HLE GLASCOAT
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The Current P/E Ratio of HLE GLASCOAT is 71.65.
| Share Price | ₹420.2 | Sep 28,2026 |
| Market Cap | ₹2,920.0 Cr | |
| Earnings-TTM | ₹40.8 Cr | TTM-Consolidated Results |
| Price/Earnings | 71.65x | Calculated as Market Cap/Earnings |
|---|---|---|
| Explore Stock Analytics | ||
Definition & Calculation of PE (Price/Earnings) ratio of HLE GLASCOAT
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹2,920.0 Cr] as on Sep 28,2026
(/) Earnings [ ₹40.8 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 71.65x ]
Thus, for HLE GLASCOAT , the investors are currently willing to pay 71.65 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 HLE GLASCOAT !
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 HLE GLASCOAT over the last five years.
Historical PE (Price/Earnings) ratio chart of HLE GLASCOAT
PE Ratio Performance Analysis for HLE GLASCOAT
- HLE GLASCOAT 's p/e ratio for fiscal years ending Mar2026 to Mar2022 averaged 46.99x.
- HLE GLASCOAT 's operated at median p/e ratio of 35.23x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HLE GLASCOAT 's p/e ratio peaked in Mar2024 at 93.88x.
- HLE GLASCOAT 's p/e ratio hit its five-year low in Mar2022 of 25.54x.
How does HLE GLASCOAT 's P/E Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?
| Peer Comparison (Engineering - Industrial Equipments Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
|---|---|---|---|
| HLE GLASCOAT | 40.75 | 71.65 | 2,920.0 |
| BHARAT HEAVY ELECTRICALS LTD | 2,373.63 | 60.44 | 143,461.0 |
| THERMAX LTD | 590.83 | 68.29 | 40,349.3 |
| KIRLOSKAR OIL ENGINES LTD | 534.60 | 58.28 | 31,157.0 |
| TRIVENI TURBINE LTD | 337.30 | 51.92 | 17,513.1 |
| JYOTI CNC AUTOMATION LTD | 321.72 | 73.90 | 23,774.8 |
| INOX INDIA LTD | 254.84 | 73.14 | 18,639.1 |
| AZAD ENGINEERING LTD | 139.29 | 126.40 | 17,605.9 |
| TEGA INDUSTRIES LTD | -6.53 | -2,318.84 | 15,142.0 |
| ELECON ENGINEERING COMPANY LTD | 236.06 | 45.70 | 10,786.9 |
| KRN HEAT EXCHANGER AND REFRIGERATION LTD | 96.94 | 93.74 | 9,087.6 |
Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs HLE GLASCOAT 's P/E Ratio
| Top 10 Industry Peers | PE Ratio |
|---|---|
| Min industry PE | -2,318.84x |
| Max industry PE | 126.40x |
| Median industry PE | 68.29x |
| Average industry PE | -145.03x |
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