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HP ADHESIVES
PB (Price/Book ) Ratio

The Current P/B Ratio of HP ADHESIVES is 1.76.

Share Price ₹35.9May 18,2026
Market Cap ₹329.9 Cr
Book Value₹187.7 CrMar2026 - Consolidated Results
Price/Book 1.76xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of HP ADHESIVES

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 HP ADHESIVES is calculated as :

Current Market Cap [ ₹329.9 Cr] as on May 18,2026

(/) Book Value [ ₹187.7 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 1.76x ]

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

Thus, for HP ADHESIVES , the investors are currently willing to pay '1.76 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 HP ADHESIVES !

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

Historical PB (Price/Book ) ratio chart of HP ADHESIVES


PB Ratio Performance Analysis for HP ADHESIVES

- HP ADHESIVES 's latest p/b ratio is 1.76x.

- HP ADHESIVES 's p/b ratio for fiscal years ending Mar2025 to Mar2024 averaged 3.80x.

- HP ADHESIVES 's operated at median p/b ratio of 5.2x from fiscal years ending March 2018 to 2022.

- Looking back at the last 2 fiscal years, HP ADHESIVES 's p/b ratio peaked in Mar2024 at 5.2x.

- HP ADHESIVES 's p/b ratio hit its five-year low in Mar2025 of 2.4x.


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

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
HP ADHESIVES 187.751.76329.9
SOLAR INDUSTRIES INDIA LTD6,277.2025.98163,093.0
PIDILITE INDUSTRIES LTD10,832.2013.62147,537.0
SRF LTD14,041.705.5778,232.4
GUJARAT FLUOROCHEMICALS LTD7,202.605.6340,522.0
GODREJ INDUSTRIES LTD11,176.503.4939,010.4
NAVIN FLUORINE INTERNATIONAL LTD3,974.588.9135,429.9
DEEPAK NITRITE LTD5,836.834.0823,841.5
ATUL LTD6,221.943.2520,244.2
TATA CHEMICALS LTD22,175.000.8418,597.2
AARTI INDUSTRIES LTD5,955.002.8116,742.8

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

Top 10 Industry PeersPB Ratio
Min industry PB 0.84x
Max industry PB 25.98x
Median industry PB 4.08x
Average industry PB 6.90x



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