As per https://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx the total market cap of top 30 companies as of now is approx 9.38 lac crore.
The trailing PE ratio is 28.16. Hence the total earnings is 9.38 lac crore / 28.16 = 333,000 crores approx.
Tata Motors in Q3 2018-19 made a loss of 26960 crore based on this link. Tata Motors in Q3 of 2017-18 made 1215 crores profit (https://www.moneycontrol.com/news/business/earnings/tata-motors-q3-profit-rises-11-fold-to-rs-1215-cr-jlr-margin-disappoints-2500077.html) and about 1117 crore profit in Q4 2019 (https://m.economictimes.com/markets/stocks/earnings/tata-motors-q4-profit-slumps-47-yoy-to-rs-1117-crore-still-beats-street-estimates/articleshow/69412233.cms)
If one disregards the one time loss of 26960 crores, then the total trailing earnings is 333000+26960=360000 crore.
Then the modified PE of BSE 30 is 9.38 lac crore / 360000 = 26.
Even disregarding the Q3 mega loss, we are running at a PE of 26. Eeeeks.
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