HITECH CORPORATION
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The Current P/E Ratio of HITECH CORPORATION is 14.53.
Share Price | ₹204.3 | May 10,2024 |
Market Cap | ₹351.3 Cr | |
Earnings-TTM | ₹24.2 Cr | TTM-Standalone Results |
Price/Earnings | 14.53x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HITECH CORPORATION
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
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 ]
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 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 Ratio | Market Cap |
---|---|---|---|
HITECH CORPORATION | 24.19 | 14.53 | 351.3 |
ASTRAL LTD | 564.80 | 102.71 | 58,012.7 |
SUPREME INDUSTRIES LTD | 962.86 | 69.58 | 67,000.3 |
FINOLEX INDUSTRIES LTD | 435.37 | 38.97 | 16,966.9 |
RESPONSIVE INDUSTRIES LTD | 138.13 | 55.74 | 7,699.7 |
PRINCE PIPES AND FITTINGS LTD | 222.00 | 31.80 | 7,060.4 |
EPL LTD | 276.90 | 21.90 | 6,063.5 |
JAI CORP LTD | -9.29 | -562.62 | 5,226.8 |
TIME TECHNOPLAST LTD | 286.84 | 20.94 | 6,006.8 |
GARWARE HITECH FILMS LTD | 188.55 | 20.03 | 3,777.4 |
JAIN IRRIGATION SYSTEMS LTD | -43.94 | -104.25 | 4,580.8 |
Plastic Products Industry Benchmark (Top 10) PE Analysis vs HITECH CORPORATION 's P/E Ratio
Top 10 Industry Peers | PE 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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