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MAGNA ELECTRO CASTINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MAGNA ELECTRO CASTINGS is 25.16.

Share Price ₹1,260.9Dec 03,2024
Market Cap ₹529.6 Cr
Earnings-TTM₹21.1 CrTTM-Standalone Results
Price/Earnings25.16xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MAGNA ELECTRO CASTINGS

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 MAGNA ELECTRO CASTINGS is calculated as :

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 ]

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

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 latest p/e ratio is 25.16x.

- 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 RatioMarket Cap
MAGNA ELECTRO CASTINGS 21.0525.16529.6
AIA ENGINEERING LTD1,052.8431.0432,675.2
PTC INDUSTRIES LTD45.00398.9817,954.4
ELECTROSTEEL CASTINGS LTD871.8211.5810,095.0
KIRLOSKAR FERROUS INDUSTRIES LTD270.4537.6910,192.0
ALICON CASTALLOY LTD73.1325.251,846.3
STEELCAST LTD62.3526.341,642.1
NELCAST LTD48.3722.231,075.3
UNI ABEX ALLOY PRODUCTS LTD29.5420.03591.6
SYNERGY GREEN INDUSTRIES LTD12.9856.06727.6
NITIN CASTINGS LTD13.4726.46356.6

Castings/Forgings Industry Benchmark (Top 10) PE Analysis vs MAGNA ELECTRO CASTINGS 's P/E Ratio

Top 10 Industry PeersPE 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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