Home > PE Ratio > HITECH PIPES

HITECH PIPES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH PIPES is 39.63.

Share Price ₹128.8Apr 23,2024
Market Cap ₹1,930.7 Cr
Earnings-TTM₹48.7 CrTTM-Consolidated Results
Price/Earnings39.63xCalculated as Market Cap/Earnings
Explore Stock Analytics
COMMUNITY POLL
for HITECH PIPES
Please provide your vote to see the results
HITECH PIPES is part of below Screeners ↓
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PE (Price/Earnings) ratio of HITECH PIPES

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 PIPES is calculated as :

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 ]

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

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 latest p/e ratio is 39.63x.

- 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 RatioMarket Cap
HITECH PIPES 48.7239.631,930.7
JSW STEEL LTD11,474.0018.14208,182.0
TATA STEEL LTD-3,899.20-51.58201,108.0
JINDAL STAINLESS LTD2,816.4121.1959,670.2
STEEL AUTHORITY OF INDIA LTD2,533.0124.8362,887.2
APL APOLLO TUBES LTD763.8256.9643,503.4
MOTHERSON SUMI WIRING INDIA LTD585.3453.7631,469.4
RATNAMANI METALS & TUBES LTD624.5632.3120,179.8
SHYAM METALICS AND ENERGY LTD1,101.7315.4617,031.2
WELSPUN CORP LTD894.1616.4414,699.1
JINDAL SAW LTD1,406.6011.2915,874.2

Steel & Iron Products Industry Benchmark (Top 10) PE Analysis vs HITECH PIPES 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE -51.58x
Max industry PE 56.96x
Median industry PE 21.19x
Average industry PE 21.67x



You may also like the below Video Courses