HEG
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The Current P/E Ratio of HEG is 99.33.
| Share Price | ₹502.2 | Jun 17,2025 |
| Market Cap | ₹9,691.5 Cr | |
| Earnings-TTM | ₹97.6 Cr | TTM-Consolidated Results |
| Price/Earnings | 99.33x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
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)
Current Market Cap [ ₹9,691.5 Cr] as on Jun 17,2025
(/) Earnings [ ₹97.6 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 99.33x ]
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 99.33 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.
Thus, for HEG , the investors are currently willing to pay 99.33 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 99.33x.
- HEG 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 13.89x.
- HEG 's operated at median p/e ratio of 12.3x 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.
- HEG 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 13.89x.
- HEG 's operated at median p/e ratio of 12.3x 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 Ratio | Market Cap |
|---|---|---|---|
| HEG | 97.57 | 99.33 | 9,691.5 |
| GRAPHITE INDIA LTD | 458.00 | 22.91 | 10,490.7 |
| ESAB INDIA LTD | 175.42 | 44.89 | 7,873.9 |
| ADOR WELDING LTD | 37.85 | 45.79 | 1,733.2 |
| DIFFUSION ENGINEERS LTD | 37.84 | 28.91 | 1,093.8 |
| DE NORA INDIA LTD | 1.69 | 272.46 | 461.3 |
| GEE LTD | 6.68 | 63.95 | 427.3 |
| PANASONIC CARBON INDIA COMPANY LTD | 20.83 | 13.29 | 276.7 |
| D&H INDIA LTD | 5.15 | 36.29 | 187.0 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PE Analysis vs HEG 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | 13.29x |
| Max industry PE | 272.46x |
| Median industry PE | 44.89x |
| Average industry PE | 69.76x |
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