NELCAST
|
The Current P/B Ratio of NELCAST is 2.79.
Share Price | ₹150.3 | Apr 30,2024 |
Market Cap | ₹1,307.2 Cr | |
Book Value | ₹468.4 Cr | Mar2023 - Consolidated Results |
Price/Book | 2.79x | 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 [ ₹1,307.2 Cr] as on Apr 30,2024
(/) Book Value [ ₹468.4 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ 2.79x ]
Thus, for NELCAST , the investors are currently willing to pay '2.79 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 | 2.79 | 1,307.2 |
AIA ENGINEERING LTD | 5,691.33 | 6.29 | 35,772.4 |
PTC INDUSTRIES LTD | 267.54 | 42.16 | 11,278.9 |
ELECTROSTEEL CASTINGS LTD | 4,357.64 | 2.72 | 11,869.1 |
KIRLOSKAR FERROUS INDUSTRIES LTD | 2,082.42 | 4.12 | 8,570.0 |
ALICON CASTALLOY LTD | 487.85 | 3.11 | 1,515.0 |
STEELCAST LTD | 215.21 | 6.21 | 1,336.0 |
UNI ABEX ALLOY PRODUCTS LTD | 81.59 | 6.93 | 565.1 |
SYNERGY GREEN INDUSTRIES LTD | 45.82 | 11.37 | 520.8 |
NITIN CASTINGS LTD | 59.92 | 5.35 | 320.7 |
INVESTMENT & PRECISION CASTINGS LTD | 78.39 | 4.07 | 318.9 |
Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs NELCAST 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 2.72x |
Max industry PB | 42.16x |
Median industry PB | 5.35x |
Average industry PB | 8.65x |
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