HITECH PIPES
|
The Current P/E Ratio of HITECH PIPES is 21.10.
| Share Price | ₹78.2 | Aug 14,2026 |
| Market Cap | ₹1,588.2 Cr | |
| Earnings-TTM | ₹75.3 Cr | TTM-Consolidated Results |
| Price/Earnings | 21.10x | Calculated as Market Cap/Earnings |
|---|---|---|
| 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 [ ₹1,588.2 Cr] as on Aug 14,2026
(/) Earnings [ ₹75.3 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 21.10x ]
Thus, for HITECH PIPES , the investors are currently willing to pay 21.10 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 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 Ratio | Market Cap |
|---|---|---|---|
| HITECH PIPES | 75.28 | 21.10 | 1,588.2 |
| JSW STEEL LTD | 28,468.00 | 10.88 | 309,839.0 |
| TATA STEEL LTD | 10,878.80 | 21.05 | 228,947.0 |
| STEEL AUTHORITY OF INDIA LTD | 3,894.18 | 17.98 | 70,012.4 |
| JINDAL STAINLESS LTD | 3,173.57 | 19.15 | 60,772.1 |
| APL APOLLO TUBES LTD | 1,229.04 | 47.31 | 58,141.7 |
| WELSPUN CORP LTD | 1,405.08 | 35.16 | 49,405.4 |
| SHYAM METALICS AND ENERGY LTD | 1,120.14 | 24.91 | 27,897.8 |
| GODAWARI POWER AND ISPAT LTD | 799.43 | 19.84 | 15,858.2 |
| SARDA ENERGY & MINERALS LTD | 1,103.05 | 16.95 | 18,700.9 |
| RATNAMANI METALS & TUBES LTD | 514.35 | 32.02 | 16,467.8 |
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 | 10.88x |
| Max industry PE | 47.31x |
| Median industry PE | 21.05x |
| Average industry PE | 24.21x |
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