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MANAKSIA STEELS
PE (Price/Earnings) Ratio

The Current P/E Ratio of MANAKSIA STEELS is 12.07.

Share Price ₹55.5May 31,2024
Market Cap ₹363.3 Cr
Earnings-TTM₹30.1 CrTTM-Consolidated Results
Price/Earnings12.07xCalculated 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 [ ₹363.3 Cr] as on May 31,2024

(/) Earnings [ ₹30.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 12.07x ]

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 12.07 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 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 12.07x.

- MANAKSIA STEELS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.88x.

- 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 30.1012.07363.3
JSW STEEL LTD9,145.0023.57215,555.0
TATA STEEL LTD-4,851.63-43.01208,661.0
JINDAL STAINLESS LTD2,640.3524.7765,409.5
STEEL AUTHORITY OF INDIA LTD2,628.0624.9065,427.5
APL APOLLO TUBES LTD732.4456.9041,675.9
MOTHERSON SUMI WIRING INDIA LTD638.3146.8829,922.1
RATNAMANI METALS & TUBES LTD625.1038.1123,821.8
SHYAM METALICS AND ENERGY LTD1,062.7915.9916,994.9
WELSPUN CORP LTD874.1616.4514,377.3
JINDAL SAW LTD1,591.8910.8017,188.4

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

Top 10 Industry PeersPE Ratio
Min industry PE -43.01x
Max industry PE 56.90x
Median industry PE 23.57x
Average industry PE 20.67x



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