NITIN SPINNERS
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The Current P/B Ratio of NITIN SPINNERS is 1.77.
Share Price | ₹361.6 | Nov 21,2024 |
Market Cap | ₹2,031.9 Cr | |
Book Value | ₹1,146.3 Cr | Mar2024 - Standalone Results |
Price/Book | 1.77x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of NITIN SPINNERS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,031.9 Cr] as on Nov 21,2024
(/) Book Value [ ₹1,146.3 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 1.77x ]
Thus, for NITIN SPINNERS , the investors are currently willing to pay '1.77 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 NITIN SPINNERS !
The chart below summarizes the trend in P/B Ratio of NITIN SPINNERS over the last five years.
Historical PB (Price/Book ) ratio chart of NITIN SPINNERS
PB Ratio Performance Analysis for NITIN SPINNERS
- NITIN SPINNERS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.08x.
- NITIN SPINNERS 's operated at median p/b ratio of 1.23x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/b ratio peaked in Mar2024 at 1.59x.
- NITIN SPINNERS 's p/b ratio hit its five-year low in Mar2020 of 0.32x.
How does NITIN SPINNERS 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?
Peer Comparison (Textile - Spinning Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NITIN SPINNERS | 1,146.33 | 1.77 | 2,031.9 |
TRIDENT LTD | 4,314.15 | 3.69 | 15,924.9 |
FILATEX INDIA LTD | 1,203.49 | 2.37 | 2,846.5 |
NAHAR SPINNING MILLS LTD | 1,481.18 | 0.58 | 858.9 |
SUTLEJ TEXTILES AND INDUSTRIES LTD | 961.10 | 0.97 | 935.8 |
AMBIKA COTTON MILLS LTD | 858.89 | 0.95 | 817.0 |
RAJAPALAYAM MILLS LTD | 2,301.63 | 0.39 | 908.3 |
NAHAR INDUSTRIAL ENTERPRISES LTD | 970.54 | 0.58 | 563.2 |
SUPER SALES INDIA LTD | 557.67 | 0.69 | 385.1 |
PRECOT LTD | 418.21 | 1.52 | 637.7 |
MARAL OVERSEAS LTD | 131.54 | 2.24 | 294.7 |
Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs NITIN SPINNERS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.39x |
Max industry PB | 3.69x |
Median industry PB | 0.97x |
Average industry PB | 1.43x |
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