HINDALCO INDUSTRIES
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The Current P/E Ratio of HINDALCO INDUSTRIES is 15.80.
Share Price | ₹660.0 | May 18,2024 |
Market Cap | ₹148,315.2 Cr | |
Earnings-TTM | ₹9,387.0 Cr | TTM-Consolidated Results |
Price/Earnings | 15.80x | Calculated as Market Cap/Earnings |
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Definition & Calculation of PE (Price/Earnings) ratio of HINDALCO INDUSTRIES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹148,315.2 Cr] as on May 18,2024
(/) Earnings [ ₹9,387.0 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 15.80x ]
Thus, for HINDALCO INDUSTRIES , the investors are currently willing to pay 15.80 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 HINDALCO 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 HINDALCO INDUSTRIES over the last five years.
Historical PE (Price/Earnings) ratio chart of HINDALCO INDUSTRIES
PE Ratio Performance Analysis for HINDALCO INDUSTRIES
- HINDALCO INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.58x.
- HINDALCO INDUSTRIES 's operated at median p/e ratio of 8.91x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HINDALCO INDUSTRIES 's p/e ratio peaked in Mar2021 at 20.83x.
- HINDALCO INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 5.64x.
How does HINDALCO INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?
Peer Comparison (Metal - Non Ferrous Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HINDALCO INDUSTRIES | 9,387.00 | 15.80 | 148,315.2 |
HINDUSTAN ZINC LTD | 7,759.00 | 33.70 | 261,463.0 |
VEDANTA LTD | 7,534.00 | 22.62 | 170,452.0 |
HINDUSTAN COPPER LTD | 303.15 | 123.80 | 37,530.2 |
GRAVITA INDIA LTD | 242.28 | 27.55 | 6,674.2 |
SHIVALIK BIMETAL CONTROLS LTD | 78.13 | 39.06 | 3,051.9 |
BHARAT WIRE ROPES LTD | 96.34 | 19.09 | 1,839.5 |
RAM RATNA WIRES LTD | 54.29 | 30.93 | 1,679.5 |
NILE LTD | 33.63 | 11.84 | 398.3 |
RAJNANDINI METAL LTD | 15.24 | 21.14 | 322.1 |
SHERA ENERGY LTD | 12.46 | 34.41 | 428.8 |
Metal - Non Ferrous Industry Benchmark (Top 10) PE Analysis vs HINDALCO INDUSTRIES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 11.84x |
Max industry PE | 123.80x |
Median industry PE | 27.55x |
Average industry PE | 34.54x |
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