TIRUPATI FORGE
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The Current P/E Ratio of TIRUPATI FORGE is 56.15.
Share Price | ₹50.0 | Nov 22,2024 |
Market Cap | ₹518.0 Cr | |
Earnings-TTM | ₹9.2 Cr | TTM-Standalone Results |
Price/Earnings | 56.15x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of TIRUPATI FORGE
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹518.0 Cr] as on Nov 22,2024
(/) Earnings [ ₹9.2 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 56.15x ]
Thus, for TIRUPATI FORGE , the investors are currently willing to pay 56.15 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 TIRUPATI FORGE !
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 TIRUPATI FORGE over the last five years.
Historical PE (Price/Earnings) ratio chart of TIRUPATI FORGE
PE Ratio Performance Analysis for TIRUPATI FORGE
- TIRUPATI FORGE 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 14.28x.
- TIRUPATI FORGE 's operated at median p/e ratio of 11.53x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, TIRUPATI FORGE 's p/e ratio peaked in Mar2024 at 25.21x.
- TIRUPATI FORGE 's p/e ratio hit its five-year low in Mar2021 of 8.42x.
How does TIRUPATI FORGE 's P/E Ratio benchmark against top 10 peers in Forgings Industry?
Peer Comparison (Forgings Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
TIRUPATI FORGE | 9.23 | 56.15 | 518.0 |
BHARAT FORGE LTD | 897.07 | 68.29 | 61,262.1 |
CIE AUTOMOTIVE INDIA LTD | 582.01 | 29.69 | 17,278.1 |
RAMKRISHNA FORGINGS LTD | 370.85 | 47.03 | 17,441.6 |
MM FORGINGS LTD | 131.64 | 16.81 | 2,212.5 |
LGB FORGE LTD | -5.09 | -46.81 | 238.2 |
HILTON METAL FORGING LTD | 3.86 | 54.25 | 209.3 |
KALYANI FORGE LTD | 6.49 | 34.50 | 223.9 |
SAMRAT FORGINGS LTD | 3.97 | 44.72 | 177.5 |
GANGA FORGING LTD | 0.68 | 140.12 | 95.8 |
Forgings Industry Benchmark (Top 10) PE Analysis vs TIRUPATI FORGE 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -46.81x |
Max industry PE | 140.12x |
Median industry PE | 47.03x |
Average industry PE | 44.48x |
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