SHRIRAM PISTONS & RINGS
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The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 18.54.
Share Price | ₹2,024.4 | Feb 07,2025 |
Market Cap | ₹8,907.4 Cr | |
Earnings-TTM | ₹480.5 Cr | TTM-Consolidated Results |
Price/Earnings | 18.54x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of SHRIRAM PISTONS & RINGS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹8,907.4 Cr] as on Feb 07,2025
(/) Earnings [ ₹480.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 18.54x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 18.54 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 SHRIRAM PISTONS & RINGS !
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 SHRIRAM PISTONS & RINGS over the last five years.
Historical PE (Price/Earnings) ratio chart of SHRIRAM PISTONS & RINGS
PE Ratio Performance Analysis for SHRIRAM PISTONS & RINGS
- SHRIRAM PISTONS & RINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 13.02x.
- SHRIRAM PISTONS & RINGS 's operated at median p/e ratio of 12.22x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SHRIRAM PISTONS & RINGS 's p/e ratio peaked in Mar2021 at 20.07x.
- SHRIRAM PISTONS & RINGS 's p/e ratio hit its five-year low in Mar2023 of 3.78x.
How does SHRIRAM PISTONS & RINGS 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
Peer Comparison (Engineering - Industrial Equipments Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
SHRIRAM PISTONS & RINGS | 480.48 | 18.54 | 8,907.4 |
BHARAT ELECTRONICS LTD | 4,951.80 | 40.87 | 202,371.0 |
BHARAT HEAVY ELECTRICALS LTD | 456.39 | 154.77 | 70,633.7 |
THERMAX LTD | 609.53 | 66.24 | 40,373.7 |
TRIVENI TURBINE LTD | 339.57 | 54.53 | 18,517.9 |
KIRLOSKAR OIL ENGINES LTD | 515.82 | 23.08 | 11,905.5 |
ELECON ENGINEERING COMPANY LTD | 364.15 | 31.46 | 11,456.7 |
PRAJ INDUSTRIES LTD | 271.05 | 41.59 | 11,272.3 |
KIRLOSKAR BROTHERS LTD | 391.90 | 39.83 | 15,608.6 |
TEGA INDUSTRIES LTD | 182.41 | 56.00 | 10,214.9 |
ION EXCHANGE (INDIA) LTD | 216.57 | 37.96 | 8,220.7 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SHRIRAM PISTONS & RINGS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 18.54x |
Max industry PE | 154.77x |
Median industry PE | 40.87x |
Average industry PE | 51.35x |
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