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RATNAMANI METALS & TUBES
PE (Price/Earnings) Ratio

The Current P/E Ratio of RATNAMANI METALS & TUBES is 36.73.

Share Price ₹2,783.3Jan 30,2025
Market Cap ₹19,510.6 Cr
Earnings-TTM₹531.1 CrTTM-Consolidated Results
Price/Earnings36.73xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RATNAMANI METALS & TUBES

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 RATNAMANI METALS & TUBES is calculated as :

Current Market Cap [ ₹19,510.6 Cr] as on Jan 30,2025

(/) Earnings [ ₹531.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 36.73x ]

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

Thus, for RATNAMANI METALS & TUBES , the investors are currently willing to pay 36.73 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 RATNAMANI METALS & 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 RATNAMANI METALS & TUBES over the last five years.

Historical PE (Price/Earnings) ratio chart of RATNAMANI METALS & TUBES


PE Ratio Performance Analysis for RATNAMANI METALS & TUBES

- RATNAMANI METALS & TUBES 's latest p/e ratio is 36.73x.

- RATNAMANI METALS & TUBES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 22.83x.

- RATNAMANI METALS & TUBES 's operated at median p/e ratio of 25.07x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RATNAMANI METALS & TUBES 's p/e ratio peaked in Mar2024 at 31.38x.

- RATNAMANI METALS & TUBES 's p/e ratio hit its five-year low in Mar2020 of 9.15x.


How does RATNAMANI METALS & 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 RatioMarket Cap
RATNAMANI METALS & TUBES 531.1436.7319,510.6
JSW STEEL LTD3,478.0066.89232,660.0
TATA STEEL LTD2,376.4568.89163,721.0
JINDAL STAINLESS LTD2,426.0322.0453,466.8
STEEL AUTHORITY OF INDIA LTD1,985.5121.9443,556.4
APL APOLLO TUBES LTD634.3964.5940,973.7
MOTHERSON SUMI WIRING INDIA LTD660.2536.6324,187.9
SHYAM METALICS AND ENERGY LTD908.9223.9521,766.7
WELSPUN CORP LTD849.1022.2918,925.9
JINDAL SAW LTD1,831.368.5115,584.8
MAHARASHTRA SEAMLESS LTD771.6610.738,276.5

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RATNAMANI METALS & TUBES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 8.51x
Max industry PE 68.89x
Median industry PE 23.95x
Average industry PE 34.84x



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