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THE HITECH GEARS
PS (Price/Sales) Ratio

The Current P/S Ratio of THE HITECH GEARS is 1.97.

Share Price ₹1,160.8Apr 25,2024
Market Cap ₹2,182.3 Cr
Sales-TTM₹1,106.6 CrTTM-Consolidated Results
Price/Sales1.97xCalculated as Market Cap/Sales
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Definition & Calculation of PS (Price/Sales) ratio of THE HITECH GEARS

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 THE HITECH GEARS is calculated as :

Current Market Cap [ ₹2,182.3 Cr] as on Apr 25,2024

(/) Sales [ ₹1,106.6 Cr] based on TTM-Consolidated Results

(=) P/S Ratio [ 1.97x ]

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

Thus, for THE HITECH GEARS , the investors are currently willing to pay '1.97 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 THE HITECH GEARS !

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

Historical PS (Price/Sales) ratio chart of THE HITECH GEARS


PS Ratio Performance Analysis for THE HITECH GEARS

- THE HITECH GEARS 's latest p/e ratio is 1.97x.

- THE HITECH GEARS 's p/e ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.41x.

- THE HITECH GEARS 's operated at median p/e ratio of 0.42x 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 Mar2019 at 0.6x.

- THE HITECH GEARS 's p/e ratio hit its five-year low in Mar2020 of 0.18x.


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

Peer Comparison (Auto Ancillary Industry)Sales (Cr)PS RatioMarket Cap (Cr)
THE HITECH GEARS 1,106.61.972,182.3
BOSCH LTD16,557.15.1585,260.2
SAMVARDHANA MOTHERSON INTERNATIONAL LTD94,110.40.9286,196.1
SONA BLW PRECISION FORGINGS LTD3,044.712.8539,119.0
UNO MINDA LTD13,125.83.1341,148.2
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD3,833.96.9226,536.6
ENDURANCE TECHNOLOGIES LTD9,790.42.8127,516.5
JBM AUTO LTD4,533.54.7521,526.9
TVS HOLDINGS LTD38,397.70.4517,236.7
MINDA CORPORATION LTD4,510.72.179,797.5
CRAFTSMAN AUTOMATION LTD4,326.82.249,692.2

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

Top 10 Industry PeersPS Ratio
Min industry PS 0.45x
Max industry PS 12.85x
Median industry PS 2.81x
Average industry PS 3.94x



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