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RAMKRISHNA FORGINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of RAMKRISHNA FORGINGS is 46.98.

Share Price ₹962.6Dec 03,2024
Market Cap ₹17,422.2 Cr
Earnings-TTM₹370.8 CrTTM-Consolidated Results
Price/Earnings46.98xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RAMKRISHNA FORGINGS

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 RAMKRISHNA FORGINGS is calculated as :

Current Market Cap [ ₹17,422.2 Cr] as on Dec 03,2024

(/) Earnings [ ₹370.8 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 46.98x ]

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

Thus, for RAMKRISHNA FORGINGS , the investors are currently willing to pay 46.98 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 RAMKRISHNA FORGINGS !

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 RAMKRISHNA FORGINGS over the last five years.

Historical PE (Price/Earnings) ratio chart of RAMKRISHNA FORGINGS


PE Ratio Performance Analysis for RAMKRISHNA FORGINGS

- RAMKRISHNA FORGINGS 's latest p/e ratio is 46.98x.

- RAMKRISHNA FORGINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 18.83x.

- RAMKRISHNA FORGINGS 's operated at median p/e ratio of 16.15x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RAMKRISHNA FORGINGS 's p/e ratio peaked in Mar2024 at 36.59x.

- RAMKRISHNA FORGINGS 's p/e ratio hit its five-year low in Mar2020 of 10.22x.


How does RAMKRISHNA FORGINGS 's P/E Ratio benchmark against top 10 peers in Forgings Industry?

Peer Comparison (Forgings Industry)Earnings-TTM (Cr)PE RatioMarket Cap
RAMKRISHNA FORGINGS 370.8546.9817,422.2
BHARAT FORGE LTD897.0770.0662,849.8
CIE AUTOMOTIVE INDIA LTD582.0131.3018,217.0
MM FORGINGS LTD131.6418.492,434.6
LGB FORGE LTD-5.09-50.41256.5
HILTON METAL FORGING LTD3.8658.64226.2
KALYANI FORGE LTD6.4934.74225.5
SAMRAT FORGINGS LTD3.9744.03174.8
TIRUPATI FORGE LTD9.2354.91506.6
GANGA FORGING LTD0.68140.3296.0

Forgings Industry Benchmark (Top 10) PE Analysis vs RAMKRISHNA FORGINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -50.41x
Max industry PE 140.32x
Median industry PE 46.98x
Average industry PE 44.91x



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