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JINDAL STAINLESS
PS (Price/Sales) Ratio

The Current P/S Ratio of JINDAL STAINLESS is 1.53.

Share Price ₹724.7Apr 23,2024
Market Cap ₹59,667.7 Cr
Sales-TTM₹38,873.5 CrTTM-Consolidated Results
Price/Sales1.53xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of JINDAL STAINLESS

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 JINDAL STAINLESS is calculated as :

Current Market Cap [ ₹59,667.7 Cr] as on Apr 23,2024

(/) Sales [ ₹38,873.5 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.53x ]

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

Thus, for JINDAL STAINLESS , the investors are currently willing to pay '1.53 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 JINDAL STAINLESS !

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

Historical PS (Price/Sales) ratio chart of JINDAL STAINLESS


PS Ratio Performance Analysis for JINDAL STAINLESS

- JINDAL STAINLESS 's latest p/e ratio is 1.53x.

- JINDAL STAINLESS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.30x.

- JINDAL STAINLESS 's operated at median p/e ratio of 0.27x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JINDAL STAINLESS 's p/e ratio peaked in Mar2023 at 0.67x.

- JINDAL STAINLESS 's p/e ratio hit its five-year low in Mar2020 of 0.09x.


How does JINDAL STAINLESS '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)
JINDAL STAINLESS 38,873.51.5359,667.7
JSW STEEL LTD175,699.01.18208,182.0
TATA STEEL LTD233,445.00.86201,108.0
STEEL AUTHORITY OF INDIA LTD106,550.00.5962,887.2
APL APOLLO TUBES LTD17,784.22.4543,503.4
MOTHERSON SUMI WIRING INDIA LTD7,945.13.9631,469.4
RATNAMANI METALS & TUBES LTD5,062.53.9920,179.8
SHYAM METALICS AND ENERGY LTD12,942.91.3217,031.2
WELSPUN CORP LTD16,948.60.8714,699.1
JINDAL SAW LTD20,720.00.7715,874.2
MAHARASHTRA SEAMLESS LTD5,822.12.0211,783.2

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.59x
Max industry PS 3.99x
Median industry PS 1.32x
Average industry PS 1.78x



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