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THE HITECH GEARS
PE (Price/Earnings) Ratio

The Current P/E Ratio of THE HITECH GEARS is 17.96.

Share Price ₹1,080.0May 06,2024
Market Cap ₹2,030.4 Cr
Earnings-TTM₹113.1 CrTTM-Consolidated Results
Price/Earnings17.96xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of THE HITECH GEARS

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 THE HITECH GEARS is calculated as :

Current Market Cap [ ₹2,030.4 Cr] as on May 06,2024

(/) Earnings [ ₹113.1 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 17.96x ]

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

Thus, for THE HITECH GEARS , the investors are currently willing to pay 17.96 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 THE 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 THE HITECH GEARS over the last five years.

Historical PE (Price/Earnings) ratio chart of THE HITECH GEARS


PE Ratio Performance Analysis for THE HITECH GEARS

- THE HITECH GEARS 's latest p/e ratio is 17.96x.

- THE HITECH GEARS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 12.69x.

- THE 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, THE HITECH GEARS 's p/e ratio peaked in Mar2023 at 20.51x.

- THE HITECH GEARS 's p/e ratio hit its five-year low in Mar2022 of 0x.


How does THE HITECH GEARS 's P/E Ratio benchmark against top 10 peers in Auto Ancillary Industry?

Peer Comparison (Auto Ancillary Industry)Earnings-TTM (Cr)PE RatioMarket Cap
THE HITECH GEARS 113.0717.962,030.4
BOSCH LTD2,324.7038.0688,483.3
SAMVARDHANA MOTHERSON INTERNATIONAL LTD2,137.9840.5186,602.7
SONA BLW PRECISION FORGINGS LTD517.7868.6935,565.9
UNO MINDA LTD665.4463.1442,018.0
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD407.4662.6325,518.8
ENDURANCE TECHNOLOGIES LTD606.8045.6027,671.2
JBM AUTO LTD183.64123.7422,723.0
TVS HOLDINGS LTD1,761.1811.0219,408.7
MINDA CORPORATION LTD279.6034.869,746.1
CRAFTSMAN AUTOMATION LTD336.4827.179,140.7

Auto Ancillary Industry Benchmark (Top 10) PE Analysis vs THE HITECH GEARS 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.02x
Max industry PE 123.74x
Median industry PE 40.51x
Average industry PE 48.49x



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