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HITECH CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH CORPORATION is 40.45.

Share Price ₹412.8Oct 16,2026
Market Cap ₹709.9 Cr
Earnings-TTM₹17.5 CrTTM-Consolidated Results
Price/Earnings40.45xCalculated 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 [ ₹709.9 Cr] as on Oct 16,2026

(/) Earnings [ ₹17.5 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 40.45x ]

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 40.45 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 40.45x.

- HITECH CORPORATION 's p/e ratio for fiscal years ending Mar2025 to Mar2011 averaged 13.20x.

- HITECH CORPORATION 's operated at median p/e ratio of 7.59x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/e ratio peaked in Mar2025 at 34.79x.

- HITECH CORPORATION 's p/e ratio hit its five-year low in Mar2013 of 6.42x.


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 17.5540.45709.9
SUPREME INDUSTRIES LTD883.3351.7945,750.0
ASTRAL LTD575.7066.9638,551.3
GARWARE HITECH FILMS LTD387.8641.7216,180.9
SHAILY ENGINEERING PLASTICS LTD176.8080.8014,286.1
FINOLEX INDUSTRIES LTD577.8316.499,527.4
TIME TECHNOPLAST LTD497.9217.818,865.7
KINGFA SCIENCE & TECHNOLOGY (INDIA) LTD225.6839.258,858.0
RESPONSIVE INDUSTRIES LTD101.3039.714,023.1
PRINCE PIPES AND FITTINGS LTD102.1130.603,124.5
POLYPLEX CORPORATION LTD271.8111.553,140.3

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

Top 10 Industry PeersPE Ratio
Min industry PE 11.55x
Max industry PE 80.80x
Median industry PE 39.71x
Average industry PE 39.74x



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