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HEG
PE (Price/Earnings) Ratio

The Current P/E Ratio of HEG is 52.42.

Share Price ₹369.2Feb 07,2025
Market Cap ₹7,125.6 Cr
Earnings-TTM₹135.9 CrTTM-Consolidated Results
Price/Earnings52.42xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HEG

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 HEG is calculated as :

Current Market Cap [ ₹7,125.6 Cr] as on Feb 07,2025

(/) Earnings [ ₹135.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 52.42x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HEG , the investors are currently willing to pay 52.42 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 HEG !

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 HEG over the last five years.

Historical PE (Price/Earnings) ratio chart of HEG


PE Ratio Performance Analysis for HEG

- HEG 's latest p/e ratio is 52.42x.

- HEG 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 13.89x.

- HEG 's operated at median p/e ratio of 12.3x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HEG 's p/e ratio peaked in Mar2020 at 27.67x.

- HEG 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does HEG 's P/E Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?

Peer Comparison (Electrodes & Welding Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HEG 135.9252.427,125.6
GRAPHITE INDIA LTD463.0020.929,683.8
ESAB INDIA LTD169.8144.487,552.6
ADOR WELDING LTD34.5349.191,698.7
DE NORA INDIA LTD4.01120.67483.9
ADOR FONTECH LTD22.7021.97498.8
GEE LTD9.0341.73376.8
PANASONIC CARBON INDIA COMPANY LTD20.6011.82243.6

Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.82x
Max industry PE 120.67x
Median industry PE 44.48x
Average industry PE 45.40x



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