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NELCAST
PB (Price/Book ) Ratio

The Current P/B Ratio of NELCAST is 2.07.

Share Price ₹123.6Dec 03,2024
Market Cap ₹1,075.3 Cr
Book Value₹519.2 CrMar2024 - Consolidated Results
Price/Book 2.07xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NELCAST

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 NELCAST is calculated as :

Current Market Cap [ ₹1,075.3 Cr] as on Dec 03,2024

(/) Book Value [ ₹519.2 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ 2.07x ]

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

Thus, for NELCAST , the investors are currently willing to pay '2.07 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 NELCAST !

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

Historical PB (Price/Book ) ratio chart of NELCAST


PB Ratio Performance Analysis for NELCAST

- NELCAST 's latest p/b ratio is 2.07x.

- NELCAST 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.38x.

- NELCAST 's operated at median p/b ratio of 1.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NELCAST 's p/b ratio peaked in Mar2024 at 2.15x.

- NELCAST 's p/b ratio hit its five-year low in Mar2020 of 0.62x.


How does NELCAST 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
NELCAST 519.192.071,075.3
AIA ENGINEERING LTD6,657.744.9132,675.2
PTC INDUSTRIES LTD642.1927.9617,954.4
ELECTROSTEEL CASTINGS LTD5,112.851.9710,095.0
KIRLOSKAR FERROUS INDUSTRIES LTD3,216.883.1710,192.0
ALICON CASTALLOY LTD540.873.411,846.3
STEELCAST LTD269.626.091,642.1
UNI ABEX ALLOY PRODUCTS LTD113.185.23591.6
SYNERGY GREEN INDUSTRIES LTD46.6915.58727.6
NITIN CASTINGS LTD71.704.97356.6
INVESTMENT & PRECISION CASTINGS LTD85.664.80411.1

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs NELCAST 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.97x
Max industry PB 27.96x
Median industry PB 4.91x
Average industry PB 7.29x



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