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INDEF MANUFACTURING
PB (Price/Book ) Ratio

The Current P/B Ratio of INDEF MANUFACTURING is 3.03.

Share Price ₹255.5Jul 01,2026
Market Cap ₹817.4 Cr
Book Value₹269.8 CrMar2026 - Consolidated Results
Price/Book 3.03xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INDEF MANUFACTURING

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 INDEF MANUFACTURING is calculated as :

Current Market Cap [ ₹817.4 Cr] as on Jul 01,2026

(/) Book Value [ ₹269.8 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 3.03x ]

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

Thus, for INDEF MANUFACTURING , the investors are currently willing to pay '3.03 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 INDEF MANUFACTURING !

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

Historical PB (Price/Book ) ratio chart of INDEF MANUFACTURING


PB Ratio Performance Analysis for INDEF MANUFACTURING

- INDEF MANUFACTURING 's latest p/b ratio is 3.03x.

- INDEF MANUFACTURING 's p/b ratio for fiscal years ending Mar2025 to Mar2025 averaged 3.29x.

- INDEF MANUFACTURING 's operated at median p/b ratio of 3.29x from fiscal years ending March 2018 to 2022.

- Looking back at the last 1 fiscal years, INDEF MANUFACTURING 's p/b ratio peaked in Mar2025 at 3.29x.

- INDEF MANUFACTURING 's p/b ratio hit its five-year low in Mar2025 of 3.29x.


How does INDEF MANUFACTURING 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
INDEF MANUFACTURING 269.773.03817.4
BHARAT HEAVY ELECTRICALS LTD26,146.605.51144,053.0
THERMAX LTD5,549.9710.9660,818.0
KIRLOSKAR OIL ENGINES LTD3,620.199.4034,028.4
TRIVENI TURBINE LTD1,446.0014.8921,527.8
JYOTI CNC AUTOMATION LTD2,001.338.8517,704.9
INOX INDIA LTD1,107.7315.6417,325.8
AZAD ENGINEERING LTD1,528.908.6713,262.8
TEGA INDUSTRIES LTD3,407.183.6612,479.5
ELECON ENGINEERING COMPANY LTD2,305.855.3512,340.9
KRN HEAT EXCHANGER AND REFRIGERATION LTD574.0014.048,059.3

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs INDEF MANUFACTURING 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.03x
Max industry PB 15.64x
Median industry PB 8.85x
Average industry PB 9.09x



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