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TULSYAN NEC
PE (Price/Earnings) Ratio

The Current P/E Ratio of TULSYAN NEC is -3.38.

Share Price ₹77.1Dec 26,2024
Market Cap ₹128.8 Cr
Earnings-TTM₹-38.1 CrTTM-Consolidated Results
Price/Earnings-3.38xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of TULSYAN NEC

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 TULSYAN NEC is calculated as :

Current Market Cap [ ₹128.8 Cr] as on Dec 26,2024

(/) Earnings [ ₹-38.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ -3.38x ]

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

Thus, for TULSYAN NEC , the investors are currently willing to pay -3.38 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 TULSYAN NEC !

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 TULSYAN NEC over the last five years.

Historical PE (Price/Earnings) ratio chart of TULSYAN NEC


PE Ratio Performance Analysis for TULSYAN NEC

- TULSYAN NEC 's latest p/e ratio is -3.38x.

- TULSYAN NEC 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.08x.

- TULSYAN NEC 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TULSYAN NEC 's p/e ratio peaked in Mar2023 at 0.39x.

- TULSYAN NEC 's p/e ratio hit its five-year low in Mar2024 of 0x.


How does TULSYAN NEC '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
TULSYAN NEC -38.12-3.38128.8
JSW STEEL LTD5,231.0042.75223,637.0
TATA STEEL LTD2,576.6868.00175,205.0
JINDAL STAINLESS LTD2,435.4024.7960,361.7
STEEL AUTHORITY OF INDIA LTD1,985.5124.4648,575.0
APL APOLLO TUBES LTD582.9371.2141,508.0
MOTHERSON SUMI WIRING INDIA LTD660.2539.0225,766.2
RATNAMANI METALS & TUBES LTD531.1443.3523,022.8
SHYAM METALICS AND ENERGY LTD837.3924.5520,559.5
WELSPUN CORP LTD849.1024.6620,938.1
JINDAL SAW LTD1,872.1310.1418,980.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs TULSYAN NEC 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -3.38x
Max industry PE 71.21x
Median industry PE 24.79x
Average industry PE 33.59x



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