SHALIMAR PAINTS
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The Current P/B Ratio of SHALIMAR PAINTS is 2.12.
Share Price | ₹99.2 | Nov 21,2024 |
Market Cap | ₹830.3 Cr | |
Book Value | ₹391.3 Cr | Mar2024 - Consolidated Results |
Price/Book | 2.12x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SHALIMAR PAINTS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹830.3 Cr] as on Nov 21,2024
(/) Book Value [ ₹391.3 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 2.12x ]
Thus, for SHALIMAR PAINTS , the investors are currently willing to pay '2.12 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 SHALIMAR PAINTS !
The chart below summarizes the trend in P/B Ratio of SHALIMAR PAINTS over the last five years.
Historical PB (Price/Book ) ratio chart of SHALIMAR PAINTS
PB Ratio Performance Analysis for SHALIMAR PAINTS
- SHALIMAR PAINTS 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.10x.
- SHALIMAR PAINTS 's operated at median p/b ratio of 2.41x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SHALIMAR PAINTS 's p/b ratio peaked in Mar2024 at 4.93x.
- SHALIMAR PAINTS 's p/b ratio hit its five-year low in Mar2020 of 0.98x.
How does SHALIMAR PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?
Peer Comparison (Paints Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SHALIMAR PAINTS | 391.27 | 2.12 | 830.3 |
ASIAN PAINTS LTD | 18,680.00 | 12.47 | 233,008.0 |
BERGER PAINTS INDIA LTD | 5,373.85 | 10.10 | 54,291.1 |
KANSAI NEROLAC PAINTS LTD | 5,566.70 | 3.71 | 20,662.9 |
AKZO NOBEL INDIA LTD | 1,329.90 | 12.42 | 16,513.8 |
INDIGO PAINTS LTD | 902.17 | 7.89 | 7,122.1 |
Paints Industry Benchmark (Top 10) PB Analysis vs SHALIMAR PAINTS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.12x |
Max industry PB | 12.47x |
Median industry PB | 10.10x |
Average industry PB | 8.12x |
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