HITECH CORPORATION
|
The Current P/S Ratio of HITECH CORPORATION is 0.75.
Share Price | ₹241.8 | Apr 23,2024 |
Market Cap | ₹415.9 Cr | |
Sales-TTM | ₹551.7 Cr | TTM-Standalone Results |
Price/Sales | 0.75x | Calculated as Market Cap/Sales |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PS (Price/Sales) ratio of HITECH CORPORATION
P/S =
Market Capitalization
/
Sales
or, using per-share numbers:
P/S = Stock Price / Sales Per Share
Current Market Cap [ ₹415.9 Cr] as on Apr 23,2024
(/) Sales [ ₹551.7 Cr] based on TTM-Standalone Results
(=) P/S Ratio [ 0.75x ]
Thus, for HITECH CORPORATION , the investors are currently willing to pay '0.75 times sales' to own 1 share of the company.
PS Multiples are one of the most widely used valuation multiple in the industry.
P/S ratios can be a reliable benchmark to compare companies with negative earnings or book value.
You may also explore Price to Earnings ratio or Price to Book ratio of HITECH CORPORATION !
The chart below summarizes the trend in P/S Ratio of HITECH CORPORATION over the last five years.
Historical PS (Price/Sales) ratio chart of HITECH CORPORATION
PS Ratio Performance Analysis for HITECH CORPORATION
- HITECH CORPORATION 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.44x.
- HITECH CORPORATION 's operated at median p/e ratio of 0.48x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HITECH CORPORATION 's p/e ratio peaked in Mar2022 at 0.66x.
- HITECH CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 0.18x.
How does HITECH CORPORATION 's P/S Ratio benchmark against top 10 peers in Plastic Products Industry?
Peer Comparison (Plastic Products Industry) | Sales (Cr) | PS Ratio | Market Cap (Cr) |
---|---|---|---|
HITECH CORPORATION | 551.7 | 0.75 | 415.9 |
ASTRAL LTD | 5,522.5 | 9.53 | 52,626.7 |
SUPREME INDUSTRIES LTD | 9,724.7 | 5.48 | 53,251.6 |
FINOLEX INDUSTRIES LTD | 4,223.1 | 3.75 | 15,819.1 |
RESPONSIVE INDUSTRIES LTD | 1,035.9 | 7.41 | 7,675.7 |
PRINCE PIPES AND FITTINGS LTD | 2,593.0 | 2.65 | 6,869.2 |
EPL LTD | 3,856.2 | 1.47 | 5,667.1 |
JAI CORP LTD | 465.1 | 12.32 | 5,729.1 |
TIME TECHNOPLAST LTD | 4,790.6 | 1.26 | 6,037.5 |
GARWARE HITECH FILMS LTD | 1,579.5 | 2.56 | 4,043.1 |
JAIN IRRIGATION SYSTEMS LTD | 6,166.1 | 0.64 | 3,960.8 |
Plastic Products Industry Benchmark (Top 10) PS Analysis vs HITECH CORPORATION 's P/S Ratio
Top 10 Industry Peers | PS Ratio |
---|---|
Min industry PS | 0.64x |
Max industry PS | 12.32x |
Median industry PS | 2.65x |
Average industry PS | 4.35x |
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