HITECH CORPORATION
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The Current P/E Ratio of HITECH CORPORATION is 25.10.
Share Price | ₹235.5 | Dec 24,2024 |
Market Cap | ₹405.1 Cr | |
Earnings-TTM | ₹16.1 Cr | TTM-Standalone Results |
Price/Earnings | 25.10x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HITECH CORPORATION
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹405.1 Cr] as on Dec 24,2024
(/) Earnings [ ₹16.1 Cr] based on TTM-Standalone Results
(=) P/E Ratio [ 25.10x ]
Thus, for HITECH CORPORATION , the investors are currently willing to pay 25.10 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 HITECH CORPORATION !
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 HITECH CORPORATION over the last five years.
Historical PE (Price/Earnings) ratio chart of HITECH CORPORATION
PE Ratio Performance Analysis for HITECH CORPORATION
- HITECH CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 16.57x.
- HITECH CORPORATION 's operated at median p/e ratio of 12.57x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/e ratio peaked in Mar2020 at 34.94x.
- HITECH CORPORATION 's p/e ratio hit its five-year low in Mar2023 of 9.47x.
How does HITECH CORPORATION 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HITECH CORPORATION | 16.14 | 25.10 | 405.1 |
ASTRAL LTD | 522.90 | 87.03 | 45,508.1 |
SUPREME INDUSTRIES LTD | 964.11 | 62.79 | 60,540.4 |
FINOLEX INDUSTRIES LTD | 777.44 | 19.34 | 15,034.2 |
RESPONSIVE INDUSTRIES LTD | 188.24 | 35.80 | 6,739.9 |
PRINCE PIPES AND FITTINGS LTD | 131.66 | 34.03 | 4,480.5 |
EPL LTD | 256.60 | 33.15 | 8,505.1 |
JAI CORP LTD | 67.80 | 81.93 | 5,554.7 |
TIME TECHNOPLAST LTD | 367.61 | 30.07 | 11,054.8 |
GARWARE HITECH FILMS LTD | 306.30 | 39.09 | 11,972.0 |
JAIN IRRIGATION SYSTEMS LTD | 36.76 | 122.13 | 4,489.4 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs HITECH CORPORATION 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 19.34x |
Max industry PE | 122.13x |
Median industry PE | 35.80x |
Average industry PE | 51.86x |
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