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HITECH PIPES
PS (Price/Sales) Ratio

The Current P/S Ratio of HITECH PIPES is 0.49.

Share Price ₹83.5Mar 02,2026
Market Cap ₹1,695.7 Cr
Sales-TTM₹3,453.5 CrTTM-Consolidated Results
Price/Sales0.49xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of HITECH PIPES

Price-to-Sales ratio, P/S Multiple, or P/S Ratio is an important valuation multiple that is defined as:

P/S = Market Capitalization / Sales

or, using per-share numbers:

P/S = Stock Price / Sales Per Share

Applying the above formula, P/S ratio of HITECH PIPES is calculated as :

Current Market Cap [ ₹1,695.7 Cr] as on Mar 02,2026

(/) Sales [ ₹3,453.5 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.49x ]

P/S Ratio indicates 'the multiple of sales' investors are willing to pay to own one share of the company.

Thus, for HITECH PIPES , the investors are currently willing to pay '0.49 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 PIPES !

The chart below summarizes the trend in P/S Ratio of HITECH PIPES over the last five years.

Historical PS (Price/Sales) ratio chart of HITECH PIPES


PS Ratio Performance Analysis for HITECH PIPES

- HITECH PIPES 's latest p/e ratio is 0.49x.

- HITECH PIPES 's p/e ratio for fiscal years ending Mar2025 to Mar2021 averaged 0.51x.

- HITECH PIPES 's operated at median p/e ratio of 0.43x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH PIPES 's p/e ratio peaked in Mar2024 at 0.78x.

- HITECH PIPES 's p/e ratio hit its five-year low in Mar2022 of 0.33x.


How does HITECH PIPES 's P/S Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Sales (Cr)PS RatioMarket Cap (Cr)
HITECH PIPES 3,453.50.491,695.7
JSW STEEL LTD179,109.01.73310,145.0
TATA STEEL LTD225,088.01.17263,276.0
JINDAL STAINLESS LTD41,815.81.5464,543.8
STEEL AUTHORITY OF INDIA LTD109,313.00.6368,360.2
APL APOLLO TUBES LTD21,699.82.8461,685.2
MOTHERSON SUMI WIRING INDIA LTD10,652.52.6328,025.4
SHYAM METALICS AND ENERGY LTD17,436.71.3423,416.4
WELSPUN CORP LTD16,382.51.3221,570.2
RATNAMANI METALS & TUBES LTD5,124.33.2716,752.3
SARDA ENERGY & MINERALS LTD5,675.73.3919,215.3

Steel & Iron Products Industry Benchmark (Top 10) PS Analysis vs HITECH PIPES 's P/S Ratio

Top 10 Industry PeersPS Ratio
Min industry PS 0.49x
Max industry PS 3.39x
Median industry PS 1.54x
Average industry PS 1.85x



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