JAI BALAJI INDUSTRIES
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The Current P/E Ratio of JAI BALAJI INDUSTRIES is 19.94.
Share Price | ₹950.3 | Dec 03,2024 |
Market Cap | ₹17,342.1 Cr | |
Earnings-TTM | ₹869.6 Cr | TTM-Consolidated Results |
Price/Earnings | 19.94x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of JAI BALAJI INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
JAI BALAJI INDUSTRIES | 869.56 | 19.94 | 17,342.1 |
JINDAL STEEL & POWER LTD | 5,059.52 | 18.66 | 94,404.0 |
LLOYDS METALS & ENERGY LTD | 1,467.13 | 37.61 | 55,182.8 |
STEEL EXCHANGE INDIA LTD | 25.27 | 51.76 | 1,307.8 |
SURAJ PRODUCTS LTD | 26.43 | 21.28 | 562.4 |
SAL STEEL LTD | 0.44 | 489.73 | 215.5 |
KIC METALIKS LTD | 0.63 | 241.81 | 153.3 |
BIHAR SPONGE IRON LTD | 10.77 | 12.54 | 135.0 |
VASWANI INDUSTRIES LTD | 10.27 | 15.28 | 157.0 |
Steel/Sponge Iron/Pig Iron Industry Benchmark (Top 10) PE Analysis vs JAI BALAJI INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE 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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