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TULSYAN NEC
PE (Price/Earnings) Ratio

The Current P/E Ratio of TULSYAN NEC is -1.54.

Share Price ₹99.6May 18,2024
Market Cap ₹149.4 Cr
Earnings-TTM₹-96.7 CrTTM-Consolidated Results
Price/Earnings-1.54xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TULSYAN NEC

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 TULSYAN NEC is calculated as :

Current Market Cap [ ₹149.4 Cr] as on May 18,2024

(/) Earnings [ ₹-96.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -1.54x ]

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

Thus, for TULSYAN NEC , the investors are currently willing to pay -1.54 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 TULSYAN NEC !

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 TULSYAN NEC over the last five years.

Historical PE (Price/Earnings) ratio chart of TULSYAN NEC


PE Ratio Performance Analysis for TULSYAN NEC

- TULSYAN NEC 's latest p/e ratio is -1.54x.

- TULSYAN NEC 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.08x.

- TULSYAN NEC 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TULSYAN NEC 's p/e ratio peaked in Mar2023 at 0.39x.

- TULSYAN NEC 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does TULSYAN NEC 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TULSYAN NEC -96.71-1.54149.4
JSW STEEL LTD9,145.0023.83217,890.0
TATA STEEL LTD-3,899.20-53.75209,597.0
JINDAL STAINLESS LTD2,640.3521.9457,936.9
STEEL AUTHORITY OF INDIA LTD2,533.0127.5869,867.8
APL APOLLO TUBES LTD732.4463.2546,324.4
MOTHERSON SUMI WIRING INDIA LTD638.3147.9230,589.7
RATNAMANI METALS & TUBES LTD625.1036.9923,121.6
SHYAM METALICS AND ENERGY LTD1,062.7916.9217,977.5
WELSPUN CORP LTD894.1618.4016,453.6
JINDAL SAW LTD1,591.8911.1017,668.0

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs TULSYAN NEC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -53.75x
Max industry PE 63.25x
Median industry PE 21.94x
Average industry PE 19.33x



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