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INDIGO PAINTS
PB (Price/Book ) Ratio

The Current P/B Ratio of INDIGO PAINTS is 8.23.

Share Price ₹1,325.4Apr 26,2024
Market Cap ₹6,308.7 Cr
Book Value₹766.3 CrMar2023 - Standalone Results
Price/Book 8.23xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INDIGO PAINTS

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 INDIGO PAINTS is calculated as :

Current Market Cap [ ₹6,308.7 Cr] as on Apr 26,2024

(/) Book Value [ ₹766.3 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 8.23x ]

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

Thus, for INDIGO PAINTS , the investors are currently willing to pay '8.23 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 INDIGO PAINTS !

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

Historical PB (Price/Book ) ratio chart of INDIGO PAINTS


PB Ratio Performance Analysis for INDIGO PAINTS

- INDIGO PAINTS 's latest p/b ratio is 8.23x.

- INDIGO PAINTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 7.64x.

- INDIGO PAINTS 's operated at median p/b ratio of 6.27x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDIGO PAINTS 's p/b ratio peaked in Mar2021 at 20.19x.

- INDIGO PAINTS 's p/b ratio hit its five-year low in Mar2020 of 0x.


How does INDIGO PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Book ValuePB RatioMarket Cap
INDIGO PAINTS 766.288.236,308.7
ASIAN PAINTS LTD15,965.5017.09272,853.0
BERGER PAINTS INDIA LTD4,489.5413.0758,692.0
KANSAI NEROLAC PAINTS LTD4,529.954.9922,626.5
AKZO NOBEL INDIA LTD1,316.308.4611,134.2
SHALIMAR PAINTS LTD315.054.461,404.7

Paints Industry Benchmark (Top 10) PB Analysis vs INDIGO PAINTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.46x
Max industry PB 17.09x
Median industry PB 8.46x
Average industry PB 9.38x



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