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HITECH PIPES
PB (Price/Book ) Ratio

The Current P/B Ratio of HITECH PIPES is 6.16.

Share Price ₹160.0Dec 26,2024
Market Cap ₹3,248.6 Cr
Book Value₹527.5 CrMar2024 - Consolidated Results
Price/Book 6.16xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HITECH PIPES

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 HITECH PIPES is calculated as :

Current Market Cap [ ₹3,248.6 Cr] as on Dec 26,2024

(/) Book Value [ ₹527.5 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 6.16x ]

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

Thus, for HITECH PIPES , the investors are currently willing to pay '6.16 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 HITECH PIPES !

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

Historical PB (Price/Book ) ratio chart of HITECH PIPES


PB Ratio Performance Analysis for HITECH PIPES

- HITECH PIPES 's latest p/b ratio is 6.16x.

- HITECH PIPES 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.43x.

- HITECH PIPES 's operated at median p/b ratio of 2.39x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HITECH PIPES 's p/b ratio peaked in Mar2024 at 3.97x.

- HITECH PIPES 's p/b ratio hit its five-year low in Mar2020 of 0.45x.


How does HITECH PIPES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
HITECH PIPES 527.556.163,248.6
JSW STEEL LTD77,223.002.90223,637.0
TATA STEEL LTD92,035.801.90175,205.0
JINDAL STAINLESS LTD14,348.404.2160,361.7
STEEL AUTHORITY OF INDIA LTD57,101.200.8548,575.0
APL APOLLO TUBES LTD3,604.6211.5241,508.0
MOTHERSON SUMI WIRING INDIA LTD1,676.8015.3725,766.2
RATNAMANI METALS & TUBES LTD3,140.537.3323,022.8
SHYAM METALICS AND ENERGY LTD9,685.182.1220,559.5
WELSPUN CORP LTD5,596.023.7420,938.1
JINDAL SAW LTD10,034.801.8918,980.6

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

Top 10 Industry PeersPB Ratio
Min industry PB 0.85x
Max industry PB 15.37x
Median industry PB 3.74x
Average industry PB 5.27x



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