | ₹183.3 Cr | |
Earnings-TTM | ₹6.9 Cr | TTM-Standalone Results |
Price/Earnings | 26.71x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TIRUPATI FORGE
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹183.3 Cr] as on Apr 19,2024
(/) Earnings [ ₹6.9 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 26.71x ]
Thus, for TIRUPATI FORGE , the investors are currently willing to pay 26.71 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 TIRUPATI FORGE !
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 TIRUPATI FORGE over the last five years.
Historical PE (Price/Earnings) ratio chart of TIRUPATI FORGE
PE Ratio Performance Analysis for TIRUPATI FORGE
- TIRUPATI FORGE 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.33x.
- TIRUPATI FORGE 's operated at median p/e ratio of 9.46x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TIRUPATI FORGE 's p/e ratio peaked in Mar2022 at 16.77x.
- TIRUPATI FORGE 's p/e ratio hit its five-year low in Mar2019 of 0.47x.
How does TIRUPATI FORGE 's P/E Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TIRUPATI FORGE | 6.86 | 26.71 | 183.3 |
BHARAT FORGE LTD | 806.53 | 68.87 | 55,549.4 |
CIE AUTOMOTIVE INDIA LTD | 562.34 | 32.67 | 18,372.5 |
RAMKRISHNA FORGINGS LTD | 316.54 | 44.18 | 13,985.7 |
MM FORGINGS LTD | 127.92 | 19.97 | 2,554.6 |
LGB FORGE LTD | -8.31 | -29.12 | 242.0 |
HILTON METAL FORGING LTD | 8.63 | 28.43 | 245.3 |
KALYANI FORGE LTD | 4.61 | 34.30 | 158.0 |
SAMRAT FORGINGS LTD | 3.40 | 42.95 | 146.1 |
GANGA FORGING LTD | 1.94 | 61.52 | 119.4 |
Forgings Industry Benchmark (Top 10) PE Analysis vs TIRUPATI FORGE 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -29.12x |
Max industry PE | 68.87x |
Median industry PE | 34.30x |
Average industry PE | 33.05x |
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