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PATEL ENGINEERING
PE (Price/Earnings) Ratio

The Current P/E Ratio of PATEL ENGINEERING is 17.31.

Share Price ₹61.8May 31,2024
Market Cap ₹5,220.1 Cr
Earnings-TTM₹301.6 CrTTM-Consolidated Results
Price/Earnings17.31xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PATEL ENGINEERING

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 PATEL ENGINEERING is calculated as :

Current Market Cap [ ₹5,220.1 Cr] as on May 31,2024

(/) Earnings [ ₹301.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.31x ]

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

Thus, for PATEL ENGINEERING , the investors are currently willing to pay 17.31 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 PATEL ENGINEERING !

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 PATEL ENGINEERING over the last five years.

Historical PE (Price/Earnings) ratio chart of PATEL ENGINEERING


PE Ratio Performance Analysis for PATEL ENGINEERING

- PATEL ENGINEERING 's latest p/e ratio is 17.31x.

- PATEL ENGINEERING 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 14.53x.

- PATEL ENGINEERING 's operated at median p/e ratio of 6.94x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PATEL ENGINEERING 's p/e ratio peaked in Mar2020 at 46.43x.

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


How does PATEL ENGINEERING 's P/E Ratio benchmark against top 10 peers in Engineering - Construction Industry?

Peer Comparison (Engineering - Construction Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PATEL ENGINEERING 301.6017.315,220.1
LARSEN & TOUBRO LTD15,569.7032.38504,177.0
RAIL VIKAS NIGAM LTD1,469.5554.1479,564.4
GMR AIRPORTS INFRASTRUCTURE LTD-1,054.04-48.4551,064.1
IRB INFRASTRUCTURE DEVELOPERS LTD920.6743.3439,905.7
IRCON INTERNATIONAL LTD883.2928.7125,356.3
KEC INTERNATIONAL LTD346.7854.7618,991.1
KALPATARU PROJECTS INTERNATIONAL LTD516.0037.7119,457.8
NCC LTD735.1324.5318,034.9
GR INFRAPROJECTS LTD1,316.5211.8915,648.2
STERLING AND WILSON RENEWABLE ENERGY LTD-210.82-77.9016,423.0

Engineering - Construction Industry Benchmark (Top 10) PE Analysis vs PATEL ENGINEERING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -77.90x
Max industry PE 54.76x
Median industry PE 28.71x
Average industry PE 16.22x



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