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HITECH PIPES
PS (Price/Sales) Ratio

The Current P/S Ratio of HITECH PIPES is 0.72.

Share Price ₹130.5Apr 19,2024
Market Cap ₹1,955.4 Cr
Sales-TTM₹2,720.1 CrTTM-Consolidated Results
Price/Sales0.72xCalculated 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 [ ₹1,955.4 Cr] as on Apr 19,2024

(/) Sales [ ₹2,720.1 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 0.72x ]

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 '0.72 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 0.72x.

- HITECH PIPES 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.27x.

- HITECH PIPES 's operated at median p/e ratio of 0.33x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH PIPES 's p/e ratio peaked in Mar2023 at 0.43x.

- HITECH PIPES 's p/e ratio hit its five-year low in Mar2020 of 0.07x.


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 2,720.10.721,955.4
JSW STEEL LTD175,699.01.20211,593.0
TATA STEEL LTD233,445.00.87202,357.0
JINDAL STAINLESS LTD38,873.51.4757,006.4
STEEL AUTHORITY OF INDIA LTD106,550.00.5760,285.0
APL APOLLO TUBES LTD17,784.22.4343,155.1
MOTHERSON SUMI WIRING INDIA LTD7,945.13.9030,987.6
RATNAMANI METALS & TUBES LTD5,062.54.0320,381.3
SHYAM METALICS AND ENERGY LTD12,942.91.2816,593.0
WELSPUN CORP LTD16,948.60.8213,821.2
JINDAL SAW LTD20,720.00.7415,351.4

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.57x
Max industry PS 4.03x
Median industry PS 1.20x
Average industry PS 1.64x



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