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JINDAL STAINLESS
PE (Price/Earnings) Ratio

The Current P/E Ratio of JINDAL STAINLESS is 18.73.

Share Price ₹551.7Apr 04,2025
Market Cap ₹45,449.0 Cr
Earnings-TTM₹2,426.0 CrTTM-Consolidated Results
Price/Earnings18.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JINDAL STAINLESS

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 JINDAL STAINLESS is calculated as :

Current Market Cap [ ₹45,449.0 Cr] as on Apr 04,2025

(/) Earnings [ ₹2,426.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 18.73x ]

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

Thus, for JINDAL STAINLESS , the investors are currently willing to pay 18.73 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 JINDAL STAINLESS !

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 JINDAL STAINLESS over the last five years.

Historical PE (Price/Earnings) ratio chart of JINDAL STAINLESS


PE Ratio Performance Analysis for JINDAL STAINLESS

- JINDAL STAINLESS 's latest p/e ratio is 18.73x.

- JINDAL STAINLESS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 12.01x.

- JINDAL STAINLESS 's operated at median p/e ratio of 11.28x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, JINDAL STAINLESS 's p/e ratio peaked in Mar2024 at 21.08x.

- JINDAL STAINLESS 's p/e ratio hit its five-year low in Mar2022 of 3.46x.


How does JINDAL STAINLESS '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
JINDAL STAINLESS 2,426.0318.7345,449.0
JSW STEEL LTD3,478.0070.82246,306.0
TATA STEEL LTD2,376.4573.78175,330.0
STEEL AUTHORITY OF INDIA LTD1,707.7627.2246,489.1
APL APOLLO TUBES LTD634.3966.4542,156.0
MOTHERSON SUMI WIRING INDIA LTD632.3735.9522,733.3
SHYAM METALICS AND ENERGY LTD908.9226.3723,969.1
WELSPUN CORP LTD836.8325.4021,257.8
RATNAMANI METALS & TUBES LTD531.5334.3518,260.0
SARDA ENERGY & MINERALS LTD662.9226.3817,490.4
JINDAL SAW LTD1,831.369.1216,700.8

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.12x
Max industry PE 73.78x
Median industry PE 27.22x
Average industry PE 37.69x



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