VEEDOL CORPORATION
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The Current P/B Ratio of VEEDOL CORPORATION is 3.20.
Share Price | ₹1,519.6 | Mar 06,2025 |
Market Cap | ₹2,644.0 Cr | |
Book Value | ₹827.5 Cr | Mar2024 - Consolidated Results |
Price/Book | 3.20x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of VEEDOL CORPORATION
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹2,644.0 Cr] as on Mar 06,2025
(/) Book Value [ ₹827.5 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 3.20x ]
Thus, for VEEDOL CORPORATION , the investors are currently willing to pay '3.20 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 VEEDOL CORPORATION !
The chart below summarizes the trend in P/B Ratio of VEEDOL CORPORATION over the last five years.
Historical PB (Price/Book ) ratio chart of VEEDOL CORPORATION
PB Ratio Performance Analysis for VEEDOL CORPORATION
- VEEDOL CORPORATION 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 2.19x.
- VEEDOL CORPORATION 's operated at median p/b ratio of 2x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, VEEDOL CORPORATION 's p/b ratio peaked in Mar2024 at 2.87x.
- VEEDOL CORPORATION 's p/b ratio hit its five-year low in Mar2020 of 1.6x.
How does VEEDOL CORPORATION 's P/B Ratio benchmark against top 10 peers in Lubricants Industry?
Peer Comparison (Lubricants Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
VEEDOL CORPORATION | 827.49 | 3.20 | 2,644.0 |
CASTROL INDIA LTD | 2,177.37 | 11.17 | 24,317.6 |
GULF OIL LUBRICANTS INDIA LTD | 1,284.69 | 4.68 | 6,018.6 |
SAVITA OIL TECHNOLOGIES LTD | 1,621.72 | 1.70 | 2,750.3 |
PANAMA PETROCHEM LTD | 1,102.71 | 2.07 | 2,280.0 |
GANDHAR OIL REFINERY (INDIA) LTD | 1,172.13 | 1.16 | 1,359.6 |
GP PETROLEUMS LTD | 303.31 | 0.72 | 219.3 |
Lubricants Industry Benchmark (Top 10) PB Analysis vs VEEDOL CORPORATION 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.72x |
Max industry PB | 11.17x |
Median industry PB | 2.07x |
Average industry PB | 3.53x |
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