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RATNAVEER PRECISION ENGINEERING
PE (Price/Earnings) Ratio

The Current P/E Ratio of RATNAVEER PRECISION ENGINEERING is 24.93.

Share Price ₹186.5Dec 20,2024
Market Cap ₹988.5 Cr
Earnings-TTM₹39.7 CrTTM-Standalone Results
Price/Earnings24.93xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of RATNAVEER PRECISION ENGINEERING

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 RATNAVEER PRECISION ENGINEERING is calculated as :

Current Market Cap [ ₹988.5 Cr] as on Dec 20,2024

(/) Earnings [ ₹39.7 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 24.93x ]

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

Thus, for RATNAVEER PRECISION ENGINEERING , the investors are currently willing to pay 24.93 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 RATNAVEER PRECISION ENGINEERING !

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 RATNAVEER PRECISION ENGINEERING over the last five years.

Historical PE (Price/Earnings) ratio chart of RATNAVEER PRECISION ENGINEERING


PE Ratio Performance Analysis for RATNAVEER PRECISION ENGINEERING

- RATNAVEER PRECISION ENGINEERING 's latest p/e ratio is 24.93x.

- RATNAVEER PRECISION ENGINEERING 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.61x.

- RATNAVEER PRECISION ENGINEERING 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, RATNAVEER PRECISION ENGINEERING 's p/e ratio peaked in Mar2024 at 18.04x.

- RATNAVEER PRECISION ENGINEERING 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does RATNAVEER PRECISION ENGINEERING '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
RATNAVEER PRECISION ENGINEERING 39.6624.93988.5
JSW STEEL LTD5,231.0042.94224,603.0
TATA STEEL LTD2,576.6868.24175,829.0
JINDAL STAINLESS LTD2,435.4024.3459,286.7
STEEL AUTHORITY OF INDIA LTD1,985.5124.1647,976.1
APL APOLLO TUBES LTD582.9374.2543,280.0
MOTHERSON SUMI WIRING INDIA LTD660.2540.1426,500.1
RATNAMANI METALS & TUBES LTD531.1443.4423,075.0
SHYAM METALICS AND ENERGY LTD837.3925.6621,483.4
WELSPUN CORP LTD849.1024.0120,383.2
JINDAL SAW LTD1,872.1310.2619,210.8

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs RATNAVEER PRECISION ENGINEERING 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.26x
Max industry PE 74.25x
Median industry PE 25.66x
Average industry PE 36.58x



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