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HEG
PE (Price/Earnings) Ratio

The Current P/E Ratio of HEG is 25.03.

Share Price ₹1,843.8Mar 28,2024
Market Cap ₹7,117.1 Cr
Earnings-TTM₹284.3 CrTTM-Consolidated Results
Price/Earnings25.03xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HEG

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 HEG is calculated as :

Current Market Cap [ ₹7,117.1 Cr] as on Mar 28,2024

(/) Earnings [ ₹284.3 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 25.03x ]

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

Thus, for HEG , the investors are currently willing to pay 25.03 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 HEG !

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 HEG over the last five years.

Historical PE (Price/Earnings) ratio chart of HEG


PE Ratio Performance Analysis for HEG

- HEG 's latest p/e ratio is 25.03x.

- HEG 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.86x.

- HEG 's operated at median p/e ratio of 6.67x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HEG 's p/e ratio peaked in Mar2020 at 27.67x.

- HEG 's p/e ratio hit its five-year low in Mar2021 of 0x.


How does HEG 's P/E Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?

Peer Comparison (Electrodes & Welding Equipment Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HEG 284.3425.037,117.1
GRAPHITE INDIA LTD818.0014.4111,789.9
ESAB INDIA LTD160.6050.398,092.6
ADOR WELDING LTD67.0727.781,863.5
DE NORA INDIA LTD25.6733.76866.5
ADOR FONTECH LTD22.0722.13488.4
GEE LTD9.6435.32340.5
PANASONIC CARBON INDIA COMPANY LTD16.0013.01208.1

Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 13.01x
Max industry PE 50.39x
Median industry PE 27.78x
Average industry PE 27.73x



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