HITECH PIPES
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The Current P/E Ratio of HITECH PIPES is 39.63.
Share Price | ₹128.8 | Apr 23,2024 |
Market Cap | ₹1,930.7 Cr | |
Earnings-TTM | ₹48.7 Cr | TTM-Consolidated Results |
Price/Earnings | 39.63x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HITECH PIPES
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,930.7 Cr] as on Apr 23,2024
(/) Earnings [ ₹48.7 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 39.63x ]
Thus, for HITECH PIPES , the investors are currently willing to pay 39.63 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 PIPES !
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 PIPES over the last five years.
Historical PE (Price/Earnings) ratio chart of HITECH PIPES
PE Ratio Performance Analysis for HITECH PIPES
- HITECH PIPES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.39x.
- HITECH PIPES 's operated at median p/e ratio of 1.53x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HITECH PIPES 's p/e ratio peaked in Mar2023 at 27.17x.
- HITECH PIPES 's p/e ratio hit its five-year low in Mar2020 of 0.39x.
How does HITECH PIPES 's P/E Ratio benchmark against top 10 peers in Steel & Iron Products Industry?
Peer Comparison (Steel & Iron Products Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HITECH PIPES | 48.72 | 39.63 | 1,930.7 |
JSW STEEL LTD | 11,474.00 | 18.14 | 208,182.0 |
TATA STEEL LTD | -3,899.20 | -51.58 | 201,108.0 |
JINDAL STAINLESS LTD | 2,816.41 | 21.19 | 59,670.2 |
STEEL AUTHORITY OF INDIA LTD | 2,533.01 | 24.83 | 62,887.2 |
APL APOLLO TUBES LTD | 763.82 | 56.96 | 43,503.4 |
MOTHERSON SUMI WIRING INDIA LTD | 585.34 | 53.76 | 31,469.4 |
RATNAMANI METALS & TUBES LTD | 624.56 | 32.31 | 20,179.8 |
SHYAM METALICS AND ENERGY LTD | 1,101.73 | 15.46 | 17,031.2 |
WELSPUN CORP LTD | 894.16 | 16.44 | 14,699.1 |
JINDAL SAW LTD | 1,406.60 | 11.29 | 15,874.2 |
Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs HITECH PIPES 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | -51.58x |
Max industry PE | 56.96x |
Median industry PE | 21.19x |
Average industry PE | 21.67x |
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