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NITCO
PB (Price/Book ) Ratio

The Current P/B Ratio of NITCO is -5.17.

Share Price ₹115.9Apr 17,2025
Market Cap ₹2,649.5 Cr
Book Value₹-512.2 CrMar2024 - Consolidated Results
Price/Book -5.17xCalculated 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 [ ₹2,649.5 Cr] as on Apr 17,2025

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

(=) P/B Ratio [ -5.17x ]

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 '-5.17 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 -5.17x.

- 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 -512.17-5.172,649.5
KAJARIA CERAMICS LTD2,601.044.9812,945.7
CERA SANITARYWARE LTD1,345.795.427,288.0
POKARNA LTD592.335.062,995.9
SOMANY CERAMICS LTD713.272.531,803.4
ASIAN GRANITO INDIA LTD1,242.900.53664.2
GLOBAL SURFACES LTD280.631.84516.6
ORIENT BELL LTD309.031.19367.2
EXXARO TILES LTD276.741.03285.5
MURUDESHWAR CERAMICS LTD365.500.59215.0
REGENCY CERAMICS LTD-62.34-1.97122.7

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

Top 10 Industry PeersPB Ratio
Min industry PB -5.17x
Max industry PB 5.42x
Median industry PB 1.19x
Average industry PB 1.46x



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