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HARIOM PIPE INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HARIOM PIPE INDUSTRIES is 27.98.

Share Price ₹554.5Apr 16,2024
Market Cap ₹1,602.5 Cr
Earnings-TTM₹57.3 CrTTM-Standalone Results
Price/Earnings27.98xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HARIOM PIPE 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 HARIOM PIPE INDUSTRIES is calculated as :

Current Market Cap [ ₹1,602.5 Cr] as on Apr 16,2024

(/) Earnings [ ₹57.3 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 27.98x ]

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

Thus, for HARIOM PIPE INDUSTRIES , the investors are currently willing to pay 27.98 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 HARIOM PIPE 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 HARIOM PIPE INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of HARIOM PIPE INDUSTRIES


PE Ratio Performance Analysis for HARIOM PIPE INDUSTRIES

- HARIOM PIPE INDUSTRIES 's latest p/e ratio is 27.98x.

- HARIOM PIPE INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 5.66x.

- HARIOM PIPE 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, HARIOM PIPE INDUSTRIES 's p/e ratio peaked in Mar2023 at 28.32x.

- HARIOM PIPE INDUSTRIES 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does HARIOM PIPE INDUSTRIES '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
HARIOM PIPE INDUSTRIES 57.2827.981,602.5
JSW STEEL LTD11,474.0018.02206,739.0
TATA STEEL LTD-3,899.20-51.24199,798.0
JINDAL STAINLESS LTD2,816.4119.7055,474.8
STEEL AUTHORITY OF INDIA LTD2,533.0124.3561,668.7
APL APOLLO TUBES LTD763.8256.1242,863.7
MOTHERSON SUMI WIRING INDIA LTD585.3453.4731,297.0
RATNAMANI METALS & TUBES LTD624.5633.2320,755.3
SHYAM METALICS AND ENERGY LTD1,101.7315.1216,657.2
WELSPUN CORP LTD894.1616.0414,344.6
JINDAL SAW LTD1,406.6010.9215,362.6

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs HARIOM PIPE INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.24x
Max industry PE 56.12x
Median industry PE 19.70x
Average industry PE 20.34x



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