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HLE GLASCOAT
PE (Price/Earnings) Ratio

The Current P/E Ratio of HLE GLASCOAT is 41.34.

Share Price ₹272.0Apr 25,2025
Market Cap ₹1,857.4 Cr
Earnings-TTM₹44.9 CrTTM-Consolidated Results
Price/Earnings41.34xCalculated 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 [ ₹1,857.4 Cr] as on Apr 25,2025

(/) Earnings [ ₹44.9 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 41.34x ]

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 41.34 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 41.34x.

- HLE GLASCOAT 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 36.65x.

- HLE GLASCOAT 's operated at median p/e ratio of 25.54x 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 Mar2020 of 3.24x.


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 44.9341.341,857.4
BHARAT HEAVY ELECTRICALS LTD456.39169.2677,249.6
THERMAX LTD609.5367.3841,071.4
JYOTI CNC AUTOMATION LTD306.6880.2824,619.7
TRIVENI TURBINE LTD339.5747.4216,102.1
KIRLOSKAR BROTHERS LTD422.4032.6413,785.4
ELECON ENGINEERING COMPANY LTD406.9728.5011,598.1
PRAJ INDUSTRIES LTD271.0534.309,297.3
KIRLOSKAR OIL ENGINES LTD494.9921.5510,664.9
TEGA INDUSTRIES LTD182.4150.849,274.4
SHRIRAM PISTONS & RINGS LTD480.4817.078,204.1

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

Top 10 Industry PeersPE Ratio
Min industry PE 17.07x
Max industry PE 169.26x
Median industry PE 41.34x
Average industry PE 53.69x



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