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SHRADDHA PRIME PROJECTS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHRADDHA PRIME PROJECTS is 34.93.

Share Price ₹219.6Dec 03,2024
Market Cap ₹443.6 Cr
Earnings-TTM₹12.7 CrTTM-Consolidated Results
Price/Earnings34.93xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHRADDHA PRIME PROJECTS

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 SHRADDHA PRIME PROJECTS is calculated as :

Current Market Cap [ ₹443.6 Cr] as on Dec 03,2024

(/) Earnings [ ₹12.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 34.93x ]

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

Thus, for SHRADDHA PRIME PROJECTS , the investors are currently willing to pay 34.93 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 SHRADDHA PRIME PROJECTS !

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 SHRADDHA PRIME PROJECTS over the last five years.

Historical PE (Price/Earnings) ratio chart of SHRADDHA PRIME PROJECTS


PE Ratio Performance Analysis for SHRADDHA PRIME PROJECTS

- SHRADDHA PRIME PROJECTS 's latest p/e ratio is 34.93x.

- SHRADDHA PRIME PROJECTS 's p/e ratio for fiscal years ending Mar2024 to Mar2023 averaged 34.41x.

- SHRADDHA PRIME PROJECTS 's operated at median p/e ratio of 50.66x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, SHRADDHA PRIME PROJECTS 's p/e ratio peaked in Mar2024 at 50.66x.

- SHRADDHA PRIME PROJECTS 's p/e ratio hit its five-year low in Mar2023 of 18.15x.


How does SHRADDHA PRIME PROJECTS 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Earnings-TTM (Cr)PE RatioMarket Cap
SHRADDHA PRIME PROJECTS 12.7034.93443.6
BHARAT ELECTRONICS LTD4,498.6550.70228,065.0
BHARAT HEAVY ELECTRICALS LTD168.85520.4087,869.9
THERMAX LTD732.6978.4157,447.6
TRIVENI TURBINE LTD315.5274.5223,511.8
KIRLOSKAR OIL ENGINES LTD515.8231.5016,246.1
ELECON ENGINEERING COMPANY LTD346.7840.3213,983.5
PRAJ INDUSTRIES LTD300.3650.2915,105.8
SHRIRAM PISTONS & RINGS LTD467.2720.279,469.6
KIRLOSKAR BROTHERS LTD391.9047.6818,686.9
TEGA INDUSTRIES LTD164.0369.2211,355.0

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SHRADDHA PRIME PROJECTS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 20.27x
Max industry PE 520.40x
Median industry PE 50.29x
Average industry PE 92.57x



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