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INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY
PB (Price/Book ) Ratio

The Current P/B Ratio of INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY is 2.22.

Share Price ₹108.9Oct 05,2026
Market Cap ₹30,592.2 Cr
Book Value₹13,785.4 CrMar2026 - Consolidated Results
Price/Book 2.22xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY

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 RENEWABLE ENERGY DEVELOPMENT AGENCY is calculated as :

Current Market Cap [ ₹30,592.2 Cr] as on Oct 05,2026

(/) Book Value [ ₹13,785.4 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 2.22x ]

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

Thus, for INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY , the investors are currently willing to pay '2.22 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 RENEWABLE ENERGY DEVELOPMENT AGENCY !

The chart below summarizes the trend in P/B Ratio of INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY over the last five years.

Historical PB (Price/Book ) ratio chart of INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY


PB Ratio Performance Analysis for INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY

- INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's latest p/b ratio is 2.22x.

- INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's p/b ratio for fiscal years ending Mar2026 to Mar2020 averaged 2.14x.

- INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's operated at median p/b ratio of 2.23x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's p/b ratio peaked in Mar2024 at 4.27x.

- INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's p/b ratio hit its five-year low in Mar2021 of 0x.


How does INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's P/B Ratio benchmark against top 10 peers in Finance - NBFC Industry?

Peer Comparison (Finance - NBFC Industry)Book ValuePB RatioMarket Cap
INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 13,785.402.2230,592.2
BAJAJ FINANCE LTD112,798.005.36604,540.0
SHRIRAM FINANCE LTD65,897.903.48229,422.0
JIO FINANCIAL SERVICES LTD129,897.001.08139,987.0
MUTHOOT FINANCE LTD39,130.302.79109,280.0
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD30,142.804.56137,397.0
TATA CAPITAL LTD45,768.002.95134,859.0
BAJAJ HOLDINGS & INVESTMENT LTD73,150.601.62118,196.0
ADITYA BIRLA CAPITAL LTD34,022.103.03103,204.0
L&T FINANCE LTD27,914.802.3766,219.1
SBI CARDS AND PAYMENT SERVICES LTD15,710.403.4353,958.2

Finance - NBFC Industry Benchmark (Top 10) PB Analysis vs INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.08x
Max industry PB 5.36x
Median industry PB 2.95x
Average industry PB 2.99x



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