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ZENITH STEEL PIPES & INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of ZENITH STEEL PIPES & INDUSTRIES is -11.53.

Share Price ₹7.9May 18,2024
Market Cap ₹111.7 Cr
Earnings-TTM₹-9.7 CrTTM-Consolidated Results
Price/Earnings-11.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ZENITH STEEL PIPES & INDUSTRIES

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 ZENITH STEEL PIPES & INDUSTRIES is calculated as :

Current Market Cap [ ₹111.7 Cr] as on May 18,2024

(/) Earnings [ ₹-9.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -11.53x ]

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

Thus, for ZENITH STEEL PIPES & INDUSTRIES , the investors are currently willing to pay -11.53 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 ZENITH STEEL PIPES & INDUSTRIES !

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 ZENITH STEEL PIPES & INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of ZENITH STEEL PIPES & INDUSTRIES


PE Ratio Performance Analysis for ZENITH STEEL PIPES & INDUSTRIES

- ZENITH STEEL PIPES & INDUSTRIES 's latest p/e ratio is -11.53x.

- ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.58x.

- ZENITH STEEL PIPES & INDUSTRIES '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, ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio peaked in Mar2022 at 2.89x.

- ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does ZENITH STEEL PIPES & INDUSTRIES '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
ZENITH STEEL PIPES & INDUSTRIES -9.69-11.53111.7
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 ZENITH STEEL PIPES & INDUSTRIES '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 18.42x



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