HEG
|
The Current P/B Ratio of HEG is 2.12.
Share Price | ₹489.0 | Jun 20,2025 |
Market Cap | ₹9,436.7 Cr | |
Book Value | ₹4,453.8 Cr | Mar2025 - Consolidated Results |
Price/Book | 2.12x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of HEG
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹9,436.7 Cr] as on Jun 20,2025
(/) Book Value [ ₹4,453.8 Cr] based on Mar2025 - Consolidated Results
(=) P/B Ratio [ 2.12x ]
Thus, for HEG , the investors are currently willing to pay '2.12 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 HEG !
The chart below summarizes the trend in P/B Ratio of HEG over the last five years.
Historical PB (Price/Book ) ratio chart of HEG
PB Ratio Performance Analysis for HEG
- HEG 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 1.19x.
- HEG 's operated at median p/b ratio of 1.36x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HEG 's p/b ratio peaked in Mar2021 at 1.62x.
- HEG 's p/b ratio hit its five-year low in Mar2020 of 0.53x.
How does HEG 's P/B Ratio benchmark against top 10 peers in Electrodes & Welding Equipment Industry?
Peer Comparison (Electrodes & Welding Equipment Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
HEG | 4,453.77 | 2.12 | 9,436.7 |
GRAPHITE INDIA LTD | 5,866.00 | 1.82 | 10,649.0 |
ESAB INDIA LTD | 361.25 | 21.41 | 7,732.9 |
ADOR WELDING LTD | 515.70 | 3.37 | 1,739.8 |
DIFFUSION ENGINEERS LTD | 190.70 | 5.96 | 1,137.4 |
DE NORA INDIA LTD | 120.15 | 3.69 | 443.4 |
GEE LTD | 204.29 | 2.18 | 444.5 |
PANASONIC CARBON INDIA COMPANY LTD | 171.90 | 1.52 | 260.8 |
D&H INDIA LTD | 41.74 | 4.41 | 184.1 |
Electrodes & Welding Equipment Industry Benchmark (Top 10) PB Analysis vs HEG 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.52x |
Max industry PB | 21.41x |
Median industry PB | 3.37x |
Average industry PB | 5.16x |
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