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JTL INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of JTL INDUSTRIES is 39.07.

Share Price ₹235.3Sep 06,2024
Market Cap ₹4,623.6 Cr
Earnings-TTM₹118.3 CrTTM-Consolidated Results
Price/Earnings39.07xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of JTL 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 JTL INDUSTRIES is calculated as :

Current Market Cap [ ₹4,623.6 Cr] as on Sep 06,2024

(/) Earnings [ ₹118.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 39.07x ]

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

Thus, for JTL INDUSTRIES , the investors are currently willing to pay 39.07 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 JTL 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 JTL INDUSTRIES over the last five years.

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


PE Ratio Performance Analysis for JTL INDUSTRIES

- JTL INDUSTRIES 's latest p/e ratio is 39.07x.

- JTL INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2021 averaged 17.92x.

- JTL INDUSTRIES 's operated at median p/e ratio of 22.37x from fiscal years ending March 2018 to 2022.

- Looking back at the last 4 fiscal years, JTL INDUSTRIES 's p/e ratio peaked in Mar2024 at 28.8x.

- JTL INDUSTRIES 's p/e ratio hit its five-year low in Mar2021 of 5.63x.


How does JTL 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
JTL INDUSTRIES 118.3439.074,623.6
JSW STEEL LTD7,562.0030.17228,149.0
TATA STEEL LTD-4,821.70-39.16188,812.0
JINDAL STAINLESS LTD2,582.8323.1459,777.2
STEEL AUTHORITY OF INDIA LTD2,454.1121.7753,428.3
APL APOLLO TUBES LTD731.9953.2238,958.9
MOTHERSON SUMI WIRING INDIA LTD664.0546.5330,899.1
RATNAMANI METALS & TUBES LTD596.1244.7926,698.0
SHYAM METALICS AND ENERGY LTD1,103.7020.0922,170.1
WELSPUN CORP LTD901.6319.8017,855.5
JINDAL SAW LTD1,759.6912.5622,109.4

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

Top 10 Industry PeersPE Ratio
Min industry PE -39.16x
Max industry PE 53.22x
Median industry PE 23.14x
Average industry PE 24.73x



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