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HITECH CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH CORPORATION is 14.53.

Share Price ₹204.3May 10,2024
Market Cap ₹351.3 Cr
Earnings-TTM₹24.2 CrTTM-Standalone Results
Price/Earnings14.53xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HITECH CORPORATION

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 HITECH CORPORATION is calculated as :

Current Market Cap [ ₹351.3 Cr] as on May 10,2024

(/) Earnings [ ₹24.2 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 14.53x ]

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

Thus, for HITECH CORPORATION , the investors are currently willing to pay 14.53 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 HITECH CORPORATION !

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 HITECH CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of HITECH CORPORATION


PE Ratio Performance Analysis for HITECH CORPORATION

- HITECH CORPORATION 's latest p/e ratio is 14.53x.

- HITECH CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 15.73x.

- HITECH CORPORATION 's operated at median p/e ratio of 11.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/e ratio peaked in Mar2020 at 34.94x.

- HITECH CORPORATION 's p/e ratio hit its five-year low in Mar2023 of 9.47x.


How does HITECH CORPORATION 's P/E Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Earnings-TTM (Cr)PE RatioMarket Cap
HITECH CORPORATION 24.1914.53351.3
ASTRAL LTD564.80102.7158,012.7
SUPREME INDUSTRIES LTD962.8669.5867,000.3
FINOLEX INDUSTRIES LTD435.3738.9716,966.9
RESPONSIVE INDUSTRIES LTD138.1355.747,699.7
PRINCE PIPES AND FITTINGS LTD222.0031.807,060.4
EPL LTD276.9021.906,063.5
JAI CORP LTD-9.29-562.625,226.8
TIME TECHNOPLAST LTD286.8420.946,006.8
GARWARE HITECH FILMS LTD188.5520.033,777.4
JAIN IRRIGATION SYSTEMS LTD-43.94-104.254,580.8

Plastic Products Industry Benchmark (Top 10) PE Analysis vs HITECH CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -562.62x
Max industry PE 102.71x
Median industry PE 21.90x
Average industry PE -26.42x



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