RAMA STEEL TUBES
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The Current P/E Ratio of RAMA STEEL TUBES is 69.84.
Share Price | ₹12.2 | Dec 24,2024 |
Market Cap | ₹1,889.9 Cr | |
Earnings-TTM | ₹27.1 Cr | TTM-Consolidated Results |
Price/Earnings | 69.84x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of RAMA STEEL TUBES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,889.9 Cr] as on Dec 24,2024
(/) Earnings [ ₹27.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 69.84x ]
Thus, for RAMA STEEL TUBES , the investors are currently willing to pay 69.84 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 RAMA STEEL TUBES !
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 RAMA STEEL TUBES over the last five years.
Historical PE (Price/Earnings) ratio chart of RAMA STEEL TUBES
PE Ratio Performance Analysis for RAMA STEEL TUBES
- RAMA STEEL TUBES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 19.33x.
- RAMA STEEL TUBES 's operated at median p/e ratio of 3.04x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, RAMA STEEL TUBES 's p/e ratio peaked in Mar2024 at 76.25x.
- RAMA STEEL TUBES 's p/e ratio hit its five-year low in Mar2021 of 0.39x.
How does RAMA STEEL TUBES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
RAMA STEEL TUBES | 27.06 | 69.84 | 1,889.9 |
JSW STEEL LTD | 5,231.00 | 43.11 | 225,532.0 |
TATA STEEL LTD | 2,576.68 | 68.00 | 175,205.0 |
JINDAL STAINLESS LTD | 2,435.40 | 24.71 | 60,180.5 |
STEEL AUTHORITY OF INDIA LTD | 1,985.51 | 24.76 | 49,153.2 |
APL APOLLO TUBES LTD | 582.93 | 72.16 | 42,064.4 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 39.29 | 25,943.1 |
RATNAMANI METALS & TUBES LTD | 531.14 | 43.19 | 22,939.4 |
SHYAM METALICS AND ENERGY LTD | 837.39 | 25.00 | 20,933.5 |
WELSPUN CORP LTD | 849.10 | 24.34 | 20,669.2 |
JINDAL SAW LTD | 1,872.13 | 10.35 | 19,373.9 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RAMA STEEL TUBES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 10.35x |
Max industry PE | 72.16x |
Median industry PE | 39.29x |
Average industry PE | 40.43x |
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