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TECHNOCRAFT INDUSTRIES (INDIA)
PE (Price/Earnings) Ratio

The Current P/E Ratio of TECHNOCRAFT INDUSTRIES (INDIA) is 21.54.

Share Price ₹2,600.1Nov 19,2024
Market Cap ₹5,902.1 Cr
Earnings-TTM₹274.0 CrTTM-Consolidated Results
Price/Earnings21.54xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TECHNOCRAFT INDUSTRIES (INDIA)

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 TECHNOCRAFT INDUSTRIES (INDIA) is calculated as :

Current Market Cap [ ₹5,902.1 Cr] as on Nov 19,2024

(/) Earnings [ ₹274.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 21.54x ]

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

Thus, for TECHNOCRAFT INDUSTRIES (INDIA) , the investors are currently willing to pay 21.54 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 TECHNOCRAFT INDUSTRIES (INDIA) !

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 TECHNOCRAFT INDUSTRIES (INDIA) over the last five years.

Historical PE (Price/Earnings) ratio chart of TECHNOCRAFT INDUSTRIES (INDIA)


PE Ratio Performance Analysis for TECHNOCRAFT INDUSTRIES (INDIA)

- TECHNOCRAFT INDUSTRIES (INDIA) 's latest p/e ratio is 21.54x.

- TECHNOCRAFT INDUSTRIES (INDIA) 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 9.49x.

- TECHNOCRAFT INDUSTRIES (INDIA) 's operated at median p/e ratio of 9.07x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TECHNOCRAFT INDUSTRIES (INDIA) 's p/e ratio peaked in Mar2024 at 17.17x.

- TECHNOCRAFT INDUSTRIES (INDIA) 's p/e ratio hit its five-year low in Mar2020 of 3.4x.


How does TECHNOCRAFT INDUSTRIES (INDIA) 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
TECHNOCRAFT INDUSTRIES (INDIA) 274.0521.545,902.1
JSW STEEL LTD5,231.0044.30231,756.0
TATA STEEL LTD2,576.6867.56174,082.0
JINDAL STAINLESS LTD2,435.4023.2156,524.7
STEEL AUTHORITY OF INDIA LTD1,985.5123.1645,993.4
APL APOLLO TUBES LTD582.9369.7440,651.8
MOTHERSON SUMI WIRING INDIA LTD660.2541.1327,154.4
RATNAMANI METALS & TUBES LTD531.1444.9423,870.9
SHYAM METALICS AND ENERGY LTD837.3927.4622,997.7
WELSPUN CORP LTD849.1021.2618,052.3
JINDAL SAW LTD1,872.1310.2619,201.2

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs TECHNOCRAFT INDUSTRIES (INDIA) 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.26x
Max industry PE 69.74x
Median industry PE 27.46x
Average industry PE 35.87x



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