INVESTMENT & PRECISION CASTINGS
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The Current P/B Ratio of INVESTMENT & PRECISION CASTINGS is 3.95.
Share Price | ₹619.6 | May 02,2024 |
Market Cap | ₹309.8 Cr | |
Book Value | ₹78.4 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.95x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of INVESTMENT & PRECISION CASTINGS
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹309.8 Cr] as on May 02,2024
(/) Book Value [ ₹78.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 3.95x ]
Thus, for INVESTMENT & PRECISION CASTINGS , the investors are currently willing to pay '3.95 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 INVESTMENT & PRECISION CASTINGS !
The chart below summarizes the trend in P/B Ratio of INVESTMENT & PRECISION CASTINGS over the last five years.
Historical PB (Price/Book ) ratio chart of INVESTMENT & PRECISION CASTINGS
PB Ratio Performance Analysis for INVESTMENT & PRECISION CASTINGS
- INVESTMENT & PRECISION CASTINGS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.64x.
- INVESTMENT & PRECISION CASTINGS 's operated at median p/b ratio of 1.86x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, INVESTMENT & PRECISION CASTINGS 's p/b ratio peaked in Mar2022 at 2.17x.
- INVESTMENT & PRECISION CASTINGS 's p/b ratio hit its five-year low in Mar2020 of 0.99x.
How does INVESTMENT & PRECISION CASTINGS 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?
Peer Comparison (Castings/Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
INVESTMENT & PRECISION CASTINGS | 78.39 | 3.95 | 309.8 |
AIA ENGINEERING LTD | 5,691.33 | 6.27 | 35,663.9 |
PTC INDUSTRIES LTD | 267.54 | 41.93 | 11,218.9 |
ELECTROSTEEL CASTINGS LTD | 4,357.64 | 2.72 | 11,872.2 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 2,082.42 | 4.09 | 8,515.7 |
ALICON CASTALLOY LTD | 487.85 | 3.02 | 1,475.4 |
STEELCAST LTD | 215.21 | 6.09 | 1,311.7 |
NELCAST LTD | 468.40 | 2.93 | 1,372.9 |
UNI ABEX ALLOY PRODUCTS LTD | 81.59 | 6.87 | 560.7 |
SYNERGY GREEN INDUSTRIES LTD | 45.82 | 11.44 | 524.3 |
NITIN CASTINGS LTD | 59.92 | 5.52 | 330.8 |
Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs INVESTMENT & PRECISION CASTINGS 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.72x |
Max industry PB | 41.93x |
Median industry PB | 5.52x |
Average industry PB | 8.62x |
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