ELECTROSTEEL CASTINGS
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The Current P/B Ratio of ELECTROSTEEL CASTINGS is 1.75.
Share Price | ₹144.9 | Nov 22,2024 |
Market Cap | ₹8,954.6 Cr | |
Book Value | ₹5,112.9 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.75x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of ELECTROSTEEL CASTINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹8,954.6 Cr] as on Nov 22,2024
(/) Book Value [ ₹5,112.9 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.75x ]
Thus, for ELECTROSTEEL CASTINGS , the investors are currently willing to pay '1.75 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of ELECTROSTEEL CASTINGS !
The chart below summarizes the trend in P/B Ratio of ELECTROSTEEL CASTINGS over the last five years.
Historical PB (Price/Book ) ratio chart of ELECTROSTEEL CASTINGS
PB Ratio Performance Analysis for ELECTROSTEEL CASTINGS
- ELECTROSTEEL CASTINGS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.72x.
- ELECTROSTEEL CASTINGS 's operated at median p/b ratio of 0.44x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, ELECTROSTEEL CASTINGS 's p/b ratio peaked in Mar2024 at 2.16x.
- ELECTROSTEEL CASTINGS 's p/b ratio hit its five-year low in Mar2020 of 0.14x.
How does ELECTROSTEEL CASTINGS 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?
Peer Comparison (Castings/Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
ELECTROSTEEL CASTINGS | 5,112.85 | 1.75 | 8,954.6 |
AIA ENGINEERING LTD | 6,657.74 | 4.79 | 31,885.7 |
PTC INDUSTRIES LTD | 642.19 | 27.66 | 17,763.6 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 3,216.88 | 3.04 | 9,772.4 |
ALICON CASTALLOY LTD | 540.87 | 3.35 | 1,811.8 |
STEELCAST LTD | 269.62 | 5.70 | 1,536.7 |
NELCAST LTD | 519.19 | 1.85 | 960.9 |
UNI ABEX ALLOY PRODUCTS LTD | 113.18 | 5.23 | 592.1 |
SYNERGY GREEN INDUSTRIES LTD | 46.69 | 12.46 | 582.0 |
NITIN CASTINGS LTD | 71.70 | 4.96 | 355.4 |
INVESTMENT & PRECISION CASTINGS LTD | 85.66 | 4.69 | 401.5 |
Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs ELECTROSTEEL CASTINGS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.75x |
Max industry PB | 27.66x |
Median industry PB | 4.79x |
Average industry PB | 6.86x |
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