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PRAJ INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRAJ INDUSTRIES is 44.57.

Share Price ₹728.4Nov 06,2024
Market Cap ₹13,388.0 Cr
Earnings-TTM₹300.4 CrTTM-Consolidated Results
Price/Earnings44.57xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRAJ INDUSTRIES

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 PRAJ INDUSTRIES is calculated as :

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 ]

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

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 latest p/e ratio is 44.57x.

- 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 RatioMarket Cap
PRAJ INDUSTRIES 300.3644.5713,388.0
BHARAT ELECTRONICS LTD4,498.6549.05220,646.0
BHARAT HEAVY ELECTRICALS LTD168.85511.4386,355.2
THERMAX LTD693.5187.4560,644.6
TRIVENI TURBINE LTD288.7274.9221,629.9
KIRLOSKAR OIL ENGINES LTD469.2936.8417,288.1
ELECON ENGINEERING COMPANY LTD346.7839.5213,706.3
SHRIRAM PISTONS & RINGS LTD467.2719.559,133.5
KIRLOSKAR BROTHERS LTD391.9042.9516,831.5
TEGA INDUSTRIES LTD204.4970.0114,315.4
ION EXCHANGE (INDIA) LTD204.9550.6310,375.9

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs PRAJ INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE 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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