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DAMODAR INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of DAMODAR INDUSTRIES is 1.06.

Share Price ₹52.4Apr 24,2024
Market Cap ₹122.0 Cr
Book Value₹115.0 CrMar2023 - Standalone Results
Price/Book 1.06xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of DAMODAR INDUSTRIES

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 DAMODAR INDUSTRIES is calculated as :

Current Market Cap [ ₹122.0 Cr] as on Apr 24,2024

(/) Book Value [ ₹115.0 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.06x ]

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

Thus, for DAMODAR INDUSTRIES , the investors are currently willing to pay '1.06 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 DAMODAR INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of DAMODAR INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of DAMODAR INDUSTRIES


PB Ratio Performance Analysis for DAMODAR INDUSTRIES

- DAMODAR INDUSTRIES 's latest p/b ratio is 1.06x.

- DAMODAR INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.77x.

- DAMODAR INDUSTRIES 's operated at median p/b ratio of 0.8x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DAMODAR INDUSTRIES 's p/b ratio peaked in Mar2022 at 1.21x.

- DAMODAR INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.45x.


How does DAMODAR INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Book ValuePB RatioMarket Cap
DAMODAR INDUSTRIES 114.971.06122.0
TRIDENT LTD4,192.024.8520,343.1
FILATEX INDIA LTD1,098.372.582,837.1
NITIN SPINNERS LTD1,028.901.941,998.3
NAHAR SPINNING MILLS LTD1,553.890.671,047.2
SUTLEJ TEXTILES AND INDUSTRIES LTD1,109.400.88980.8
AMBIKA COTTON MILLS LTD816.621.10899.9
RAJAPALAYAM MILLS LTD2,241.720.40904.4
NAHAR INDUSTRIAL ENTERPRISES LTD959.710.59563.2
SUPER SALES INDIA LTD434.361.28554.6
PRECOT LTD405.711.19481.2

Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs DAMODAR INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.40x
Max industry PB 4.85x
Median industry PB 1.10x
Average industry PB 1.50x



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