INCREDIBLE INDUSTRIES
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The Current P/E Ratio of INCREDIBLE INDUSTRIES is 26.03.
Share Price | ₹43.0 | Jan 29,2025 |
Market Cap | ₹201.1 Cr | |
Earnings-TTM | ₹7.7 Cr | TTM-Standalone Results |
Price/Earnings | 26.03x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of INCREDIBLE INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹201.1 Cr] as on Jan 29,2025
(/) Earnings [ ₹7.7 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 26.03x ]
Thus, for INCREDIBLE INDUSTRIES , the investors are currently willing to pay 26.03 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 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 Ratio | Market Cap |
---|---|---|---|
INCREDIBLE INDUSTRIES | 7.73 | 26.03 | 201.1 |
JSW STEEL LTD | 3,478.00 | 65.94 | 229,322.0 |
TATA STEEL LTD | 2,376.45 | 68.71 | 163,284.0 |
JINDAL STAINLESS LTD | 2,426.03 | 21.64 | 52,507.1 |
STEEL AUTHORITY OF INDIA LTD | 1,985.51 | 21.71 | 43,102.0 |
APL APOLLO TUBES LTD | 634.39 | 66.64 | 42,276.7 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 36.33 | 23,984.5 |
RATNAMANI METALS & TUBES LTD | 531.14 | 38.24 | 20,313.0 |
SHYAM METALICS AND ENERGY LTD | 908.92 | 22.73 | 20,659.9 |
WELSPUN CORP LTD | 849.10 | 22.99 | 19,517.5 |
JINDAL SAW LTD | 1,831.36 | 8.62 | 15,779.9 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs INCREDIBLE INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 8.62x |
Max industry PE | 68.71x |
Median industry PE | 26.03x |
Average industry PE | 36.32x |
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