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HINDUSTAN ADHESIVES
PB (Price/Book ) Ratio

The Current P/B Ratio of HINDUSTAN ADHESIVES is 2.90.

Share Price ₹431.0Nov 19,2024
Market Cap ₹219.8 Cr
Book Value₹75.7 CrMar2024 - Consolidated Results
Price/Book 2.90xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HINDUSTAN ADHESIVES

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

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of HINDUSTAN ADHESIVES is calculated as :

Current Market Cap [ ₹219.8 Cr] as on Nov 19,2024

(/) Book Value [ ₹75.7 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 2.90x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for HINDUSTAN ADHESIVES , the investors are currently willing to pay '2.90 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 HINDUSTAN ADHESIVES !

The chart below summarizes the trend in P/B Ratio of HINDUSTAN ADHESIVES over the last five years.

Historical PB (Price/Book ) ratio chart of HINDUSTAN ADHESIVES


PB Ratio Performance Analysis for HINDUSTAN ADHESIVES

- HINDUSTAN ADHESIVES 's latest p/b ratio is 2.90x.

- HINDUSTAN ADHESIVES 's p/b ratio for fiscal years ending Mar2024 to Mar2016 averaged 1.60x.

- HINDUSTAN ADHESIVES 's operated at median p/b ratio of 1.68x from fiscal years ending March 2018 to 2022.

- Looking back at the last 4 fiscal years, HINDUSTAN ADHESIVES 's p/b ratio peaked in Mar2024 at 2.47x.

- HINDUSTAN ADHESIVES 's p/b ratio hit its five-year low in Mar2016 of 1x.


How does HINDUSTAN ADHESIVES 's P/B Ratio benchmark against top 10 peers in Plastic Products Industry?

Peer Comparison (Plastic Products Industry)Book ValuePB RatioMarket Cap
HINDUSTAN ADHESIVES 75.692.90219.8
ASTRAL LTD3,186.5014.5746,418.7
SUPREME INDUSTRIES LTD5,108.8311.5659,062.4
FINOLEX INDUSTRIES LTD5,634.272.8916,290.6
RESPONSIVE INDUSTRIES LTD1,137.066.026,842.5
PRINCE PIPES AND FITTINGS LTD1,544.413.164,878.5
EPL LTD2,054.604.038,289.0
JAI CORP LTD1,486.143.515,211.6
TIME TECHNOPLAST LTD2,552.223.258,306.7
GARWARE HITECH FILMS LTD2,044.805.2910,810.4
JAIN IRRIGATION SYSTEMS LTD5,391.740.814,378.6

Plastic Products Industry Benchmark (Top 10) PB Analysis vs HINDUSTAN ADHESIVES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.81x
Max industry PB 14.57x
Median industry PB 3.51x
Average industry PB 5.27x



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