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HINDCON CHEMICALS
PB (Price/Book ) Ratio

The Current P/B Ratio of HINDCON CHEMICALS is 5.93.

Share Price ₹49.1Apr 19,2024
Market Cap ₹251.1 Cr
Book Value₹42.3 CrMar2023 - Consolidated Results
Price/Book 5.93xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HINDCON CHEMICALS

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 HINDCON CHEMICALS is calculated as :

Current Market Cap [ ₹251.1 Cr] as on Apr 19,2024

(/) Book Value [ ₹42.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 5.93x ]

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

Thus, for HINDCON CHEMICALS , the investors are currently willing to pay '5.93 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 HINDCON CHEMICALS !

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

Historical PB (Price/Book ) ratio chart of HINDCON CHEMICALS


PB Ratio Performance Analysis for HINDCON CHEMICALS

- HINDCON CHEMICALS 's latest p/b ratio is 5.93x.

- HINDCON CHEMICALS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.83x.

- HINDCON CHEMICALS 's operated at median p/b ratio of 0.57x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, HINDCON CHEMICALS 's p/b ratio peaked in Mar2023 at 1.43x.

- HINDCON CHEMICALS 's p/b ratio hit its five-year low in Mar2020 of 0.26x.


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

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
HINDCON CHEMICALS 42.355.93251.1
PIDILITE INDUSTRIES LTD7,168.6420.57147,431.0
SOLAR INDUSTRIES INDIA LTD2,610.3429.5277,067.2
SRF LTD10,315.407.3776,022.6
GUJARAT FLUOROCHEMICALS LTD5,520.727.3740,688.4
DEEPAK NITRITE LTD4,089.967.6731,384.0
TATA CHEMICALS LTD19,721.001.4428,406.6
GODREJ INDUSTRIES LTD7,974.133.5528,335.9
AARTI INDUSTRIES LTD4,920.065.3126,136.5
ATUL LTD4,671.383.7117,344.9
VINATI ORGANICS LTD2,218.297.6316,931.7

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

Top 10 Industry PeersPB Ratio
Min industry PB 1.44x
Max industry PB 29.52x
Median industry PB 7.37x
Average industry PB 9.10x



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