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PARAS DEFENCE AND SPACE TECHNOLOGIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PARAS DEFENCE AND SPACE TECHNOLOGIES is 93.79.

Share Price ₹983.3Nov 12,2024
Market Cap ₹3,962.7 Cr
Earnings-TTM₹42.3 CrTTM-Consolidated Results
Price/Earnings93.79xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PARAS DEFENCE AND SPACE TECHNOLOGIES

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 PARAS DEFENCE AND SPACE TECHNOLOGIES is calculated as :

Current Market Cap [ ₹3,962.7 Cr] as on Nov 12,2024

(/) Earnings [ ₹42.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 93.79x ]

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

Thus, for PARAS DEFENCE AND SPACE TECHNOLOGIES , the investors are currently willing to pay 93.79 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 PARAS DEFENCE AND SPACE TECHNOLOGIES !

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 PARAS DEFENCE AND SPACE TECHNOLOGIES over the last five years.

Historical PE (Price/Earnings) ratio chart of PARAS DEFENCE AND SPACE TECHNOLOGIES


PE Ratio Performance Analysis for PARAS DEFENCE AND SPACE TECHNOLOGIES

- PARAS DEFENCE AND SPACE TECHNOLOGIES 's latest p/e ratio is 93.79x.

- PARAS DEFENCE AND SPACE TECHNOLOGIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 43.11x.

- PARAS DEFENCE AND SPACE TECHNOLOGIES 's operated at median p/e ratio of 50.87x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PARAS DEFENCE AND SPACE TECHNOLOGIES 's p/e ratio peaked in Mar2022 at 90.22x.

- PARAS DEFENCE AND SPACE TECHNOLOGIES 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does PARAS DEFENCE AND SPACE TECHNOLOGIES 's P/E Ratio benchmark against top 10 peers in Defence Industry?

Peer Comparison (Defence Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PARAS DEFENCE AND SPACE TECHNOLOGIES 42.2593.793,962.7
HINDUSTAN AERONAUTICS LTD7,991.3735.49283,584.0
BHARAT DYNAMICS LTD578.1265.1737,677.1
DATA PATTERNS (INDIA) LTD185.1468.3912,661.6
ASTRA MICROWAVE PRODUCTS LTD120.9661.287,412.8
ROSSELL INDIA LTD13.8723.49325.9

Defence Industry Benchmark (Top 10) PE Analysis vs PARAS DEFENCE AND SPACE TECHNOLOGIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 23.49x
Max industry PE 93.79x
Median industry PE 65.17x
Average industry PE 57.94x



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