MAGNA ELECTRO CASTINGS
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The Current P/E Ratio of MAGNA ELECTRO CASTINGS is 25.16.
Share Price | ₹1,260.9 | Dec 03,2024 |
Market Cap | ₹529.6 Cr | |
Earnings-TTM | ₹21.1 Cr | TTM-Standalone Results |
Price/Earnings | 25.16x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of MAGNA ELECTRO CASTINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹529.6 Cr] as on Dec 03,2024
(/) Earnings [ ₹21.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 25.16x ]
Thus, for MAGNA ELECTRO CASTINGS , the investors are currently willing to pay 25.16 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 MAGNA ELECTRO CASTINGS !
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 MAGNA ELECTRO CASTINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of MAGNA ELECTRO CASTINGS
PE Ratio Performance Analysis for MAGNA ELECTRO CASTINGS
- MAGNA ELECTRO CASTINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.17x.
- MAGNA ELECTRO CASTINGS 's operated at median p/e ratio of 10.94x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MAGNA ELECTRO CASTINGS 's p/e ratio peaked in Mar2021 at 14.03x.
- MAGNA ELECTRO CASTINGS 's p/e ratio hit its five-year low in Mar2023 of 6.87x.
How does MAGNA ELECTRO CASTINGS 's P/E Ratio benchmark against top 10 peers in Castings/Forgings Industry?
Peer Comparison (Castings/Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
MAGNA ELECTRO CASTINGS | 21.05 | 25.16 | 529.6 |
AIA ENGINEERING LTD | 1,052.84 | 31.04 | 32,675.2 |
PTC INDUSTRIES LTD | 45.00 | 398.98 | 17,954.4 |
ELECTROSTEEL CASTINGS LTD | 871.82 | 11.58 | 10,095.0 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 270.45 | 37.69 | 10,192.0 |
ALICON CASTALLOY LTD | 73.13 | 25.25 | 1,846.3 |
STEELCAST LTD | 62.35 | 26.34 | 1,642.1 |
NELCAST LTD | 48.37 | 22.23 | 1,075.3 |
UNI ABEX ALLOY PRODUCTS LTD | 29.54 | 20.03 | 591.6 |
SYNERGY GREEN INDUSTRIES LTD | 12.98 | 56.06 | 727.6 |
NITIN CASTINGS LTD | 13.47 | 26.46 | 356.6 |
Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs MAGNA ELECTRO CASTINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 11.58x |
Max industry PE | 398.98x |
Median industry PE | 26.34x |
Average industry PE | 61.89x |
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