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HITECH PIPES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH PIPES is 52.72.

Share Price ₹160.0Dec 26,2024
Market Cap ₹3,248.6 Cr
Earnings-TTM₹61.6 CrTTM-Consolidated Results
Price/Earnings52.72xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HITECH PIPES

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 HITECH PIPES is calculated as :

Current Market Cap [ ₹3,248.6 Cr] as on Dec 26,2024

(/) Earnings [ ₹61.6 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 52.72x ]

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

Thus, for HITECH PIPES , the investors are currently willing to pay 52.72 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 PIPES !

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 PIPES over the last five years.

Historical PE (Price/Earnings) ratio chart of HITECH PIPES


PE Ratio Performance Analysis for HITECH PIPES

- HITECH PIPES 's latest p/e ratio is 52.72x.

- HITECH PIPES 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 15.71x.

- HITECH PIPES 's operated at median p/e ratio of 1.95x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH PIPES 's p/e ratio peaked in Mar2024 at 47.53x.

- HITECH PIPES 's p/e ratio hit its five-year low in Mar2020 of 0.39x.


How does HITECH PIPES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HITECH PIPES 61.6152.723,248.6
JSW STEEL LTD5,231.0042.75223,637.0
TATA STEEL LTD2,576.6868.00175,205.0
JINDAL STAINLESS LTD2,435.4024.7960,361.7
STEEL AUTHORITY OF INDIA LTD1,985.5124.4648,575.0
APL APOLLO TUBES LTD582.9371.2141,508.0
MOTHERSON SUMI WIRING INDIA LTD660.2539.0225,766.2
RATNAMANI METALS & TUBES LTD531.1443.3523,022.8
SHYAM METALICS AND ENERGY LTD837.3924.5520,559.5
WELSPUN CORP LTD849.1024.6620,938.1
JINDAL SAW LTD1,872.1310.1418,980.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs HITECH PIPES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 10.14x
Max industry PE 71.21x
Median industry PE 39.02x
Average industry PE 38.69x



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