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HITECH CORPORATION
PS (Price/Sales) Ratio

The Current P/S Ratio of HITECH CORPORATION is 0.73.

Share Price ₹235.5Dec 24,2024
Market Cap ₹405.1 Cr
Sales-TTM₹557.1 CrTTM-Standalone Results
Price/Sales0.73xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of HITECH CORPORATION

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of HITECH CORPORATION is calculated as :

Current Market Cap [ ₹405.1 Cr] as on Dec 24,2024

(/) Sales [ ₹557.1 Cr] based on TTM-Standalone Results

(=) P/S Ratio [ 0.73x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for HITECH CORPORATION , the investors are currently willing to pay '0.73 times sales' to own 1 share of the company.

PS Multiples are one of the most widely used valuation multiple in the industry.

P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.

You may also explore Price to Earnings ratio or Price to Book ratio of HITECH CORPORATION !

The chart below summarizes the trend in P/S Ratio of HITECH CORPORATION over the last five years.

Historical PS (Price/Sales) ratio chart of HITECH CORPORATION


PS Ratio Performance Analysis for HITECH CORPORATION

- HITECH CORPORATION 's latest p/e ratio is 0.73x.

- HITECH CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.48x.

- HITECH CORPORATION 's operated at median p/e ratio of 0.48x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/e ratio peaked in Mar2022 at 0.66x.

- HITECH CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 0.18x.


How does HITECH CORPORATION 's P/S Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
HITECH CORPORATION 557.10.73405.1
ASTRAL LTD5,749.37.9245,508.1
SUPREME INDUSTRIES LTD10,366.35.8460,540.4
FINOLEX INDUSTRIES LTD4,224.03.5615,034.2
RESPONSIVE INDUSTRIES LTD1,224.95.506,739.9
PRINCE PIPES AND FITTINGS LTD2,585.31.734,480.5
EPL LTD4,097.92.088,505.1
JAI CORP LTD485.911.435,554.7
TIME TECHNOPLAST LTD5,319.52.0811,054.8
GARWARE HITECH FILMS LTD1,995.36.0011,972.0
JAIN IRRIGATION SYSTEMS LTD5,754.20.784,489.4

Plastic Products Industry Benchmark (Top 10) PS Analysis vs HITECH CORPORATION 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.73x
Max industry PS 11.43x
Median industry PS 3.56x
Average industry PS 4.33x



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