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DEEPAK NITRITE
PB (Price/Book ) Ratio

The Current P/B Ratio of DEEPAK NITRITE is 7.57.

Share Price ₹2,270.2Apr 19,2024
Market Cap ₹30,965.5 Cr
Book Value₹4,090.0 CrMar2023 - Consolidated Results
Price/Book 7.57xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of DEEPAK NITRITE

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 DEEPAK NITRITE is calculated as :

Current Market Cap [ ₹30,965.5 Cr] as on Apr 19,2024

(/) Book Value [ ₹4,090.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 7.57x ]

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

Thus, for DEEPAK NITRITE , the investors are currently willing to pay '7.57 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 DEEPAK NITRITE !

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

Historical PB (Price/Book ) ratio chart of DEEPAK NITRITE


PB Ratio Performance Analysis for DEEPAK NITRITE

- DEEPAK NITRITE 's latest p/b ratio is 7.57x.

- DEEPAK NITRITE 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 6.36x.

- DEEPAK NITRITE 's operated at median p/b ratio of 6.14x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, DEEPAK NITRITE 's p/b ratio peaked in Mar2021 at 9.63x.

- DEEPAK NITRITE 's p/b ratio hit its five-year low in Mar2020 of 3.35x.


How does DEEPAK NITRITE 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
DEEPAK NITRITE 4,089.967.5730,965.5
PIDILITE INDUSTRIES LTD7,168.6420.06143,804.0
SOLAR INDUSTRIES INDIA LTD2,610.3429.5677,156.8
SRF LTD10,315.407.2674,909.5
GUJARAT FLUOROCHEMICALS LTD5,520.727.1639,553.7
TATA CHEMICALS LTD19,721.001.4328,108.5
GODREJ INDUSTRIES LTD7,974.133.4927,857.8
AARTI INDUSTRIES LTD4,920.065.3326,212.7
ATUL LTD4,671.383.7217,360.0
VINATI ORGANICS LTD2,218.297.6817,046.8
HIMADRI SPECIALITY CHEMICAL LTD2,174.147.5616,445.3

Chemicals Industry Benchmark (Top 10) PB Analysis vs DEEPAK NITRITE 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.43x
Max industry PB 29.56x
Median industry PB 7.26x
Average industry PB 9.17x



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