NITCO
|
The Current P/B Ratio of NITCO is -1.63.
Share Price | ₹116.5 | Nov 21,2024 |
Market Cap | ₹837.3 Cr | |
Book Value | ₹-512.2 Cr | Mar2024 - Consolidated Results |
Price/Book | -1.63x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of NITCO
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹837.3 Cr] as on Nov 21,2024
(/) Book Value [ ₹-512.2 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ -1.63x ]
Thus, for NITCO , the investors are currently willing to pay '-1.63 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 NITCO !
The chart below summarizes the trend in P/B Ratio of NITCO over the last five years.
Historical PB (Price/Book ) ratio chart of NITCO
PB Ratio Performance Analysis for NITCO
- NITCO 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged -0.50x.
- NITCO 's operated at median p/b ratio of -0.78x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITCO 's p/b ratio peaked in Mar2020 at 1.42x.
- NITCO 's p/b ratio hit its five-year low in Mar2021 of -1.89x.
How does NITCO 's P/B Ratio benchmark against top 10 peers in Ceramics/Marble/Granite/Sanitaryware Industry?
Peer Comparison (Ceramics/Marble/Granite/Sanitaryware Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NITCO | -512.17 | -1.63 | 837.3 |
KAJARIA CERAMICS LTD | 2,601.04 | 6.98 | 18,157.0 |
CERA SANITARYWARE LTD | 1,345.79 | 6.66 | 8,960.5 |
SOMANY CERAMICS LTD | 713.27 | 3.59 | 2,560.3 |
POKARNA LTD | 592.33 | 5.23 | 3,096.1 |
GLOBAL SURFACES LTD | 280.63 | 2.66 | 745.9 |
ASIAN GRANITO INDIA LTD | 1,242.90 | 0.76 | 949.9 |
ORIENT BELL LTD | 309.03 | 1.55 | 478.9 |
EXXARO TILES LTD | 276.74 | 1.48 | 408.2 |
MURUDESHWAR CERAMICS LTD | 365.50 | 0.78 | 284.4 |
ASI INDUSTRIES LTD | 322.16 | 1.11 | 356.5 |
Ceramics/Marble/Granite/Sanitaryware Industry Benchmark (Top 10) PB Analysis vs NITCO 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -1.63x |
Max industry PB | 6.98x |
Median industry PB | 1.55x |
Average industry PB | 2.65x |
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