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INDO RAMA SYNTHETICS (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of INDO RAMA SYNTHETICS (INDIA) is 2.07.

Share Price ₹45.4Apr 30,2024
Market Cap ₹1,185.9 Cr
Book Value₹572.7 CrMar2023 - Consolidated Results
Price/Book 2.07xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of INDO RAMA SYNTHETICS (INDIA)

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 INDO RAMA SYNTHETICS (INDIA) is calculated as :

Current Market Cap [ ₹1,185.9 Cr] as on Apr 30,2024

(/) Book Value [ ₹572.7 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.07x ]

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

Thus, for INDO RAMA SYNTHETICS (INDIA) , the investors are currently willing to pay '2.07 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 INDO RAMA SYNTHETICS (INDIA) !

The chart below summarizes the trend in P/B Ratio of INDO RAMA SYNTHETICS (INDIA) over the last five years.

Historical PB (Price/Book ) ratio chart of INDO RAMA SYNTHETICS (INDIA)


PB Ratio Performance Analysis for INDO RAMA SYNTHETICS (INDIA)

- INDO RAMA SYNTHETICS (INDIA) 's latest p/b ratio is 2.07x.

- INDO RAMA SYNTHETICS (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2017 averaged 2.01x.

- INDO RAMA SYNTHETICS (INDIA) 's operated at median p/b ratio of 1.78x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDO RAMA SYNTHETICS (INDIA) 's p/b ratio peaked in Mar2021 at 3.05x.

- INDO RAMA SYNTHETICS (INDIA) 's p/b ratio hit its five-year low in Mar2017 of 0.99x.


How does INDO RAMA SYNTHETICS (INDIA) 's P/B Ratio benchmark against top 10 peers in Textile - Manmade Fibres Industry?

Peer Comparison (Textile - Manmade Fibres Industry)Book ValuePB RatioMarket Cap
INDO RAMA SYNTHETICS (INDIA) 572.662.071,185.9
GANESHA ECOSPHERE LTD637.884.282,730.9
BANSWARA SYNTEX LTD509.071.00511.3
SARLA PERFORMANCE FIBERS LTD394.921.40554.0
VARDHMAN ACRYLICS LTD245.351.87459.3
PASUPATI ACRYLON LTD315.691.07338.1

Textile - Manmade Fibres Industry Benchmark (Top 10) PB Analysis vs INDO RAMA SYNTHETICS (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.00x
Max industry PB 4.28x
Median industry PB 1.87x
Average industry PB 1.95x



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