SHRIRAM PISTONS & RINGS
|
The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 20.71.
Share Price | ₹2,199.2 | Dec 11,2024 |
Market Cap | ₹9,676.3 Cr | |
Earnings-TTM | ₹467.3 Cr | TTM-Consolidated Results |
Price/Earnings | 20.71x | Calculated as Market Cap/Earnings |
---|---|---|
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 [ ₹9,676.3 Cr] as on Dec 11,2024
(/) Earnings [ ₹467.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 20.71x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 20.71 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 | 467.27 | 20.71 | 9,676.3 |
BHARAT ELECTRONICS LTD | 4,498.65 | 51.00 | 229,417.0 |
BHARAT HEAVY ELECTRICALS LTD | 168.85 | 523.39 | 88,374.8 |
THERMAX LTD | 732.69 | 77.27 | 56,612.4 |
TRIVENI TURBINE LTD | 315.52 | 81.94 | 25,854.5 |
KIRLOSKAR OIL ENGINES LTD | 515.82 | 32.72 | 16,880.2 |
ELECON ENGINEERING COMPANY LTD | 346.78 | 42.53 | 14,747.6 |
PRAJ INDUSTRIES LTD | 300.36 | 50.05 | 15,034.1 |
KIRLOSKAR BROTHERS LTD | 391.90 | 46.86 | 18,365.3 |
TEGA INDUSTRIES LTD | 164.03 | 66.38 | 10,888.5 |
ION EXCHANGE (INDIA) LTD | 214.15 | 49.73 | 10,648.7 |
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 | 20.71x |
Max industry PE | 523.39x |
Median industry PE | 50.05x |
Average industry PE | 94.78x |
You may also like the below Video Courses