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TIRUPATI FORGE
PE (Price/Earnings) Ratio

The Current P/E Ratio of TIRUPATI FORGE is 26.71.

Share Price ₹18.7Apr 19,2024
Market Cap ₹183.3 Cr
Earnings-TTM₹6.9 CrTTM-Standalone Results
Price/Earnings26.71xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TIRUPATI FORGE

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 TIRUPATI FORGE is calculated as :

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 ]

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

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 latest p/e ratio is 26.71x.

- 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 RatioMarket Cap
TIRUPATI FORGE 6.8626.71183.3
BHARAT FORGE LTD806.5368.8755,549.4
CIE AUTOMOTIVE INDIA LTD562.3432.6718,372.5
RAMKRISHNA FORGINGS LTD316.5444.1813,985.7
MM FORGINGS LTD127.9219.972,554.6
LGB FORGE LTD-8.31-29.12242.0
HILTON METAL FORGING LTD8.6328.43245.3
KALYANI FORGE LTD4.6134.30158.0
SAMRAT FORGINGS LTD3.4042.95146.1
GANGA FORGING LTD1.9461.52119.4

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

Top 10 Industry PeersPE 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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