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MANAKSIA COATED METALS & INDUSTRIES
PB (Price/Book ) Ratio

The Current P/B Ratio of MANAKSIA COATED METALS & INDUSTRIES is 2.33.

Share Price ₹37.4Apr 19,2024
Market Cap ₹277.7 Cr
Book Value₹119.3 CrMar2023 - Consolidated Results
Price/Book 2.33xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MANAKSIA COATED METALS & INDUSTRIES

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 MANAKSIA COATED METALS & INDUSTRIES is calculated as :

Current Market Cap [ ₹277.7 Cr] as on Apr 19,2024

(/) Book Value [ ₹119.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 2.33x ]

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

Thus, for MANAKSIA COATED METALS & INDUSTRIES , the investors are currently willing to pay '2.33 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 MANAKSIA COATED METALS & INDUSTRIES !

The chart below summarizes the trend in P/B Ratio of MANAKSIA COATED METALS & INDUSTRIES over the last five years.

Historical PB (Price/Book ) ratio chart of MANAKSIA COATED METALS & INDUSTRIES


PB Ratio Performance Analysis for MANAKSIA COATED METALS & INDUSTRIES

- MANAKSIA COATED METALS & INDUSTRIES 's latest p/b ratio is 2.33x.

- MANAKSIA COATED METALS & INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.77x.

- MANAKSIA COATED METALS & INDUSTRIES 's operated at median p/b ratio of 0.77x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MANAKSIA COATED METALS & INDUSTRIES 's p/b ratio peaked in Mar2022 at 1.57x.

- MANAKSIA COATED METALS & INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.27x.


How does MANAKSIA COATED METALS & INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
MANAKSIA COATED METALS & INDUSTRIES 119.252.33277.7
JSW STEEL LTD65,287.003.24211,593.0
TATA STEEL LTD103,082.001.96202,357.0
JINDAL STAINLESS LTD11,931.204.7857,006.4
STEEL AUTHORITY OF INDIA LTD54,746.701.1060,285.0
APL APOLLO TUBES LTD3,003.7914.3743,155.1
MOTHERSON SUMI WIRING INDIA LTD1,330.5023.2930,987.6
RATNAMANI METALS & TUBES LTD2,603.907.8320,381.3
SHYAM METALICS AND ENERGY LTD7,162.452.3216,593.0
WELSPUN CORP LTD4,718.862.9313,821.2
JINDAL SAW LTD7,922.761.9415,351.4

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs MANAKSIA COATED METALS & INDUSTRIES 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.10x
Max industry PB 23.29x
Median industry PB 2.93x
Average industry PB 6.01x



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