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BAJAJ STEEL INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of BAJAJ STEEL INDUSTRIES is 20.21.

Share Price ₹3,294.1Oct 31,2024
Market Cap ₹1,712.9 Cr
Earnings-TTM₹84.7 CrTTM-Consolidated Results
Price/Earnings20.21xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of BAJAJ STEEL 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 BAJAJ STEEL INDUSTRIES is calculated as :

Current Market Cap [ ₹1,712.9 Cr] as on Oct 31,2024

(/) Earnings [ ₹84.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 20.21x ]

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

Thus, for BAJAJ STEEL INDUSTRIES , the investors are currently willing to pay 20.21 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 BAJAJ STEEL 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 BAJAJ STEEL INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of BAJAJ STEEL INDUSTRIES


PE Ratio Performance Analysis for BAJAJ STEEL INDUSTRIES

- BAJAJ STEEL INDUSTRIES 's latest p/e ratio is 20.21x.

- BAJAJ STEEL INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 6.48x.

- BAJAJ STEEL INDUSTRIES 's operated at median p/e ratio of 8.22x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BAJAJ STEEL INDUSTRIES 's p/e ratio peaked in Mar2024 at 10.14x.

- BAJAJ STEEL INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 1.63x.


How does BAJAJ STEEL INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
BAJAJ STEEL INDUSTRIES 84.7420.211,712.9
BHARAT ELECTRONICS LTD4,498.6546.28208,219.0
BHARAT HEAVY ELECTRICALS LTD168.85492.9783,238.7
THERMAX LTD693.5184.6358,691.6
TRIVENI TURBINE LTD288.7276.2022,001.8
KIRLOSKAR OIL ENGINES LTD469.2935.4516,638.0
ELECON ENGINEERING COMPANY LTD346.7837.1912,896.3
PRAJ INDUSTRIES LTD300.3645.1313,555.3
SHRIRAM PISTONS & RINGS LTD467.2720.369,515.6
KIRLOSKAR BROTHERS LTD391.9039.1015,325.1
TEGA INDUSTRIES LTD204.4962.6512,812.1

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs BAJAJ STEEL INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 20.21x
Max industry PE 492.97x
Median industry PE 45.13x
Average industry PE 87.29x



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