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HEG
PE (Price/Earnings) Ratio

The Current P/E Ratio of HEG is 47.51.

Share Price ₹480.7Apr 21,2025
Market Cap ₹9,277.5 Cr
Earnings-TTM₹195.3 CrTTM-Consolidated Results
Price/Earnings47.51xCalculated 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 [ ₹9,277.5 Cr] as on Apr 21,2025

(/) Earnings [ ₹195.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 47.51x ]

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 47.51 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 47.51x.

- 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 195.2647.519,277.5
GRAPHITE INDIA LTD425.0022.339,490.4
ESAB INDIA LTD172.2441.727,186.5
ADOR WELDING LTD34.5346.481,604.9
DIFFUSION ENGINEERS LTD31.4533.061,039.7
DE NORA INDIA LTD4.01112.14449.7
GEE LTD6.6850.04334.3
PANASONIC CARBON INDIA COMPANY LTD20.6011.55237.9
D&H INDIA LTD3.6948.20177.7

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

Top 10 Industry PeersPE Ratio
Min industry PE 11.55x
Max industry PE 112.14x
Median industry PE 46.48x
Average industry PE 45.89x



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