Home > PB Ratio > NAHAR SPINNING MILLS

NAHAR SPINNING MILLS
PB (Price/Book ) Ratio

The Current P/B Ratio of NAHAR SPINNING MILLS is 0.66.

Share Price ₹285.1Apr 30,2024
Market Cap ₹1,029.0 Cr
Book Value₹1,553.9 CrMar2023 - Standalone Results
Price/Book 0.66xCalculated as MarketCap/Book Value
Explore Stock Analytics
COMMUNITY POLL
for NAHAR SPINNING MILLS
Please provide your vote to see the results

Definition & Calculation of PB (Price/Book ) ratio of NAHAR SPINNING MILLS

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 NAHAR SPINNING MILLS is calculated as :

Current Market Cap [ ₹1,029.0 Cr] as on Apr 30,2024

(/) Book Value [ ₹1,553.9 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 0.66x ]

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

Thus, for NAHAR SPINNING MILLS , the investors are currently willing to pay '0.66 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 NAHAR SPINNING MILLS !

The chart below summarizes the trend in P/B Ratio of NAHAR SPINNING MILLS over the last five years.

Historical PB (Price/Book ) ratio chart of NAHAR SPINNING MILLS


PB Ratio Performance Analysis for NAHAR SPINNING MILLS

- NAHAR SPINNING MILLS 's latest p/b ratio is 0.66x.

- NAHAR SPINNING MILLS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.52x.

- NAHAR SPINNING MILLS 's operated at median p/b ratio of 0.42x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NAHAR SPINNING MILLS 's p/b ratio peaked in Mar2022 at 1.15x.

- NAHAR SPINNING MILLS 's p/b ratio hit its five-year low in Mar2020 of 0.11x.


How does NAHAR SPINNING MILLS 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Book ValuePB RatioMarket Cap
NAHAR SPINNING MILLS 1,553.890.661,029.0
TRIDENT LTD4,192.024.7820,057.7
FILATEX INDIA LTD1,204.092.352,828.7
NITIN SPINNERS LTD1,028.902.022,081.6
SUTLEJ TEXTILES AND INDUSTRIES LTD1,109.400.89983.1
AMBIKA COTTON MILLS LTD816.621.08885.3
RAJAPALAYAM MILLS LTD2,241.720.40899.8
NAHAR INDUSTRIAL ENTERPRISES LTD959.710.59562.5
SUPER SALES INDIA LTD434.361.27553.1
PRECOT LTD405.711.18480.0
MARAL OVERSEAS LTD140.992.28320.8

Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs NAHAR SPINNING MILLS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.40x
Max industry PB 4.78x
Median industry PB 1.18x
Average industry PB 1.59x



You may also like the below Video Courses