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HLE GLASCOAT
PE (Price/Earnings) Ratio

The Current P/E Ratio of HLE GLASCOAT is 47.41.

Share Price ₹503.1Nov 12,2025
Market Cap ₹3,496.5 Cr
Earnings-TTM₹73.7 CrTTM-Consolidated Results
Price/Earnings47.41xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of HLE GLASCOAT

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 HLE GLASCOAT is calculated as :

Current Market Cap [ ₹3,496.5 Cr] as on Nov 12,2025

(/) Earnings [ ₹73.7 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 47.41x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for HLE GLASCOAT , the investors are currently willing to pay 47.41 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 latest p/e ratio is 47.41x.

- HLE GLASCOAT 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 43.29x.

- HLE GLASCOAT 's operated at median p/e ratio of 36.48x 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 Mar2021 of 11.36x.


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 RatioMarket Cap
HLE GLASCOAT 73.7547.413,496.5
BHARAT HEAVY ELECTRICALS LTD502.33198.9499,935.2
THERMAX LTD590.2361.7936,472.0
JYOTI CNC AUTOMATION LTD346.1364.9822,491.0
TRIVENI TURBINE LTD343.0050.3517,270.4
KIRLOSKAR BROTHERS LTD375.2037.2613,978.8
ELECON ENGINEERING COMPANY LTD513.0722.9911,796.7
PRAJ INDUSTRIES LTD105.5458.406,164.2
KIRLOSKAR OIL ENGINES LTD487.8231.5415,386.2
TEGA INDUSTRIES LTD194.0867.0813,020.0
SHRIRAM PISTONS & RINGS LTD549.5221.6311,888.4

Engineering - Industrial Equipments Industry Benchmark (Top 10) PE Analysis vs HLE GLASCOAT 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 21.63x
Max industry PE 198.94x
Median industry PE 50.35x
Average industry PE 60.22x



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