MEGHMANI ORGANICS
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The Current P/B Ratio of MEGHMANI ORGANICS is 1.54.
Share Price | ₹92.3 | Nov 22,2024 |
Market Cap | ₹2,347.2 Cr | |
Book Value | ₹1,527.7 Cr | Mar2024 - Consolidated Results |
Price/Book | 1.54x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of MEGHMANI ORGANICS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,347.2 Cr] as on Nov 22,2024
(/) Book Value [ ₹1,527.7 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 1.54x ]
Thus, for MEGHMANI ORGANICS , the investors are currently willing to pay '1.54 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 MEGHMANI ORGANICS !
The chart below summarizes the trend in P/B Ratio of MEGHMANI ORGANICS over the last five years.
Historical PB (Price/Book ) ratio chart of MEGHMANI ORGANICS
PB Ratio Performance Analysis for MEGHMANI ORGANICS
- MEGHMANI ORGANICS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 0.86x.
- MEGHMANI ORGANICS 's operated at median p/b ratio of 1.18x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, MEGHMANI ORGANICS 's p/b ratio peaked in Mar2022 at 1.81x.
- MEGHMANI ORGANICS 's p/b ratio hit its five-year low in Mar2021 of 0x.
How does MEGHMANI ORGANICS 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?
Peer Comparison (Chemicals Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
MEGHMANI ORGANICS | 1,527.69 | 1.54 | 2,347.2 |
PIDILITE INDUSTRIES LTD | 8,397.31 | 17.92 | 150,478.0 |
SOLAR INDUSTRIES INDIA LTD | 3,305.60 | 27.46 | 90,766.5 |
SRF LTD | 11,458.80 | 5.60 | 64,201.2 |
GUJARAT FLUOROCHEMICALS LTD | 5,936.34 | 7.06 | 41,885.3 |
DEEPAK NITRITE LTD | 4,796.62 | 7.59 | 36,422.4 |
TATA CHEMICALS LTD | 22,241.00 | 1.22 | 27,243.6 |
GODREJ INDUSTRIES LTD | 7,989.07 | 4.33 | 34,611.4 |
AARTI INDUSTRIES LTD | 5,287.42 | 2.95 | 15,617.3 |
ATUL LTD | 5,114.34 | 4.18 | 21,377.7 |
VINATI ORGANICS LTD | 2,301.19 | 8.31 | 19,132.0 |
Chemicals Industry Benchmark (Top 10) PB Analysis vs MEGHMANI ORGANICS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.22x |
Max industry PB | 27.46x |
Median industry PB | 5.60x |
Average industry PB | 8.02x |
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