PITTI ENGINEERING
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The Current P/E Ratio of PITTI ENGINEERING is 32.05.
Share Price | ₹900.6 | May 31,2024 |
Market Cap | ₹2,890.9 Cr | |
Earnings-TTM | ₹90.2 Cr | TTM-Consolidated Results |
Price/Earnings | 32.05x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PITTI ENGINEERING
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,890.9 Cr] as on May 31,2024
(/) Earnings [ ₹90.2 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 32.05x ]
Thus, for PITTI ENGINEERING , the investors are currently willing to pay 32.05 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 PITTI 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 PITTI ENGINEERING over the last five years.
Historical PE (Price/Earnings) ratio chart of PITTI ENGINEERING
PE Ratio Performance Analysis for PITTI ENGINEERING
- PITTI ENGINEERING 's p/e ratio for fiscal years ending Mar2023 to Mar2021 averaged 14.03x.
- PITTI ENGINEERING 's operated at median p/e ratio of 14.71x from fiscal years ending March 2018 to 2022.
- Looking back at the last 3 fiscal years, PITTI ENGINEERING 's p/e ratio peaked in Mar2022 at 19.95x.
- PITTI ENGINEERING 's p/e ratio hit its five-year low in Mar2021 of 7.43x.
How does PITTI ENGINEERING 's P/E Ratio benchmark against top 10 peers in Engineering Industry?
Peer Comparison (Engineering Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
PITTI ENGINEERING | 90.19 | 32.05 | 2,890.9 |
RITES LTD | 489.73 | 34.26 | 16,776.7 |
ENGINEERS INDIA LTD | 360.16 | 38.69 | 13,933.0 |
MTAR TECHNOLOGIES LTD | 56.11 | 98.72 | 5,539.5 |
KENNAMETAL INDIA LTD | 99.00 | 81.68 | 8,086.7 |
INOX GREEN ENERGY SERVICES LTD | 28.64 | 136.30 | 3,903.5 |
THEJO ENGINEERING LTD | 59.39 | 47.81 | 2,839.0 |
DIVGI TORQTRANSFER SYSTEMS LTD | 39.74 | 54.94 | 2,182.9 |
DEEP INDUSTRIES LTD | 125.16 | 14.17 | 1,773.8 |
LOKESH MACHINES LTD | 13.85 | 54.53 | 755.2 |
PRITIKA AUTO INDUSTRIES LTD | 16.60 | 25.08 | 416.4 |
Engineering Industry Benchmark (Top 10) PE Analysis vs PITTI ENGINEERING 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 14.17x |
Max industry PE | 136.30x |
Median industry PE | 47.81x |
Average industry PE | 56.20x |
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