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GARG FURNACE
PE (Price/Earnings) Ratio

The Current P/E Ratio of GARG FURNACE is 19.69.

Share Price ₹249.2Jan 15,2025
Market Cap ₹134.6 Cr
Earnings-TTM₹6.8 CrTTM-Standalone Results
Price/Earnings19.69xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of GARG FURNACE

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 GARG FURNACE is calculated as :

Current Market Cap [ ₹134.6 Cr] as on Jan 15,2025

(/) Earnings [ ₹6.8 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 19.69x ]

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

Thus, for GARG FURNACE , the investors are currently willing to pay 19.69 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 GARG FURNACE !

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 GARG FURNACE over the last five years.

Historical PE (Price/Earnings) ratio chart of GARG FURNACE


PE Ratio Performance Analysis for GARG FURNACE

- GARG FURNACE 's latest p/e ratio is 19.69x.

- GARG FURNACE 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 6.94x.

- GARG FURNACE 's operated at median p/e ratio of 2.38x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, GARG FURNACE 's p/e ratio peaked in Mar2024 at 28.08x.

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


How does GARG FURNACE 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
GARG FURNACE 6.8319.69134.6
JSW STEEL LTD5,231.0042.27221,106.0
TATA STEEL LTD2,576.6861.31157,978.0
JINDAL STAINLESS LTD2,435.4020.8050,645.4
STEEL AUTHORITY OF INDIA LTD1,985.5121.8743,432.5
APL APOLLO TUBES LTD582.9371.9841,960.3
MOTHERSON SUMI WIRING INDIA LTD660.2537.3424,656.5
RATNAMANI METALS & TUBES LTD531.1439.5421,000.6
SHYAM METALICS AND ENERGY LTD837.3924.8420,796.7
WELSPUN CORP LTD849.1023.5119,960.8
JINDAL SAW LTD1,872.138.5916,083.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs GARG FURNACE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 8.59x
Max industry PE 71.98x
Median industry PE 24.84x
Average industry PE 33.79x



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