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JAI BALAJI INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JAI BALAJI INDUSTRIES is 19.94.

Share Price ₹950.3Dec 03,2024
Market Cap ₹17,342.1 Cr
Earnings-TTM₹869.6 CrTTM-Consolidated Results
Price/Earnings19.94xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JAI BALAJI 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 JAI BALAJI INDUSTRIES is calculated as :

Current Market Cap [ ₹17,342.1 Cr] as on Dec 03,2024

(/) Earnings [ ₹869.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 19.94x ]

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

Thus, for JAI BALAJI INDUSTRIES , the investors are currently willing to pay 19.94 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 JAI BALAJI 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 JAI BALAJI INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of JAI BALAJI INDUSTRIES


PE Ratio Performance Analysis for JAI BALAJI INDUSTRIES

- JAI BALAJI INDUSTRIES 's latest p/e ratio is 19.94x.

- JAI BALAJI INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.75x.

- JAI BALAJI INDUSTRIES 's operated at median p/e ratio of 10.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JAI BALAJI INDUSTRIES 's p/e ratio peaked in Mar2024 at 17.22x.

- JAI BALAJI INDUSTRIES 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does JAI BALAJI INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Steel/Sponge Iron/Pig Iron Industry?

Peer Comparison (Steel/Sponge Iron/Pig Iron Industry)Earnings-TTM (Cr)PE RatioMarket Cap
JAI BALAJI INDUSTRIES 869.5619.9417,342.1
JINDAL STEEL & POWER LTD5,059.5218.6694,404.0
LLOYDS METALS & ENERGY LTD1,467.1337.6155,182.8
STEEL EXCHANGE INDIA LTD25.2751.761,307.8
SURAJ PRODUCTS LTD26.4321.28562.4
SAL STEEL LTD0.44489.73215.5
KIC METALIKS LTD0.63241.81153.3
BIHAR SPONGE IRON LTD10.7712.54135.0
VASWANI INDUSTRIES LTD10.2715.28157.0

Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs JAI BALAJI INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.54x
Max industry PE 489.73x
Median industry PE 21.28x
Average industry PE 100.96x



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