DREDGING CORPORATION OF INDIA
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The Current P/E Ratio of DREDGING CORPORATION OF INDIA is -22.32.
Share Price | ₹576.6 | Apr 03,2025 |
Market Cap | ₹1,614.5 Cr | |
Earnings-TTM | ₹-72.3 Cr | TTM-Standalone Results |
Price/Earnings | -22.32x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of DREDGING CORPORATION OF INDIA
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,614.5 Cr] as on Apr 03,2025
(/) Earnings [ ₹-72.3 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ -22.32x ]
Thus, for DREDGING CORPORATION OF INDIA , the investors are currently willing to pay -22.32 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 DREDGING CORPORATION OF INDIA !
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 DREDGING CORPORATION OF INDIA over the last five years.
Historical PE (Price/Earnings) ratio chart of DREDGING CORPORATION OF INDIA
PE Ratio Performance Analysis for DREDGING CORPORATION OF INDIA
- DREDGING CORPORATION OF INDIA 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 74.88x.
- DREDGING CORPORATION OF INDIA 's operated at median p/e ratio of 52.81x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, DREDGING CORPORATION OF INDIA 's p/e ratio peaked in Mar2022 at 247.51x.
- DREDGING CORPORATION OF INDIA 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does DREDGING CORPORATION OF INDIA 's P/E Ratio benchmark against top 10 peers in Shipping Industry?
Peer Comparison (Shipping Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
DREDGING CORPORATION OF INDIA | -72.32 | -22.32 | 1,614.5 |
THE GREAT EASTERN SHIPPING COMPANY LTD | 2,886.25 | 4.48 | 12,940.4 |
SHIPPING CORPORATION OF INDIA LTD | 932.42 | 8.58 | 8,004.8 |
SHIPPING CORPORATION OF INDIA LAND AND ASSETS LTD | 43.30 | 52.39 | 2,268.4 |
SEAMEC LTD | 99.63 | 26.09 | 2,598.9 |
TRANSWORLD SHIPPING LINES LTD | 40.91 | 14.40 | 588.9 |
ESSAR SHIPPING LTD | 590.60 | 0.87 | 515.8 |
GLOBAL OFFSHORE SERVICES LTD | 54.29 | 4.45 | 241.5 |
Shipping Industry Benchmark (Top 10) PE Analysis vs DREDGING CORPORATION OF INDIA 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -22.32x |
Max industry PE | 52.39x |
Median industry PE | 8.58x |
Average industry PE | 11.12x |
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