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NITIN CASTINGS
PS (Price/Sales) Ratio

The Current P/S Ratio of NITIN CASTINGS is 2.38.

Share Price ₹704.8Nov 21,2024
Market Cap ₹359.4 Cr
Sales-TTM₹151.1 CrTTM-Standalone Results
Price/Sales2.38xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of NITIN CASTINGS

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of NITIN CASTINGS is calculated as :

Current Market Cap [ ₹359.4 Cr] as on Nov 21,2024

(/) Sales [ ₹151.1 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 2.38x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for NITIN CASTINGS , the investors are currently willing to pay '2.38 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of NITIN CASTINGS !

The chart below summarizes the trend in P/S Ratio of NITIN CASTINGS over the last five years.

Historical PS (Price/Sales) ratio chart of NITIN CASTINGS


PS Ratio Performance Analysis for NITIN CASTINGS

- NITIN CASTINGS 's latest p/e ratio is 2.38x.

- NITIN CASTINGS 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.97x.

- NITIN CASTINGS 's operated at median p/e ratio of 0.68x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIN CASTINGS 's p/e ratio peaked in Mar2024 at 2.15x.

- NITIN CASTINGS 's p/e ratio hit its five-year low in Mar2021 of 0.51x.


How does NITIN CASTINGS 's P/S Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Sales (Cr)PS RatioMarket Cap (Cr)
NITIN CASTINGS 151.12.38359.4
AIA ENGINEERING LTD4,383.67.2531,798.0
PTC INDUSTRIES LTD247.172.2917,863.1
ELECTROSTEEL CASTINGS LTD7,713.31.158,901.9
KIRLOSKAR FERROUS INDUSTRIES LTD6,303.81.539,660.5
ALICON CASTALLOY LTD1,728.01.071,842.4
STEELCAST LTD342.34.431,517.0
NELCAST LTD1,246.40.78971.8
UNI ABEX ALLOY PRODUCTS LTD169.33.48588.4
SYNERGY GREEN INDUSTRIES LTD338.21.73585.9
INVESTMENT & PRECISION CASTINGS LTD162.82.46400.5

Castings/Forgings Industry Benchmark (Top 10) PS Analysis vs NITIN CASTINGS 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.78x
Max industry PS 72.29x
Median industry PS 2.38x
Average industry PS 8.96x



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