PRAJ INDUSTRIES
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The Current P/E Ratio of PRAJ INDUSTRIES is 44.57.
Share Price | ₹728.4 | Nov 06,2024 |
Market Cap | ₹13,388.0 Cr | |
Earnings-TTM | ₹300.4 Cr | TTM-Consolidated Results |
Price/Earnings | 44.57x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of PRAJ INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹13,388.0 Cr] as on Nov 06,2024
(/) Earnings [ ₹300.4 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 44.57x ]
Thus, for PRAJ INDUSTRIES , the investors are currently willing to pay 44.57 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 PRAJ INDUSTRIES !
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 PRAJ INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of PRAJ INDUSTRIES
PE Ratio Performance Analysis for PRAJ INDUSTRIES
- PRAJ INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 33.54x.
- PRAJ INDUSTRIES 's operated at median p/e ratio of 34.56x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, PRAJ INDUSTRIES 's p/e ratio peaked in Mar2022 at 48.69x.
- PRAJ INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 14.32x.
How does PRAJ INDUSTRIES '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 |
---|---|---|---|
PRAJ INDUSTRIES | 300.36 | 44.57 | 13,388.0 |
BHARAT ELECTRONICS LTD | 4,498.65 | 49.05 | 220,646.0 |
BHARAT HEAVY ELECTRICALS LTD | 168.85 | 511.43 | 86,355.2 |
THERMAX LTD | 693.51 | 87.45 | 60,644.6 |
TRIVENI TURBINE LTD | 288.72 | 74.92 | 21,629.9 |
KIRLOSKAR OIL ENGINES LTD | 469.29 | 36.84 | 17,288.1 |
ELECON ENGINEERING COMPANY LTD | 346.78 | 39.52 | 13,706.3 |
SHRIRAM PISTONS & RINGS LTD | 467.27 | 19.55 | 9,133.5 |
KIRLOSKAR BROTHERS LTD | 391.90 | 42.95 | 16,831.5 |
TEGA INDUSTRIES LTD | 204.49 | 70.01 | 14,315.4 |
ION EXCHANGE (INDIA) LTD | 204.95 | 50.63 | 10,375.9 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs PRAJ INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 19.55x |
Max industry PE | 511.43x |
Median industry PE | 49.05x |
Average industry PE | 93.35x |
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