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HITECH PIPES
PE (Price/Earnings) Ratio

The Current P/E Ratio of HITECH PIPES is 21.53.

Share Price ₹80.8Feb 06,2026
Market Cap ₹1,640.8 Cr
Earnings-TTM₹76.2 CrTTM-Consolidated Results
Price/Earnings21.53xCalculated 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 [ ₹1,640.8 Cr] as on Feb 06,2026

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

(=) P/E Ratio [ 21.53x ]

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 21.53 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 21.53x.

- 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 76.2021.531,640.8
JSW STEEL LTD8,314.0036.36302,258.0
TATA STEEL LTD8,810.4727.92245,986.0
JINDAL STAINLESS LTD2,990.4921.6364,688.1
STEEL AUTHORITY OF INDIA LTD2,449.8427.0466,253.6
APL APOLLO TUBES LTD1,141.8653.4461,025.8
MOTHERSON SUMI WIRING INDIA LTD622.8145.7528,496.2
SHYAM METALICS AND ENERGY LTD968.6824.7824,008.1
WELSPUN CORP LTD1,661.2713.1021,762.7
RATNAMANI METALS & TUBES LTD621.7222.5214,000.5
SARDA ENERGY & MINERALS LTD1,016.6818.3318,639.2

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

Top 10 Industry PeersPE Ratio
Min industry PE 13.10x
Max industry PE 53.44x
Median industry PE 24.78x
Average industry PE 28.40x



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