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HITECH CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH CORPORATION is 20.61.

Share Price ₹180.3Apr 30,2025
Market Cap ₹310.0 Cr
Earnings-TTM₹15.0 CrTTM-Standalone Results
Price/Earnings20.61xCalculated 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 [ ₹310.0 Cr] as on Apr 30,2025

(/) Earnings [ ₹15.0 Cr] based on TTM-Standalone Results

(=) P/E Ratio [ 20.61x ]

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 20.61 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 20.61x.

- HITECH CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 16.57x.

- HITECH CORPORATION 's operated at median p/e ratio of 12.57x 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 15.0420.61310.0
SUPREME INDUSTRIES LTD840.8253.4544,942.7
ASTRAL LTD522.3069.1736,128.7
FINOLEX INDUSTRIES LTD770.5014.0510,827.3
GARWARE HITECH FILMS LTD311.2323.887,431.5
TIME TECHNOPLAST LTD376.8820.307,649.8
EPL LTD264.3022.896,049.4
SHAILY ENGINEERING PLASTICS LTD83.8783.086,967.5
RESPONSIVE INDUSTRIES LTD190.4925.124,784.3
JAIN IRRIGATION SYSTEMS LTD33.51105.433,533.1
POLYPLEX CORPORATION LTD397.749.603,820.0

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

Top 10 Industry PeersPE Ratio
Min industry PE 9.60x
Max industry PE 105.43x
Median industry PE 23.88x
Average industry PE 40.69x



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