SHRIRAM PISTONS & RINGS
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The Current P/E Ratio of SHRIRAM PISTONS & RINGS is 17.10.
Share Price | ₹1,866.8 | Mar 06,2025 |
Market Cap | ₹8,213.9 Cr | |
Earnings-TTM | ₹480.5 Cr | TTM-Consolidated Results |
Price/Earnings | 17.10x | 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 [ ₹8,213.9 Cr] as on Mar 06,2025
(/) Earnings [ ₹480.5 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 17.10x ]
Thus, for SHRIRAM PISTONS & RINGS , the investors are currently willing to pay 17.10 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 | 17.10 | 8,213.9 |
BHARAT HEAVY ELECTRICALS LTD | 456.39 | 151.37 | 69,084.1 |
THERMAX LTD | 609.53 | 64.46 | 39,293.0 |
JYOTI CNC AUTOMATION LTD | 306.68 | 67.69 | 20,760.3 |
TRIVENI TURBINE LTD | 339.57 | 50.11 | 17,014.4 |
KIRLOSKAR BROTHERS LTD | 422.40 | 31.06 | 13,120.7 |
ELECON ENGINEERING COMPANY LTD | 364.15 | 26.14 | 9,520.2 |
PRAJ INDUSTRIES LTD | 271.05 | 35.32 | 9,573.0 |
KIRLOSKAR OIL ENGINES LTD | 494.99 | 18.68 | 9,248.3 |
TEGA INDUSTRIES LTD | 182.41 | 48.85 | 8,911.4 |
INOX INDIA LTD | 204.59 | 45.56 | 9,321.0 |
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 | 17.10x |
Max industry PE | 151.37x |
Median industry PE | 45.56x |
Average industry PE | 50.58x |
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