BAJAJ STEEL INDUSTRIES
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The Current P/E Ratio of BAJAJ STEEL INDUSTRIES is 18.01.
Share Price | ₹737.4 | Nov 29,2024 |
Market Cap | ₹1,533.7 Cr | |
Earnings-TTM | ₹85.2 Cr | TTM-Consolidated Results |
Price/Earnings | 18.01x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of BAJAJ STEEL INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,533.7 Cr] as on Nov 29,2024
(/) Earnings [ ₹85.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.01x ]
Thus, for BAJAJ STEEL INDUSTRIES , the investors are currently willing to pay 18.01 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 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 Ratio | Market Cap |
---|---|---|---|
BAJAJ STEEL INDUSTRIES | 85.17 | 18.01 | 1,533.7 |
BHARAT ELECTRONICS LTD | 4,498.65 | 50.02 | 225,032.0 |
BHARAT HEAVY ELECTRICALS LTD | 168.85 | 517.82 | 87,434.6 |
THERMAX LTD | 732.69 | 74.68 | 54,719.0 |
TRIVENI TURBINE LTD | 315.52 | 77.37 | 24,411.4 |
KIRLOSKAR OIL ENGINES LTD | 515.82 | 31.57 | 16,283.1 |
ELECON ENGINEERING COMPANY LTD | 346.78 | 37.90 | 13,142.0 |
PRAJ INDUSTRIES LTD | 300.36 | 50.37 | 15,129.7 |
SHRIRAM PISTONS & RINGS LTD | 467.27 | 20.34 | 9,504.9 |
KIRLOSKAR BROTHERS LTD | 391.90 | 46.17 | 18,093.7 |
TEGA INDUSTRIES LTD | 164.03 | 69.84 | 11,456.8 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs BAJAJ STEEL INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 18.01x |
Max industry PE | 517.82x |
Median industry PE | 50.02x |
Average industry PE | 90.37x |
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