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ELECTROSTEEL CASTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of ELECTROSTEEL CASTINGS is 9.99.

Share Price ₹124.2Feb 01,2025
Market Cap ₹7,678.0 Cr
Earnings-TTM₹768.6 CrTTM-Consolidated Results
Price/Earnings9.99xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of ELECTROSTEEL CASTINGS

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 ELECTROSTEEL CASTINGS is calculated as :

Current Market Cap [ ₹7,678.0 Cr] as on Feb 01,2025

(/) Earnings [ ₹768.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 9.99x ]

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

Thus, for ELECTROSTEEL CASTINGS , the investors are currently willing to pay 9.99 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 ELECTROSTEEL CASTINGS !

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 ELECTROSTEEL CASTINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of ELECTROSTEEL CASTINGS


PE Ratio Performance Analysis for ELECTROSTEEL CASTINGS

- ELECTROSTEEL CASTINGS 's latest p/e ratio is 9.99x.

- ELECTROSTEEL CASTINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 6.03x.

- ELECTROSTEEL CASTINGS 's operated at median p/e ratio of 6.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELECTROSTEEL CASTINGS 's p/e ratio peaked in Mar2024 at 14.9x.

- ELECTROSTEEL CASTINGS 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does ELECTROSTEEL CASTINGS 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
ELECTROSTEEL CASTINGS 768.559.997,678.0
AIA ENGINEERING LTD1,052.8432.5434,263.0
PTC INDUSTRIES LTD45.00490.0722,053.7
KIRLOSKAR FERROUS INDUSTRIES LTD270.4533.769,129.4
ALICON CASTALLOY LTD73.1321.341,560.5
STEELCAST LTD64.1428.781,846.1
NELCAST LTD28.8131.61910.9
UNI ABEX ALLOY PRODUCTS LTD29.5417.16507.0
SYNERGY GREEN INDUSTRIES LTD12.9847.92622.0
NITIN CASTINGS LTD13.4721.83294.2
INVESTMENT & PRECISION CASTINGS LTD4.8685.11413.5

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs ELECTROSTEEL CASTINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 9.99x
Max industry PE 490.07x
Median industry PE 31.61x
Average industry PE 74.56x



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