HITECH GEARS
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The Current P/E Ratio of HITECH GEARS is 12.78.
Share Price | ₹768.5 | Mar 28,2024 |
Market Cap | ₹1,444.8 Cr | |
Earnings-TTM | ₹113.1 Cr | TTM-Consolidated Results |
Price/Earnings | 12.78x | Calculated as Market Cap/Earnings |
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Explore Stock Analytics |
Definition & Calculation of PE (Price/Earnings) ratio of HITECH GEARS
P/E =
Market Capitalization
/ Net Income
or, using per-share numbers:
P/E = Stock Price /
Earnings Per Share (EPS)
Current Market Cap [ ₹1,444.8 Cr] as on Mar 28,2024
(/) Earnings [ ₹113.1 Cr] based on TTM-Consolidated Results
(=) P/E Ratio [ 12.78x ]
Thus, for HITECH GEARS , the investors are currently willing to pay 12.78 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 GEARS !
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 GEARS over the last five years.
Historical PE (Price/Earnings) ratio chart of HITECH GEARS
PE Ratio Performance Analysis for HITECH GEARS
- HITECH GEARS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 12.69x.
- HITECH GEARS 's operated at median p/e ratio of 15.53x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HITECH GEARS 's p/e ratio peaked in Mar2023 at 20.51x.
- HITECH GEARS 's p/e ratio hit its five-year low in Mar2022 of 0x.
How does HITECH GEARS 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?
Peer Comparison (Auto Ancillary Industry) | Earnings-TTM (Cr) | PE Ratio | Market Cap |
---|---|---|---|
HITECH GEARS | 113.07 | 12.78 | 1,444.8 |
BOSCH LTD | 2,324.70 | 38.12 | 88,617.3 |
SAMVARDHANA MOTHERSON INTERNATIONAL LTD | 2,137.98 | 37.10 | 79,318.0 |
SONA BLW PRECISION FORGINGS LTD | 489.51 | 84.53 | 41,376.8 |
UNO MINDA LTD | 665.44 | 59.05 | 39,293.9 |
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD | 407.46 | 70.47 | 28,713.6 |
ENDURANCE TECHNOLOGIES LTD | 606.80 | 42.42 | 25,740.6 |
JBM AUTO LTD | 157.18 | 135.75 | 21,336.5 |
TVS HOLDINGS LTD | 1,761.18 | 9.37 | 16,508.4 |
MINDA CORPORATION LTD | 279.60 | 35.76 | 9,998.3 |
CRAFTSMAN AUTOMATION LTD | 346.36 | 26.36 | 9,131.1 |
Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs HITECH GEARS 's P/E Ratio
Top 10 Industry Peers | PE Ratio |
---|---|
Min industry PE | 9.37x |
Max industry PE | 135.75x |
Median industry PE | 38.12x |
Average industry PE | 50.16x |
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