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BANNARI AMMAN SPINNING MILLS
PB (Price/Book ) Ratio

The Current P/B Ratio of BANNARI AMMAN SPINNING MILLS is 0.71.

Share Price ₹46.0Apr 25,2024
Market Cap ₹298.1 Cr
Book Value₹420.8 CrMar2023 - Consolidated Results
Price/Book 0.71xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of BANNARI AMMAN SPINNING MILLS

Price-to-Book ratio, P/B Multiple, or P/B Ratio is an important valuation multiple that is defined as:

P/B = Market Capitalization / Book Value

or, using per-share numbers:

P/B = Stock Price / Book Value Per Share

Applying the above formula, P/B ratio of BANNARI AMMAN SPINNING MILLS is calculated as :

Current Market Cap [ ₹298.1 Cr] as on Apr 25,2024

(/) Book Value [ ₹420.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 0.71x ]

P/B Ratio indicates 'the multiple of book value' investors are willing to pay to own one share of the company.

Thus, for BANNARI AMMAN SPINNING MILLS , the investors are currently willing to pay '0.71 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 BANNARI AMMAN SPINNING MILLS !

The chart below summarizes the trend in P/B Ratio of BANNARI AMMAN SPINNING MILLS over the last five years.

Historical PB (Price/Book ) ratio chart of BANNARI AMMAN SPINNING MILLS


PB Ratio Performance Analysis for BANNARI AMMAN SPINNING MILLS

- BANNARI AMMAN SPINNING MILLS 's latest p/b ratio is 0.71x.

- BANNARI AMMAN SPINNING MILLS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.73x.

- BANNARI AMMAN SPINNING MILLS 's operated at median p/b ratio of 0.64x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, BANNARI AMMAN SPINNING MILLS 's p/b ratio peaked in Mar2022 at 1.11x.

- BANNARI AMMAN SPINNING MILLS 's p/b ratio hit its five-year low in Mar2020 of 0.34x.


How does BANNARI AMMAN SPINNING MILLS 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Book ValuePB RatioMarket Cap
BANNARI AMMAN SPINNING MILLS 420.840.71298.1
TRIDENT LTD4,192.024.8720,434.8
FILATEX INDIA LTD1,098.372.582,833.6
NITIN SPINNERS LTD1,028.901.952,011.3
NAHAR SPINNING MILLS LTD1,553.890.681,051.1
SUTLEJ TEXTILES AND INDUSTRIES LTD1,109.400.88977.2
AMBIKA COTTON MILLS LTD816.621.08883.3
RAJAPALAYAM MILLS LTD2,241.720.41912.2
NAHAR INDUSTRIAL ENTERPRISES LTD959.710.59562.3
SUPER SALES INDIA LTD434.361.25540.9
PRECOT LTD405.711.21490.8

Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs BANNARI AMMAN SPINNING MILLS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.41x
Max industry PB 4.87x
Median industry PB 1.08x
Average industry PB 1.47x



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