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JAI BALAJI INDUSTRIES
PS (Price/Sales) Ratio

The Current P/S Ratio of JAI BALAJI INDUSTRIES is 2.76.

Share Price ₹1,027.8Apr 30,2024
Market Cap ₹17,728.7 Cr
Sales-TTM₹6,413.8 CrTTM-Consolidated Results
Price/Sales2.76xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of JAI BALAJI 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 JAI BALAJI INDUSTRIES is calculated as :

Current Market Cap [ ₹17,728.7 Cr] as on Apr 30,2024

(/) Sales [ ₹6,413.8 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 2.76x ]

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

Thus, for JAI BALAJI INDUSTRIES , the investors are currently willing to pay '2.76 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 JAI BALAJI INDUSTRIES !

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

Historical PS (Price/Sales) ratio chart of JAI BALAJI INDUSTRIES


PS Ratio Performance Analysis for JAI BALAJI INDUSTRIES

- JAI BALAJI INDUSTRIES 's latest p/e ratio is 2.76x.

- JAI BALAJI INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.10x.

- JAI BALAJI INDUSTRIES 's operated at median p/e ratio of 0.1x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JAI BALAJI INDUSTRIES 's p/e ratio peaked in Mar2021 at 0.15x.

- JAI BALAJI INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 0.06x.


How does JAI BALAJI INDUSTRIES 's P/S Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?

Peer Comparison (Steel/Sponge Iron/Pig Iron Industry)Sales (Cr)PS RatioMarket Cap (Cr)
JAI BALAJI INDUSTRIES 6,413.82.7617,728.7
JINDAL STEEL & POWER LTD50,231.81.8994,980.4
LLOYDS METALS & ENERGY LTD5,843.66.4337,593.4
STEEL EXCHANGE INDIA LTD1,175.21.441,687.5
SURAJ PRODUCTS LTD355.32.37841.3
SAL STEEL LTD552.50.31169.1
KIC METALIKS LTD831.30.23188.8
BIHAR SPONGE IRON LTD305.40.43129.9
VASWANI INDUSTRIES LTD410.40.27110.1

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PS Analysis vs JAI BALAJI INDUSTRIES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.23x
Max industry PS 6.43x
Median industry PS 1.44x
Average industry PS 1.79x



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