INDIAN CARD CLOTHING COMPANY
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The Current P/B Ratio of INDIAN CARD CLOTHING COMPANY is 0.63.
Share Price | ₹264.5 | Nov 22,2024 |
Market Cap | ₹156.1 Cr | |
Book Value | ₹246.2 Cr | Mar2024 - Consolidated Results |
Price/Book | 0.63x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of INDIAN CARD CLOTHING COMPANY
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹156.1 Cr] as on Nov 22,2024
(/) Book Value [ ₹246.2 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 0.63x ]
Thus, for INDIAN CARD CLOTHING COMPANY , the investors are currently willing to pay '0.63 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 INDIAN CARD CLOTHING COMPANY !
The chart below summarizes the trend in P/B Ratio of INDIAN CARD CLOTHING COMPANY over the last five years.
Historical PB (Price/Book ) ratio chart of INDIAN CARD CLOTHING COMPANY
PB Ratio Performance Analysis for INDIAN CARD CLOTHING COMPANY
- INDIAN CARD CLOTHING COMPANY 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.71x.
- INDIAN CARD CLOTHING COMPANY 's operated at median p/b ratio of 0.64x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, INDIAN CARD CLOTHING COMPANY 's p/b ratio peaked in Mar2021 at 1.12x.
- INDIAN CARD CLOTHING COMPANY 's p/b ratio hit its five-year low in Mar2023 of 0.53x.
How does INDIAN CARD CLOTHING COMPANY 's P/B Ratio benchmark against top 10 peers in Textile - Machinery Industry?
Peer Comparison (Textile - Machinery Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
INDIAN CARD CLOTHING COMPANY | 246.25 | 0.63 | 156.1 |
LAKSHMI MACHINE WORKS LTD | 2,703.64 | 5.95 | 16,074.5 |
STOVEC INDUSTRIES LTD | 140.07 | 4.22 | 590.5 |
Textile - Machinery Industry Benchmark (Top 10) PB Analysis vs INDIAN CARD CLOTHING COMPANY 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.63x |
Max industry PB | 5.95x |
Median industry PB | 4.22x |
Average industry PB | 3.60x |
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