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KANSAI NEROLAC PAINTS
PB (Price/Book ) Ratio

The Current P/B Ratio of KANSAI NEROLAC PAINTS is 3.53.

Share Price ₹242.9Apr 03,2025
Market Cap ₹19,636.0 Cr
Book Value₹5,566.7 CrMar2024 - Consolidated Results
Price/Book 3.53xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of KANSAI NEROLAC PAINTS

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 KANSAI NEROLAC PAINTS is calculated as :

Current Market Cap [ ₹19,636.0 Cr] as on Apr 03,2025

(/) Book Value [ ₹5,566.7 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 3.53x ]

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

Thus, for KANSAI NEROLAC PAINTS , the investors are currently willing to pay '3.53 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 KANSAI NEROLAC PAINTS !

The chart below summarizes the trend in P/B Ratio of KANSAI NEROLAC PAINTS over the last five years.

Historical PB (Price/Book ) ratio chart of KANSAI NEROLAC PAINTS


PB Ratio Performance Analysis for KANSAI NEROLAC PAINTS

- KANSAI NEROLAC PAINTS 's latest p/b ratio is 3.53x.

- KANSAI NEROLAC PAINTS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 5.60x.

- KANSAI NEROLAC PAINTS 's operated at median p/b ratio of 5.53x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, KANSAI NEROLAC PAINTS 's p/b ratio peaked in Mar2021 at 7.99x.

- KANSAI NEROLAC PAINTS 's p/b ratio hit its five-year low in Mar2024 of 3.81x.


How does KANSAI NEROLAC PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Book ValuePB RatioMarket Cap
KANSAI NEROLAC PAINTS 5,566.703.5319,636.0
ASIAN PAINTS LTD18,680.0012.06225,287.0
BERGER PAINTS INDIA LTD5,373.8511.0959,594.7
AKZO NOBEL INDIA LTD1,329.9012.1216,119.5
INDIGO PAINTS LTD889.245.254,672.7
SHALIMAR PAINTS LTD391.272.18854.8

Paints Industry Benchmark (Top 10) PB Analysis vs KANSAI NEROLAC PAINTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.18x
Max industry PB 12.12x
Median industry PB 11.09x
Average industry PB 7.71x



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