HITECH PIPES
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The Current P/E Ratio of HITECH PIPES is 52.72.
Share Price | ₹160.0 | Dec 26,2024 |
Market Cap | ₹3,248.6 Cr | |
Earnings-TTM | ₹61.6 Cr | TTM-Consolidated Results |
Price/Earnings | 52.72x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HITECH PIPES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
HITECH PIPES | 61.61 | 52.72 | 3,248.6 |
JSW STEEL LTD | 5,231.00 | 42.75 | 223,637.0 |
TATA STEEL LTD | 2,576.68 | 68.00 | 175,205.0 |
JINDAL STAINLESS LTD | 2,435.40 | 24.79 | 60,361.7 |
STEEL AUTHORITY OF INDIA LTD | 1,985.51 | 24.46 | 48,575.0 |
APL APOLLO TUBES LTD | 582.93 | 71.21 | 41,508.0 |
MOTHERSON SUMI WIRING INDIA LTD | 660.25 | 39.02 | 25,766.2 |
RATNAMANI METALS & TUBES LTD | 531.14 | 43.35 | 23,022.8 |
SHYAM METALICS AND ENERGY LTD | 837.39 | 24.55 | 20,559.5 |
WELSPUN CORP LTD | 849.10 | 24.66 | 20,938.1 |
JINDAL SAW LTD | 1,872.13 | 10.14 | 18,980.6 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs HITECH PIPES 's P/E Ratio
Top 10 Industry Peers | PE 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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