Home > PE Ratio > INCREDIBLE INDUSTRIES

INCREDIBLE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of INCREDIBLE INDUSTRIES is 26.64.

Share Price ₹44.0Jan 13,2025
Market Cap ₹205.8 Cr
Earnings-TTM₹7.7 CrTTM-Standalone Results
Price/Earnings26.64xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for INCREDIBLE INDUSTRIES
Please provide your vote to see the results
INCREDIBLE INDUSTRIES is part of below Screeners ↓
Top Small Cap Stocks with Best Fundamentals

Definition & Calculation of PE (Price/Earnings) ratio of INCREDIBLE 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 INCREDIBLE INDUSTRIES is calculated as :

Current Market Cap [ ₹205.8 Cr] as on Jan 13,2025

(/) Earnings [ ₹7.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 26.64x ]

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

Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay 26.64 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 INCREDIBLE 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 INCREDIBLE INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of INCREDIBLE INDUSTRIES


PE Ratio Performance Analysis for INCREDIBLE INDUSTRIES

- INCREDIBLE INDUSTRIES 's latest p/e ratio is 26.64x.

- INCREDIBLE INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 36.05x.

- INCREDIBLE INDUSTRIES 's operated at median p/e ratio of 27.52x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INCREDIBLE INDUSTRIES 's p/e ratio peaked in Mar2020 at 82.56x.

- INCREDIBLE INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 17.65x.


How does INCREDIBLE INDUSTRIES '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
INCREDIBLE INDUSTRIES 7.7326.64205.8
JSW STEEL LTD5,231.0041.29215,970.0
TATA STEEL LTD2,576.6859.57153,484.0
JINDAL STAINLESS LTD2,435.4020.5550,052.2
STEEL AUTHORITY OF INDIA LTD1,985.5120.8041,305.2
APL APOLLO TUBES LTD582.9367.8039,522.3
MOTHERSON SUMI WIRING INDIA LTD660.2537.0124,435.5
RATNAMANI METALS & TUBES LTD531.1439.9121,197.6
SHYAM METALICS AND ENERGY LTD837.3925.5021,355.0
WELSPUN CORP LTD849.1022.2918,927.2
JINDAL SAW LTD1,872.138.2215,396.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 8.22x
Max industry PE 67.80x
Median industry PE 26.64x
Average industry PE 33.60x



You may also like the below Video Courses