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SHRIRAM PISTONS & RINGS
PE (Price/Earnings) Ratio

The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 20.71.

Share Price ₹2,199.2Dec 11,2024
Market Cap ₹9,676.3 Cr
Earnings-TTM₹467.3 CrTTM-Consolidated Results
Price/Earnings20.71xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of SHRIRAM PISTONS & RINGS

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 SHRIRAM PISTONS & RINGS is calculated as :

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 ]

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

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 latest p/e ratio is 20.71x.

- 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 RatioMarket Cap
SHRIRAM PISTONS & RINGS 467.2720.719,676.3
BHARAT ELECTRONICS LTD4,498.6551.00229,417.0
BHARAT HEAVY ELECTRICALS LTD168.85523.3988,374.8
THERMAX LTD732.6977.2756,612.4
TRIVENI TURBINE LTD315.5281.9425,854.5
KIRLOSKAR OIL ENGINES LTD515.8232.7216,880.2
ELECON ENGINEERING COMPANY LTD346.7842.5314,747.6
PRAJ INDUSTRIES LTD300.3650.0515,034.1
KIRLOSKAR BROTHERS LTD391.9046.8618,365.3
TEGA INDUSTRIES LTD164.0366.3810,888.5
ION EXCHANGE (INDIA) LTD214.1549.7310,648.7

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs SHRIRAM PISTONS & RINGS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 20.71x
Max industry PE 523.39x
Median industry PE 50.05x
Average industry PE 94.78x



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