NELCAST
|
The Current P/B Ratio of NELCAST is 2.86.
Share Price | ₹154.0 | Apr 24,2024 |
Market Cap | ₹1,339.8 Cr | |
Book Value | ₹468.4 Cr | Mar2023 - Consolidated Results |
Price/Book | 2.86x | Calculated as MarketCap/Book Value |
---|---|---|
Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of NELCAST
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹1,339.8 Cr] as on Apr 24,2024
(/) Book Value [ ₹468.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 2.86x ]
Thus, for NELCAST , the investors are currently willing to pay '2.86 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 NELCAST !
The chart below summarizes the trend in P/B Ratio of NELCAST over the last five years.
Historical PB (Price/Book ) ratio chart of NELCAST
PB Ratio Performance Analysis for NELCAST
- NELCAST 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.26x.
- NELCAST 's operated at median p/b ratio of 1.31x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NELCAST 's p/b ratio peaked in Mar2023 at 1.65x.
- NELCAST 's p/b ratio hit its five-year low in Mar2020 of 0.62x.
How does NELCAST 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?
Peer Comparison (Castings/Forgings Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NELCAST | 468.40 | 2.86 | 1,339.8 |
AIA ENGINEERING LTD | 5,691.33 | 6.44 | 36,669.4 |
PTC INDUSTRIES LTD | 267.54 | 40.49 | 10,831.6 |
ELECTROSTEEL CASTINGS LTD | 4,357.64 | 2.88 | 12,570.8 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 2,082.42 | 3.99 | 8,319.1 |
ALICON CASTALLOY LTD | 487.85 | 3.08 | 1,502.8 |
STEELCAST LTD | 215.21 | 6.16 | 1,326.4 |
UNI ABEX ALLOY PRODUCTS LTD | 81.59 | 6.53 | 532.7 |
SYNERGY GREEN INDUSTRIES LTD | 45.82 | 11.06 | 506.8 |
NITIN CASTINGS LTD | 59.92 | 5.45 | 326.4 |
INVESTMENT & PRECISION CASTINGS LTD | 78.39 | 3.84 | 300.9 |
Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs NELCAST 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.86x |
Max industry PB | 40.49x |
Median industry PB | 5.45x |
Average industry PB | 8.44x |
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