NITIRAJ ENGINEERS
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The Current P/E Ratio of NITIRAJ ENGINEERS is -1,285.37.
Share Price | ₹229.6 | Jan 07,2025 |
Market Cap | ₹236.5 Cr | |
Earnings-TTM | ₹-0.2 Cr | TTM-Consolidated Results |
Price/Earnings | -1,285.37x | 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 [ ₹236.5 Cr] as on Jan 07,2025
(/) Earnings [ ₹-0.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ -1,285.37x ]
Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay -1,285.37 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 | -1,285.37 | 236.5 |
BHARAT ELECTRONICS LTD | 4,498.65 | 46.61 | 209,681.0 |
BHARAT HEAVY ELECTRICALS LTD | 168.85 | 463.69 | 78,294.2 |
THERMAX LTD | 732.69 | 66.74 | 48,901.1 |
TRIVENI TURBINE LTD | 315.52 | 76.81 | 24,236.5 |
KIRLOSKAR OIL ENGINES LTD | 515.82 | 28.52 | 14,710.2 |
ELECON ENGINEERING COMPANY LTD | 346.78 | 39.61 | 13,734.4 |
PRAJ INDUSTRIES LTD | 300.36 | 49.99 | 15,015.7 |
SHRIRAM PISTONS & RINGS LTD | 467.27 | 19.49 | 9,109.1 |
KIRLOSKAR BROTHERS LTD | 391.90 | 45.96 | 18,012.7 |
TEGA INDUSTRIES LTD | 164.03 | 63.55 | 10,424.5 |
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 | 463.69x |
Median industry PE | 46.61x |
Average industry PE | 81.82x |
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