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PRAKASH INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of PRAKASH INDUSTRIES is 7.78.

Share Price ₹152.2Jan 06,2025
Market Cap ₹2,725.0 Cr
Earnings-TTM₹350.2 CrTTM-Standalone Results
Price/Earnings7.78xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of PRAKASH 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 PRAKASH INDUSTRIES is calculated as :

Current Market Cap [ ₹2,725.0 Cr] as on Jan 06,2025

(/) Earnings [ ₹350.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 7.78x ]

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

Thus, for PRAKASH INDUSTRIES , the investors are currently willing to pay 7.78 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 PRAKASH 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 PRAKASH INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of PRAKASH INDUSTRIES


PE Ratio Performance Analysis for PRAKASH INDUSTRIES

- PRAKASH INDUSTRIES 's latest p/e ratio is 7.78x.

- PRAKASH INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 7.64x.

- PRAKASH INDUSTRIES 's operated at median p/e ratio of 8.1x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, PRAKASH INDUSTRIES 's p/e ratio peaked in Mar2021 at 13.96x.

- PRAKASH INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 2.83x.


How does PRAKASH INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
PRAKASH INDUSTRIES 350.217.782,725.0
JSW STEEL LTD5,231.0042.10220,213.0
TATA STEEL LTD2,576.6864.05165,031.0
JINDAL STAINLESS LTD2,435.4022.4854,747.7
STEEL AUTHORITY OF INDIA LTD1,985.5122.9545,559.7
APL APOLLO TUBES LTD582.9375.8144,193.0
MOTHERSON SUMI WIRING INDIA LTD660.2538.9225,695.5
RATNAMANI METALS & TUBES LTD531.1442.0222,316.2
SHYAM METALICS AND ENERGY LTD837.3925.3821,251.7
WELSPUN CORP LTD849.1023.9120,304.5
JINDAL SAW LTD1,872.139.1817,190.0

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs PRAKASH INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 7.78x
Max industry PE 75.81x
Median industry PE 25.38x
Average industry PE 34.05x



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