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MISHRA DHATU NIGAM
PB (Price/Book ) Ratio

The Current P/B Ratio of MISHRA DHATU NIGAM is 6.45.

Share Price ₹442.5Apr 24,2024
Market Cap ₹8,288.0 Cr
Book Value₹1,285.4 CrMar2023 - Consolidated Results
Price/Book 6.45xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of MISHRA DHATU NIGAM

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 MISHRA DHATU NIGAM is calculated as :

Current Market Cap [ ₹8,288.0 Cr] as on Apr 24,2024

(/) Book Value [ ₹1,285.4 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 6.45x ]

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

Thus, for MISHRA DHATU NIGAM , the investors are currently willing to pay '6.45 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 MISHRA DHATU NIGAM !

The chart below summarizes the trend in P/B Ratio of MISHRA DHATU NIGAM over the last five years.

Historical PB (Price/Book ) ratio chart of MISHRA DHATU NIGAM


PB Ratio Performance Analysis for MISHRA DHATU NIGAM

- MISHRA DHATU NIGAM 's latest p/b ratio is 6.45x.

- MISHRA DHATU NIGAM 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 3.01x.

- MISHRA DHATU NIGAM 's operated at median p/b ratio of 3.09x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, MISHRA DHATU NIGAM 's p/b ratio peaked in Mar2020 at 3.5x.

- MISHRA DHATU NIGAM 's p/b ratio hit its five-year low in Mar2022 of 2.6x.


How does MISHRA DHATU NIGAM 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
MISHRA DHATU NIGAM 1,285.406.458,288.0
JSW STEEL LTD65,287.003.31215,934.0
TATA STEEL LTD103,082.002.00206,601.0
JINDAL STAINLESS LTD11,931.205.0960,748.9
STEEL AUTHORITY OF INDIA LTD54,746.701.2468,029.8
APL APOLLO TUBES LTD3,003.7914.3142,991.3
MOTHERSON SUMI WIRING INDIA LTD1,330.5023.5731,363.3
RATNAMANI METALS & TUBES LTD2,603.908.1021,094.2
SHYAM METALICS AND ENERGY LTD7,162.452.5518,281.7
WELSPUN CORP LTD4,718.863.1814,993.5
JINDAL SAW LTD7,922.762.1517,063.7

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs MISHRA DHATU NIGAM 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.24x
Max industry PB 23.57x
Median industry PB 3.31x
Average industry PB 6.54x



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