Home > PB Ratio > ELECTROSTEEL CASTINGS

ELECTROSTEEL CASTINGS
PB (Price/Book ) Ratio

The Current P/B Ratio of ELECTROSTEEL CASTINGS is 2.53.

Share Price ₹178.7May 07,2024
Market Cap ₹11,044.1 Cr
Book Value₹4,357.6 CrMar2023 - Consolidated Results
Price/Book 2.53xCalculated as MarketCap/Book Value
Explore Stock Analytics
COMMUNITY POLL
for ELECTROSTEEL CASTINGS
Please provide your vote to see the results
ELECTROSTEEL CASTINGS is part of below Screeners ↓
Top Small Cap Stocks with Best Fundamentals
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PB (Price/Book ) ratio of ELECTROSTEEL CASTINGS

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 ELECTROSTEEL CASTINGS is calculated as :

Current Market Cap [ ₹11,044.1 Cr] as on May 07,2024

(/) Book Value [ ₹4,357.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.53x ]

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

Thus, for ELECTROSTEEL CASTINGS , the investors are currently willing to pay '2.53 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 ELECTROSTEEL CASTINGS !

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

Historical PB (Price/Book ) ratio chart of ELECTROSTEEL CASTINGS


PB Ratio Performance Analysis for ELECTROSTEEL CASTINGS

- ELECTROSTEEL CASTINGS 's latest p/b ratio is 2.53x.

- ELECTROSTEEL CASTINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.35x.

- ELECTROSTEEL CASTINGS 's operated at median p/b ratio of 0.31x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, ELECTROSTEEL CASTINGS 's p/b ratio peaked in Mar2022 at 0.57x.

- ELECTROSTEEL CASTINGS 's p/b ratio hit its five-year low in Mar2020 of 0.14x.


How does ELECTROSTEEL CASTINGS 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
ELECTROSTEEL CASTINGS 4,357.642.5311,044.1
AIA ENGINEERING LTD5,691.336.3135,903.5
PTC INDUSTRIES LTD267.5439.1310,468.3
KIRLOSKAR FERROUS INDUSTRIES LTD2,082.423.827,954.7
ALICON CASTALLOY LTD487.852.891,409.3
STEELCAST LTD215.216.121,316.5
NELCAST LTD468.402.831,323.7
UNI ABEX ALLOY PRODUCTS LTD81.596.90562.9
SYNERGY GREEN INDUSTRIES LTD45.8210.97502.8
NITIN CASTINGS LTD59.925.41324.0
INVESTMENT & PRECISION CASTINGS LTD78.394.08320.0

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs ELECTROSTEEL CASTINGS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 2.53x
Max industry PB 39.13x
Median industry PB 5.41x
Average industry PB 8.27x



You may also like the below Video Courses