SOLAR INDUSTRIES INDIA
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The Current P/B Ratio of SOLAR INDUSTRIES INDIA is 25.46.
Share Price | ₹9,300.5 | Jan 27,2025 |
Market Cap | ₹84,169.1 Cr | |
Book Value | ₹3,305.6 Cr | Mar2024 - Consolidated Results |
Price/Book | 25.46x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SOLAR INDUSTRIES INDIA
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹84,169.1 Cr] as on Jan 27,2025
(/) Book Value [ ₹3,305.6 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 25.46x ]
Thus, for SOLAR INDUSTRIES INDIA , the investors are currently willing to pay '25.46 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 SOLAR INDUSTRIES INDIA !
The chart below summarizes the trend in P/B Ratio of SOLAR INDUSTRIES INDIA over the last five years.
Historical PB (Price/Book ) ratio chart of SOLAR INDUSTRIES INDIA
PB Ratio Performance Analysis for SOLAR INDUSTRIES INDIA
- SOLAR INDUSTRIES INDIA 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 12.69x.
- SOLAR INDUSTRIES INDIA 's operated at median p/b ratio of 12.88x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SOLAR INDUSTRIES INDIA 's p/b ratio peaked in Mar2024 at 24.05x.
- SOLAR INDUSTRIES INDIA 's p/b ratio hit its five-year low in Mar2020 of 5.97x.
How does SOLAR INDUSTRIES INDIA 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?
Peer Comparison (Chemicals Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SOLAR INDUSTRIES INDIA | 3,305.60 | 25.46 | 84,169.1 |
PIDILITE INDUSTRIES LTD | 8,397.31 | 17.37 | 145,887.0 |
SRF LTD | 11,458.80 | 6.65 | 76,170.8 |
GUJARAT FLUOROCHEMICALS LTD | 5,936.34 | 6.54 | 38,830.3 |
DEEPAK NITRITE LTD | 4,796.62 | 6.30 | 30,224.7 |
TATA CHEMICALS LTD | 22,241.00 | 1.08 | 24,052.8 |
GODREJ INDUSTRIES LTD | 7,989.07 | 3.54 | 28,245.1 |
AARTI INDUSTRIES LTD | 5,287.42 | 2.87 | 15,175.1 |
ATUL LTD | 5,114.34 | 3.64 | 18,637.7 |
VINATI ORGANICS LTD | 2,301.19 | 7.50 | 17,264.5 |
HIMADRI SPECIALITY CHEMICAL LTD | 3,044.34 | 7.83 | 23,822.6 |
Chemicals Industry Benchmark (Top 10) PB Analysis vs SOLAR INDUSTRIES INDIA 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.08x |
Max industry PB | 25.46x |
Median industry PB | 6.54x |
Average industry PB | 8.07x |
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