NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is 22.76.
Share Price | ₹271.8 | Apr 04,2025 |
Market Cap | ₹279.9 Cr | |
Earnings-TTM | ₹12.3 Cr | TTM-Standalone Results |
Price/Earnings | 22.76x | 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 [ ₹279.9 Cr] as on Apr 04,2025
(/) Earnings [ ₹12.3 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 22.76x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay 22.76 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 Mar2024 to Mar2020 averaged 10.05x.
- NITIRAJ ENGINEERS 's operated at median p/e ratio of 13.49x 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 21.98x.
- 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 | 12.30 | 22.76 | 279.9 |
BHARAT HEAVY ELECTRICALS LTD | 456.39 | 163.58 | 74,655.4 |
THERMAX LTD | 609.53 | 69.45 | 42,333.9 |
JYOTI CNC AUTOMATION LTD | 306.68 | 75.83 | 23,254.0 |
TRIVENI TURBINE LTD | 339.57 | 48.55 | 16,485.1 |
KIRLOSKAR BROTHERS LTD | 422.40 | 31.92 | 13,481.2 |
ELECON ENGINEERING COMPANY LTD | 364.15 | 26.77 | 9,749.1 |
PRAJ INDUSTRIES LTD | 271.05 | 34.55 | 9,364.4 |
KIRLOSKAR OIL ENGINES LTD | 494.99 | 21.20 | 10,495.0 |
TEGA INDUSTRIES LTD | 182.41 | 51.29 | 9,354.9 |
SHRIRAM PISTONS & RINGS LTD | 480.48 | 16.74 | 8,042.8 |
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 | 16.74x |
Max industry PE | 163.58x |
Median industry PE | 34.55x |
Average industry PE | 51.15x |
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