Valuation · at the close on 16 Oct 2026

Hi-Tech Lubricants Limited (HTL) valuation

At Rs 35.91 (close on 16 Oct 2026) HTL trades at 10.6× earnings (FY2026), below its five-year average of 27.9× and above the Oil & Gas Marketing Companies median of 6.8×. The shares are priced at 0.75× book value (sector median 1.11×). Enterprise value of Rs 8.9 bn is 5.1× EBITDA. The dividend yield is 3.2%, against a five-year average of 2.9%.

P/E · today

10.6×

FY2026

5-yr average27.9× Sector median6.8×

P/B · today

0.75×

FY2026

5-yr average0.83× Sector median1.11×

EV/EBITDA · today

5.1×

5-yr average5.6× Sector median4.7×

Dividend yield · today

3.2%

FY2026

5-yr average2.9% Payers' median3.2%

Market value Rs 5.0 bn at Rs 35.91. Sector medians use the latest close of 9 Oil & Gas Marketing Companies companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10 All

HTL valuation history (annual) (Rs bn)

Rs bn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011
Market capitalisation	6.1	6.3	5.0	3.0	5.5	8.2	3.5	3.2	11.8	12.6	6.9	—	—	—	—	—
Enterprise value	10.0	9.2	7.6	6.2	7.7	8.6	3.9	4.4	11.9	13.0	5.9	—	—	—	—	—
Share price (period end) Rs	44.08	45.09	35.66	21.23	39.65	59.09	25.23	23.05	84.43	90.84	49.31	—	—	—	—	—
P/E (diluted)	12.97×	61.65×	—	—	8.94×	12.63×	28.88×	78.13×	15.47×	17.01×	11.14×	—	—	—	—	—
Price to book	0.92×	1.02×	0.84×	0.49×	0.88×	1.91×	0.88×	0.82×	2.88×	3.39×	2.08×	—	—	—	—	—
Price to sales	0.16×	0.19×	0.20×	0.19×	0.31×	0.78×	0.62×	0.34×	1.27×	1.73×	0.82×	—	—	—	—	—
EV / EBITDA	5.72×	6.79×	7.46×	6.41×	3.44×	7.80×	7.25×	5.69×	8.42×	10.26×	6.40×	—	—	—	—	—
EV / Sales	0.27×	0.28×	0.31×	0.40×	0.44×	0.81×	0.70×	0.46×	1.28×	1.77×	0.85×	—	—	—	—	—
Dividend yield (gross)	0.0%	0.0%	0.0%	9.4%	8.7%	4.1%	0.8%	6.3%	3.5%	2.5%	2.2%	—	—	—	—	—
Free cash flow yield	(22.8%)	(5.0%)	14.1%	(20.9%)	(19.9%)	6.1%	25.1%	(28.9%)	5.4%	(8.8%)	(4.7%)	—	—	—	—	—
PEG ratio	0.04×	0.35×	—	—	(1.71×)	0.03×	0.15×	(0.83×)	7.08×	0.82×	0.14×	—	—	—	—	—
P/E (diluted, normalised)	12.97×	79.76×	—	—	8.93×	12.63×	28.80×	78.13×	15.47×	17.01×	11.14×	—	—	—	—	—
Price to book — 5-year average	0.83×	0.98×	0.95×	0.96×	1.43×	1.97×	2.00×	—	—	—	—	—	—	—	—	—
EV / EBITDA — 5-year average	5.56×	5.88×	5.80×	5.48×	6.02×	8.21×	7.96×	—	—	—	—	—	—	—	—	—
Dividend yield — 5-year average	2.9%	3.9%	4.5%	5.7%	4.5%	3.3%	2.9%	—	—	—	—	—	—	—	—	—

HTL valuation: frequently asked questions

What is HTL's P/E ratio? +

At the closing price of Rs 35.91 on 16 Oct 2026, HTL trades at a P/E of 10.6× based on EPS of Rs 3.40 (FY2026).

What is HTL's book value per share? +

Hi-Tech Lubricants Limited's book value per share was Rs 48.02 at the end of FY2026. The shares trade at 0.75× book value.

Information only, not investment advice.