VETO SWITCHGEARS AND CABLES
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The Current P/E Ratio of VETO SWITCHGEARS AND CABLES is 12.61.
Share Price | ₹110.3 | Apr 29,2025 |
Market Cap | ₹210.7 Cr | |
Earnings-TTM | ₹16.7 Cr | TTM-Consolidated Results |
Price/Earnings | 12.61x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of VETO SWITCHGEARS AND CABLES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹210.7 Cr] as on Apr 29,2025
(/) Earnings [ ₹16.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 12.61x ]
Thus, for VETO SWITCHGEARS AND CABLES , the investors are currently willing to pay 12.61 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 VETO SWITCHGEARS AND CABLES !
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 VETO SWITCHGEARS AND CABLES over the last five years.
Historical PE (Price/Earnings) ratio chart of VETO SWITCHGEARS AND CABLES
PE Ratio Performance Analysis for VETO SWITCHGEARS AND CABLES
- VETO SWITCHGEARS AND CABLES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 9.94x.
- VETO SWITCHGEARS AND CABLES 's operated at median p/e ratio of 8.69x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VETO SWITCHGEARS AND CABLES 's p/e ratio peaked in Mar2021 at 14.97x.
- VETO SWITCHGEARS AND CABLES 's p/e ratio hit its five-year low in Mar2020 of 5.84x.
How does VETO SWITCHGEARS AND CABLES 's P/E Ratio benchmark against top 10 peers in Electric Equipment Industry?
Peer Comparison (Electric Equipment Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
VETO SWITCHGEARS AND CABLES | 16.71 | 12.61 | 210.7 |
SIEMENS LTD | 2,584.20 | 40.42 | 104,445.0 |
ABB INDIA LTD | 1,874.61 | 63.13 | 118,340.0 |
HAVELLS INDIA LTD | 1,470.24 | 69.20 | 101,743.0 |
CG POWER AND INDUSTRIAL SOLUTIONS LTD | 932.53 | 104.63 | 97,573.4 |
SUZLON ENERGY LTD | 1,144.77 | 68.73 | 78,685.5 |
WAAREE ENERGIES LTD | 2,002.17 | 38.27 | 76,622.7 |
HITACHI ENERGY INDIA LTD | 313.75 | 203.02 | 63,697.2 |
GE VERNOVA T&D INDIA LTD | 488.13 | 81.68 | 39,869.0 |
APAR INDUSTRIES LTD | 807.60 | 27.86 | 22,497.7 |
INOX WIND LTD | 287.33 | 79.20 | 22,757.7 |
Electric Equipment Industry Benchmark (Top 10) PE Analysis vs VETO SWITCHGEARS AND CABLES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 12.61x |
Max industry PE | 203.02x |
Median industry PE | 68.73x |
Average industry PE | 71.70x |
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