ZENITH STEEL PIPES & INDUSTRIES
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The Current P/E Ratio of ZENITH STEEL PIPES & INDUSTRIES is 13.83.
Share Price | ₹6.8 | Feb 04,2025 |
Market Cap | ₹97.3 Cr | |
Earnings-TTM | ₹7.0 Cr | TTM-Consolidated Results |
Price/Earnings | 13.83x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of ZENITH STEEL PIPES & INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹97.3 Cr] as on Feb 04,2025
(/) Earnings [ ₹7.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 13.83x ]
Thus, for ZENITH STEEL PIPES & INDUSTRIES , the investors are currently willing to pay 13.83 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 ZENITH STEEL PIPES & INDUSTRIES !
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 ZENITH STEEL PIPES & INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of ZENITH STEEL PIPES & INDUSTRIES
PE Ratio Performance Analysis for ZENITH STEEL PIPES & INDUSTRIES
- ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.58x.
- ZENITH STEEL PIPES & INDUSTRIES '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, ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio peaked in Mar2022 at 2.89x.
- ZENITH STEEL PIPES & INDUSTRIES 's p/e ratio hit its five-year low in Mar2024 of 0x.
How does ZENITH STEEL PIPES & INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
ZENITH STEEL PIPES & INDUSTRIES | 7.04 | 13.83 | 97.3 |
JSW STEEL LTD | 3,478.00 | 66.39 | 230,900.0 |
TATA STEEL LTD | 2,376.45 | 70.07 | 166,529.0 |
JINDAL STAINLESS LTD | 2,426.03 | 21.15 | 51,320.9 |
STEEL AUTHORITY OF INDIA LTD | 1,985.51 | 22.19 | 44,052.1 |
APL APOLLO TUBES LTD | 634.39 | 63.17 | 40,074.6 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 38.12 | 25,169.4 |
RATNAMANI METALS & TUBES LTD | 531.14 | 37.38 | 19,853.9 |
SHYAM METALICS AND ENERGY LTD | 908.92 | 23.63 | 21,473.6 |
WELSPUN CORP LTD | 849.10 | 22.27 | 18,907.5 |
JINDAL SAW LTD | 1,831.36 | 8.89 | 16,278.7 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs ZENITH STEEL PIPES & INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 8.89x |
Max industry PE | 70.07x |
Median industry PE | 23.63x |
Average industry PE | 35.19x |
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