NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is -1,192.17.
Share Price | ₹213.0 | Nov 14,2024 |
Market Cap | ₹219.4 Cr | |
Earnings-TTM | ₹-0.2 Cr | TTM-Consolidated Results |
Price/Earnings | -1,192.17x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of NITIRAJ ENGINEERS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹219.4 Cr] as on Nov 14,2024
(/) Earnings [ ₹-0.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -1,192.17x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay -1,192.17 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 NITIRAJ ENGINEERS !
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 NITIRAJ ENGINEERS over the last five years.
Historical PE (Price/Earnings) ratio chart of NITIRAJ ENGINEERS
PE Ratio Performance Analysis for NITIRAJ ENGINEERS
- NITIRAJ ENGINEERS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 8.49x.
- NITIRAJ ENGINEERS 's operated at median p/e ratio of 5.02x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIRAJ ENGINEERS 's p/e ratio peaked in Mar2020 at 23.57x.
- NITIRAJ ENGINEERS 's p/e ratio hit its five-year low in Mar2023 of 0x.
How does NITIRAJ ENGINEERS 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
NITIRAJ ENGINEERS | -0.18 | -1,192.17 | 219.4 |
BHARAT ELECTRONICS LTD | 4,498.65 | 45.67 | 205,441.0 |
BHARAT HEAVY ELECTRICALS LTD | 168.85 | 461.32 | 77,893.8 |
THERMAX LTD | 732.69 | 81.30 | 59,566.2 |
TRIVENI TURBINE LTD | 315.52 | 66.00 | 20,824.1 |
KIRLOSKAR OIL ENGINES LTD | 515.82 | 32.00 | 16,505.8 |
ELECON ENGINEERING COMPANY LTD | 346.78 | 36.11 | 12,522.6 |
PRAJ INDUSTRIES LTD | 300.36 | 42.21 | 12,676.7 |
SHRIRAM PISTONS & RINGS LTD | 467.27 | 19.11 | 8,927.4 |
KIRLOSKAR BROTHERS LTD | 391.90 | 41.32 | 16,192.7 |
TEGA INDUSTRIES LTD | 164.03 | 78.25 | 12,835.0 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs NITIRAJ ENGINEERS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -1.00x |
Max industry PE | 461.32x |
Median industry PE | 42.21x |
Average industry PE | 82.02x |
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