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MUKAND
PE (Price/Earnings) Ratio

The Current P/E Ratio of MUKAND is 16.91.

Share Price ₹115.4Jan 30,2025
Market Cap ₹1,666.8 Cr
Earnings-TTM₹98.6 CrTTM-Consolidated Results
Price/Earnings16.91xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of MUKAND

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 MUKAND is calculated as :

Current Market Cap [ ₹1,666.8 Cr] as on Jan 30,2025

(/) Earnings [ ₹98.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 16.91x ]

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

Thus, for MUKAND , the investors are currently willing to pay 16.91 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 MUKAND !

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 MUKAND over the last five years.

Historical PE (Price/Earnings) ratio chart of MUKAND


PE Ratio Performance Analysis for MUKAND

- MUKAND 's latest p/e ratio is 16.91x.

- MUKAND 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 8.85x.

- MUKAND 's operated at median p/e ratio of 11.56x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MUKAND 's p/e ratio peaked in Mar2024 at 20.92x.

- MUKAND 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does MUKAND '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
MUKAND 98.5616.911,666.8
JSW STEEL LTD3,478.0066.89232,660.0
TATA STEEL LTD2,376.4568.89163,721.0
JINDAL STAINLESS LTD2,426.0322.0453,466.8
STEEL AUTHORITY OF INDIA LTD1,985.5121.9443,556.4
APL APOLLO TUBES LTD634.3964.5940,973.7
MOTHERSON SUMI WIRING INDIA LTD660.2536.6324,187.9
RATNAMANI METALS & TUBES LTD531.1436.7319,508.4
SHYAM METALICS AND ENERGY LTD908.9223.9521,766.7
WELSPUN CORP LTD849.1022.2918,925.9
JINDAL SAW LTD1,831.368.5115,584.8

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

Top 10 Industry PeersPE Ratio
Min industry PE 8.51x
Max industry PE 68.89x
Median industry PE 23.95x
Average industry PE 35.40x



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