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NITCO
PB (Price/Book ) Ratio

The Current P/B Ratio of NITCO is -5.32.

Share Price ₹119.1Apr 03,2025
Market Cap ₹2,723.8 Cr
Book Value₹-512.2 CrMar2024 - Consolidated Results
Price/Book -5.32xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NITCO

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 NITCO is calculated as :

Current Market Cap [ ₹2,723.8 Cr] as on Apr 03,2025

(/) Book Value [ ₹-512.2 Cr] based on Mar2024 - Consolidated Results

(=) P/B Ratio [ -5.32x ]

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

Thus, for NITCO , the investors are currently willing to pay '-5.32 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 latest p/b ratio is -5.32x.

- 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 ValuePB RatioMarket Cap
NITCO -512.17-5.322,723.8
KAJARIA CERAMICS LTD2,601.045.0713,183.8
CERA SANITARYWARE LTD1,345.795.487,371.8
POKARNA LTD592.334.982,947.2
SOMANY CERAMICS LTD713.272.491,779.2
ASIAN GRANITO INDIA LTD1,242.900.54667.0
GLOBAL SURFACES LTD280.631.68471.5
ORIENT BELL LTD309.031.20370.8
EXXARO TILES LTD276.741.01278.3
MURUDESHWAR CERAMICS LTD365.500.56205.5
REGENCY CERAMICS LTD-62.34-1.98123.6

Ceramics/Marble/Granite/Sanitaryware Industry Benchmark (Top 10) PB Analysis vs NITCO 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -5.32x
Max industry PB 5.48x
Median industry PB 1.20x
Average industry PB 1.43x



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