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HINDUSTAN ZINC
PE (Price/Earnings) Ratio

The Current P/E Ratio of HINDUSTAN ZINC is 22.96.

Share Price ₹421.6Apr 26,2024
Market Cap ₹178,138.6 Cr
Earnings-TTM₹7,759.0 CrTTM-Consolidated Results
Price/Earnings22.96xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HINDUSTAN ZINC

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 HINDUSTAN ZINC is calculated as :

Current Market Cap [ ₹178,138.6 Cr] as on Apr 26,2024

(/) Earnings [ ₹7,759.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 22.96x ]

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

Thus, for HINDUSTAN ZINC , the investors are currently willing to pay 22.96 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 HINDUSTAN ZINC !

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 HINDUSTAN ZINC over the last five years.

Historical PE (Price/Earnings) ratio chart of HINDUSTAN ZINC


PE Ratio Performance Analysis for HINDUSTAN ZINC

- HINDUSTAN ZINC 's latest p/e ratio is 22.96x.

- HINDUSTAN ZINC 's p/e ratio for fiscal years ending Mar2023 to Mar2021 averaged 13.27x.

- HINDUSTAN ZINC 's operated at median p/e ratio of 13.59x from fiscal years ending March 2018 to 2022.

- Looking back at the last 3 fiscal years, HINDUSTAN ZINC 's p/e ratio peaked in Mar2021 at 14.44x.

- HINDUSTAN ZINC 's p/e ratio hit its five-year low in Mar2023 of 11.79x.


How does HINDUSTAN ZINC '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
HINDUSTAN ZINC 7,759.0022.96178,138.6
HINDALCO INDUSTRIES LTD9,387.0015.55145,968.0
VEDANTA LTD7,534.0019.57147,443.0
HINDUSTAN COPPER LTD303.15124.6837,796.1
GRAVITA INDIA LTD236.8528.366,717.0
SHIVALIK BIMETAL CONTROLS LTD78.1342.523,322.3
BHARAT WIRE ROPES LTD90.5123.202,099.4
RAM RATNA WIRES LTD50.8328.681,457.7
NILE LTD33.6312.27412.6
RAJNANDINI METAL LTD18.3116.46301.4
SHERA ENERGY LTD12.4634.95435.5

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

Top 10 Industry PeersPE Ratio
Min industry PE 12.27x
Max industry PE 124.68x
Median industry PE 23.20x
Average industry PE 33.56x



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