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HINDUSTHAN NATIONAL GLASS & INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES is 2.96.

Share Price ₹23.1Nov 22,2024
Market Cap ₹207.0 Cr
Earnings-TTM₹70.0 CrTTM-Standalone Results
Price/Earnings2.96xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HINDUSTHAN NATIONAL GLASS & INDUSTRIES

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 HINDUSTHAN NATIONAL GLASS & INDUSTRIES is calculated as :

Current Market Cap [ ₹207.0 Cr] as on Nov 22,2024

(/) Earnings [ ₹70.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 2.96x ]

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

Thus, for HINDUSTHAN NATIONAL GLASS & INDUSTRIES , the investors are currently willing to pay 2.96 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 HINDUSTHAN NATIONAL GLASS & 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 HINDUSTHAN NATIONAL GLASS & INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of HINDUSTHAN NATIONAL GLASS & INDUSTRIES


PE Ratio Performance Analysis for HINDUSTHAN NATIONAL GLASS & INDUSTRIES

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's latest p/e ratio is 2.96x.

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.19x.

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's operated at median p/e ratio of 0x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/e ratio peaked in Mar2024 at 0.96x.

- HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's p/e ratio hit its five-year low in Mar2023 of 0x.


How does HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Glass Industry?

Peer Comparison (Glass Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HINDUSTHAN NATIONAL GLASS & INDUSTRIES 69.952.96207.0
ASAHI INDIA GLASS LTD305.9951.2115,670.8
BOROSIL RENEWABLES LTD-96.63-57.925,597.5
LA OPALA RG LTD115.5430.303,500.4
HALDYN GLASS LTD18.8744.15832.9
EMPIRE INDUSTRIES LTD42.3214.09596.1
SEJAL GLASS LTD5.33101.08538.3

Glass Industry Benchmark (Top 10) PE Analysis vs HINDUSTHAN NATIONAL GLASS & INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -57.92x
Max industry PE 101.08x
Median industry PE 30.30x
Average industry PE 26.55x



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