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TIRUPATI FORGE
PE (Price/Earnings) Ratio

The Current P/E Ratio of TIRUPATI FORGE is 51.78.

Share Price ₹46.1Nov 28,2024
Market Cap ₹477.6 Cr
Earnings-TTM₹9.2 CrTTM-Standalone Results
Price/Earnings51.78xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TIRUPATI FORGE

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 TIRUPATI FORGE is calculated as :

Current Market Cap [ ₹477.6 Cr] as on Nov 28,2024

(/) Earnings [ ₹9.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 51.78x ]

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

Thus, for TIRUPATI FORGE , the investors are currently willing to pay 51.78 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 latest p/e ratio is 51.78x.

- 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 RatioMarket Cap
TIRUPATI FORGE 9.2351.78477.6
BHARAT FORGE LTD897.0769.0061,900.0
CIE AUTOMOTIVE INDIA LTD582.0131.0318,057.7
RAMKRISHNA FORGINGS LTD370.8547.5817,644.3
MM FORGINGS LTD131.6418.642,453.2
LGB FORGE LTD-5.09-47.84243.4
HILTON METAL FORGING LTD3.8656.27217.1
KALYANI FORGE LTD6.4935.91233.0
SAMRAT FORGINGS LTD3.9741.43164.5
GANGA FORGING LTD0.68136.3793.3

Forgings Industry Benchmark (Top 10) PE Analysis vs TIRUPATI FORGE 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -47.84x
Max industry PE 136.37x
Median industry PE 47.58x
Average industry PE 44.02x



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