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MANAKSIA STEELS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MANAKSIA STEELS is 32.93.

Share Price ₹60.6Dec 26,2024
Market Cap ₹396.6 Cr
Earnings-TTM₹12.0 CrTTM-Consolidated Results
Price/Earnings32.93xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MANAKSIA STEELS

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 MANAKSIA STEELS is calculated as :

Current Market Cap [ ₹396.6 Cr] as on Dec 26,2024

(/) Earnings [ ₹12.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 32.93x ]

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

Thus, for MANAKSIA STEELS , the investors are currently willing to pay 32.93 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 MANAKSIA STEELS !

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 MANAKSIA STEELS over the last five years.

Historical PE (Price/Earnings) ratio chart of MANAKSIA STEELS


PE Ratio Performance Analysis for MANAKSIA STEELS

- MANAKSIA STEELS 's latest p/e ratio is 32.93x.

- MANAKSIA STEELS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.27x.

- MANAKSIA STEELS 's operated at median p/e ratio of 8.03x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MANAKSIA STEELS 's p/e ratio peaked in Mar2023 at 18.84x.

- MANAKSIA STEELS 's p/e ratio hit its five-year low in Mar2020 of 4.99x.


How does MANAKSIA STEELS '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
MANAKSIA STEELS 12.0432.93396.6
JSW STEEL LTD5,231.0042.75223,637.0
TATA STEEL LTD2,576.6868.00175,205.0
JINDAL STAINLESS LTD2,435.4024.7960,361.7
STEEL AUTHORITY OF INDIA LTD1,985.5124.4648,575.0
APL APOLLO TUBES LTD582.9371.2141,508.0
MOTHERSON SUMI WIRING INDIA LTD660.2539.0225,766.2
RATNAMANI METALS & TUBES LTD531.1443.3523,022.8
SHYAM METALICS AND ENERGY LTD837.3924.5520,559.5
WELSPUN CORP LTD849.1024.6620,938.1
JINDAL SAW LTD1,872.1310.1418,980.6

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

Top 10 Industry PeersPE Ratio
Min industry PE 10.14x
Max industry PE 71.21x
Median industry PE 32.93x
Average industry PE 36.90x



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