HITECH PIPES
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The Current P/E Ratio of HITECH PIPES is 24.49.
Share Price | ₹88.0 | Aug 07,2025 |
Market Cap | ₹1,786.5 Cr | |
Earnings-TTM | ₹72.9 Cr | TTM-Consolidated Results |
Price/Earnings | 24.49x | 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 [ ₹1,786.5 Cr] as on Aug 07,2025
(/) Earnings [ ₹72.9 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 24.49x ]
Thus, for HITECH PIPES , the investors are currently willing to pay 24.49 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 Mar2024 to Mar2020 averaged 15.71x.
- HITECH PIPES 's operated at median p/e ratio of 1.95x 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 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 | 72.94 | 24.49 | 1,786.5 |
JSW STEEL LTD | 5,232.00 | 49.87 | 260,930.0 |
TATA STEEL LTD | 4,084.55 | 48.81 | 199,361.0 |
JINDAL STAINLESS LTD | 2,624.24 | 22.81 | 59,846.9 |
STEEL AUTHORITY OF INDIA LTD | 2,581.37 | 19.72 | 50,908.7 |
APL APOLLO TUBES LTD | 801.06 | 55.26 | 44,266.3 |
MOTHERSON SUMI WIRING INDIA LTD | 600.09 | 42.33 | 25,399.3 |
SHYAM METALICS AND ENERGY LTD | 923.70 | 29.19 | 26,958.6 |
WELSPUN CORP LTD | 1,385.65 | 16.56 | 22,950.3 |
RATNAMANI METALS & TUBES LTD | 562.83 | 28.99 | 16,317.8 |
SARDA ENERGY & MINERALS LTD | 909.74 | 21.56 | 19,610.0 |
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 | 16.56x |
Max industry PE | 55.26x |
Median industry PE | 28.99x |
Average industry PE | 32.69x |
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