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INCREDIBLE INDUSTRIES
PS (Price/Sales) Ratio

The Current P/S Ratio of INCREDIBLE INDUSTRIES is 0.23.

Share Price ₹39.0Apr 22,2024
Market Cap ₹182.4 Cr
Sales-TTM₹804.7 CrTTM-Standalone Results
Price/Sales0.23xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of INCREDIBLE INDUSTRIES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of INCREDIBLE INDUSTRIES is calculated as :

Current Market Cap [ ₹182.4 Cr] as on Apr 22,2024

(/) Sales [ ₹804.7 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 0.23x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay '0.23 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of INCREDIBLE INDUSTRIES !

The chart below summarizes the trend in P/S Ratio of INCREDIBLE INDUSTRIES over the last five years.

Historical PS (Price/Sales) ratio chart of INCREDIBLE INDUSTRIES


PS Ratio Performance Analysis for INCREDIBLE INDUSTRIES

- INCREDIBLE INDUSTRIES 's latest p/e ratio is 0.23x.

- INCREDIBLE INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.21x.

- INCREDIBLE INDUSTRIES 's operated at median p/e ratio of 0.18x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INCREDIBLE INDUSTRIES 's p/e ratio peaked in Mar2019 at 0.39x.

- INCREDIBLE INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 0.12x.


How does INCREDIBLE INDUSTRIES 's P/S Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
INCREDIBLE INDUSTRIES 804.70.23182.4
JSW STEEL LTD175,699.01.19209,111.0
TATA STEEL LTD233,445.00.87202,045.0
JINDAL STAINLESS LTD38,873.51.5158,628.5
STEEL AUTHORITY OF INDIA LTD106,550.00.5761,255.7
APL APOLLO TUBES LTD17,784.22.4242,989.9
MOTHERSON SUMI WIRING INDIA LTD7,945.13.8730,744.4
RATNAMANI METALS & TUBES LTD5,062.54.0120,282.2
SHYAM METALICS AND ENERGY LTD12,942.91.3116,978.2
WELSPUN CORP LTD16,948.60.8514,402.2
JINDAL SAW LTD20,720.00.7615,730.3

Steel & Iron Products Industry Benchmark (Top 10) PS Analysis vs INCREDIBLE INDUSTRIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.23x
Max industry PS 4.01x
Median industry PS 1.19x
Average industry PS 1.60x



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