STEELCAST
|
The Current P/B Ratio of STEELCAST is 5.69.
Share Price | ₹759.3 | Nov 22,2024 |
Market Cap | ₹1,533.7 Cr | |
Book Value | ₹269.6 Cr | Mar2024 - Standalone Results |
Price/Book | 5.69x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of STEELCAST
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,533.7 Cr] as on Nov 22,2024
(/) Book Value [ ₹269.6 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 5.69x ]
Thus, for STEELCAST , the investors are currently willing to pay '5.69 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 STEELCAST !
The chart below summarizes the trend in P/B Ratio of STEELCAST over the last five years.
Historical PB (Price/Book ) ratio chart of STEELCAST
PB Ratio Performance Analysis for STEELCAST
- STEELCAST 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 3.45x.
- STEELCAST 's operated at median p/b ratio of 4.28x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, STEELCAST 's p/b ratio peaked in Mar2024 at 4.91x.
- STEELCAST 's p/b ratio hit its five-year low in Mar2020 of 1.34x.
How does STEELCAST 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?
Peer Comparison (Castings/Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
STEELCAST | 269.62 | 5.69 | 1,533.7 |
AIA ENGINEERING LTD | 6,657.74 | 4.79 | 31,885.7 |
PTC INDUSTRIES LTD | 642.19 | 27.66 | 17,763.6 |
ELECTROSTEEL CASTINGS LTD | 5,112.85 | 1.75 | 8,954.4 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 3,216.88 | 3.04 | 9,772.4 |
ALICON CASTALLOY LTD | 540.87 | 3.35 | 1,811.8 |
NELCAST LTD | 519.19 | 1.85 | 960.9 |
UNI ABEX ALLOY PRODUCTS LTD | 113.18 | 5.23 | 592.1 |
SYNERGY GREEN INDUSTRIES LTD | 46.69 | 12.46 | 582.0 |
NITIN CASTINGS LTD | 71.70 | 4.96 | 355.4 |
INVESTMENT & PRECISION CASTINGS LTD | 85.66 | 4.69 | 401.5 |
Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs STEELCAST 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.75x |
Max industry PB | 27.66x |
Median industry PB | 4.79x |
Average industry PB | 6.86x |
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