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HINDALCO INDUSTRIES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HINDALCO INDUSTRIES is 15.23.

Share Price ₹636.3Apr 24,2024
Market Cap ₹142,989.3 Cr
Earnings-TTM₹9,387.0 CrTTM-Consolidated Results
Price/Earnings15.23xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HINDALCO 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 HINDALCO INDUSTRIES is calculated as :

Current Market Cap [ ₹142,989.3 Cr] as on Apr 24,2024

(/) Earnings [ ₹9,387.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 15.23x ]

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

Thus, for HINDALCO INDUSTRIES , the investors are currently willing to pay 15.23 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 HINDALCO 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 HINDALCO INDUSTRIES over the last five years.

Historical PE (Price/Earnings) ratio chart of HINDALCO INDUSTRIES


PE Ratio Performance Analysis for HINDALCO INDUSTRIES

- HINDALCO INDUSTRIES 's latest p/e ratio is 15.23x.

- HINDALCO INDUSTRIES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 10.58x.

- HINDALCO INDUSTRIES 's operated at median p/e ratio of 8.91x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDALCO INDUSTRIES 's p/e ratio peaked in Mar2021 at 20.83x.

- HINDALCO INDUSTRIES 's p/e ratio hit its five-year low in Mar2020 of 5.64x.


How does HINDALCO INDUSTRIES 's P/E Ratio benchmark against top 10 peers in Metal - Non Ferrous Industry?

Peer Comparison (Metal - Non Ferrous Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HINDALCO INDUSTRIES 9,387.0015.23142,989.3
HINDUSTAN ZINC LTD7,759.0022.31173,090.0
VEDANTA LTD8,393.0016.97142,462.0
HINDUSTAN COPPER LTD303.15121.0736,703.4
GRAVITA INDIA LTD236.8528.236,687.0
SHIVALIK BIMETAL CONTROLS LTD78.1342.813,345.1
BHARAT WIRE ROPES LTD90.5122.672,052.2
RAM RATNA WIRES LTD50.8329.361,492.0
NILE LTD33.6312.43418.1
RAJNANDINI METAL LTD18.3116.31298.6
SHERA ENERGY LTD12.4637.51467.4

Metal - Non Ferrous Industry Benchmark (Top 10) PE Analysis vs HINDALCO INDUSTRIES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 12.43x
Max industry PE 121.07x
Median industry PE 22.67x
Average industry PE 33.17x



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