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HITECH PIPES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH PIPES is 22.67.

Share Price ₹85.0Jun 11,2026
Market Cap ₹1,726.4 Cr
Earnings-TTM₹76.2 CrTTM-Consolidated Results
Price/Earnings22.67xCalculated as Market Cap/Earnings
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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 [ ₹1,726.4 Cr] as on Jun 11,2026

(/) Earnings [ ₹76.2 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 22.67x ]

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 22.67 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 22.67x.

- HITECH PIPES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 21.37x.

- HITECH PIPES 's operated at median p/e ratio of 27.17x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH PIPES 's p/e ratio peaked in Mar2024 at 47.53x.

- HITECH PIPES 's p/e ratio hit its five-year low in Mar2022 of 1.53x.


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 76.1622.671,726.4
JSW STEEL LTD25,983.0012.07313,642.0
TATA STEEL LTD10,517.3023.50247,172.0
STEEL AUTHORITY OF INDIA LTD2,947.4125.4174,886.4
JINDAL STAINLESS LTD3,167.8417.6655,932.8
APL APOLLO TUBES LTD1,203.1040.6848,940.1
WELSPUN CORP LTD1,278.1528.6536,615.5
SHYAM METALICS AND ENERGY LTD1,060.0725.4827,010.2
GODAWARI POWER AND ISPAT LTD795.5523.5418,725.6
SARDA ENERGY & MINERALS LTD1,063.3117.3418,436.6
RATNAMANI METALS & TUBES LTD534.4733.1817,731.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 12.07x
Max industry PE 40.68x
Median industry PE 23.54x
Average industry PE 24.56x



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