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SHRIRAM PISTONS & RINGS
PS (Price/Sales) Ratio

The Current P/S Ratio of SHRIRAM PISTONS & RINGS is 3.13.

Share Price ₹2,089.9Apr 26,2024
Market Cap ₹9,195.6 Cr
Sales-TTM₹2,934.8 CrTTM-Consolidated Results
Price/Sales3.13xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of SHRIRAM PISTONS & RINGS

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 SHRIRAM PISTONS & RINGS is calculated as :

Current Market Cap [ ₹9,195.6 Cr] as on Apr 26,2024

(/) Sales [ ₹2,934.8 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 3.13x ]

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

Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay '3.13 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 SHRIRAM PISTONS & RINGS !

The chart below summarizes the trend in P/S Ratio of SHRIRAM PISTONS & RINGS over the last five years.

Historical PS (Price/Sales) ratio chart of SHRIRAM PISTONS & RINGS


PS Ratio Performance Analysis for SHRIRAM PISTONS & RINGS

- SHRIRAM PISTONS & RINGS 's latest p/e ratio is 3.13x.

- SHRIRAM PISTONS & RINGS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.89x.

- SHRIRAM PISTONS & RINGS 's operated at median p/e ratio of 0.85x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHRIRAM PISTONS & RINGS 's p/e ratio peaked in Mar2019 at 1.18x.

- SHRIRAM PISTONS & RINGS 's p/e ratio hit its five-year low in Mar2020 of 0.56x.


How does SHRIRAM PISTONS & RINGS 's P/S Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Sales (Cr)PS RatioMarket Cap (Cr)
SHRIRAM PISTONS & RINGS 2,934.83.139,195.6
BHARAT ELECTRONICS LTD18,183.39.60174,631.0
BHARAT HEAVY ELECTRICALS LTD23,859.54.0797,079.9
THERMAX LTD8,870.65.8752,032.6
TRIVENI TURBINE LTD1,565.710.8717,023.9
KIRLOSKAR OIL ENGINES LTD5,622.12.6314,794.8
ELECON ENGINEERING COMPANY LTD1,937.46.5412,661.8
PRAJ INDUSTRIES LTD3,451.72.789,611.6
KIRLOSKAR BROTHERS LTD3,902.02.6410,299.7
TEGA INDUSTRIES LTD1,382.17.2710,044.2
ION EXCHANGE (INDIA) LTD2,213.53.638,035.9

Engineering - Industrial Equipments Industry Benchmark (Top 10) PS Analysis vs SHRIRAM PISTONS & RINGS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 2.63x
Max industry PS 10.87x
Median industry PS 4.07x
Average industry PS 5.37x



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