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INDIAN CARD CLOTHING COMPANY
PB (Price/Book ) Ratio

The Current P/B Ratio of INDIAN CARD CLOTHING COMPANY is 0.65.

Share Price ₹263.0Apr 16,2024
Market Cap ₹155.2 Cr
Book Value₹238.5 CrMar2023 - Consolidated Results
Price/Book 0.65xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INDIAN CARD CLOTHING COMPANY

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 INDIAN CARD CLOTHING COMPANY is calculated as :

Current Market Cap [ ₹155.2 Cr] as on Apr 16,2024

(/) Book Value [ ₹238.5 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 0.65x ]

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

Thus, for INDIAN CARD CLOTHING COMPANY , the investors are currently willing to pay '0.65 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 INDIAN CARD CLOTHING COMPANY !

The chart below summarizes the trend in P/B Ratio of INDIAN CARD CLOTHING COMPANY over the last five years.

Historical PB (Price/Book ) ratio chart of INDIAN CARD CLOTHING COMPANY


PB Ratio Performance Analysis for INDIAN CARD CLOTHING COMPANY

- INDIAN CARD CLOTHING COMPANY 's latest p/b ratio is 0.65x.

- INDIAN CARD CLOTHING COMPANY 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.76x.

- INDIAN CARD CLOTHING COMPANY 's operated at median p/b ratio of 0.66x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDIAN CARD CLOTHING COMPANY 's p/b ratio peaked in Mar2021 at 1.12x.

- INDIAN CARD CLOTHING COMPANY 's p/b ratio hit its five-year low in Mar2023 of 0.53x.


How does INDIAN CARD CLOTHING COMPANY 's P/B Ratio benchmark against top 10 peers in Textile - Machinery Industry?

Peer Comparison (Textile - Machinery Industry)Book ValuePB RatioMarket Cap
INDIAN CARD CLOTHING COMPANY 238.480.65155.2
LAKSHMI MACHINE WORKS LTD2,338.557.7818,205.2
STOVEC INDUSTRIES LTD140.073.98557.5

Textile - Machinery Industry Benchmark (Top 10) PB Analysis vs INDIAN CARD CLOTHING COMPANY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.65x
Max industry PB 7.78x
Median industry PB 3.98x
Average industry PB 4.14x



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