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TULSYAN NEC
PE (Price/Earnings) Ratio

The Current P/E Ratio of TULSYAN NEC is -3.17.

Share Price ₹72.3Dec 27,2024
Market Cap ₹120.7 Cr
Earnings-TTM₹-38.1 CrTTM-Consolidated Results
Price/Earnings-3.17xCalculated 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 [ ₹120.7 Cr] as on Dec 27,2024

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

(=) P/E Ratio [ -3.17x ]

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 -3.17 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 -3.17x.

- 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 -38.12-3.17120.7
JSW STEEL LTD5,231.0042.69223,294.0
TATA STEEL LTD2,576.6867.32173,458.0
JINDAL STAINLESS LTD2,435.4024.9060,645.9
STEEL AUTHORITY OF INDIA LTD1,985.5124.0347,707.6
APL APOLLO TUBES LTD582.9372.1942,081.1
MOTHERSON SUMI WIRING INDIA LTD660.2539.1725,863.5
RATNAMANI METALS & TUBES LTD531.1443.1622,926.0
SHYAM METALICS AND ENERGY LTD837.3924.9120,855.3
WELSPUN CORP LTD849.1024.8821,123.1
JINDAL SAW LTD1,872.1310.2319,156.5

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

Top 10 Industry PeersPE Ratio
Min industry PE -3.17x
Max industry PE 72.19x
Median industry PE 24.91x
Average industry PE 33.66x



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