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NELCAST
PB (Price/Book ) Ratio

The Current P/B Ratio of NELCAST is 1.96.

Share Price ₹134.7Jul 24,2026
Market Cap ₹1,171.5 Cr
Book Value₹596.6 CrMar2026 - Consolidated Results
Price/Book 1.96xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NELCAST

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 NELCAST is calculated as :

Current Market Cap [ ₹1,171.5 Cr] as on Jul 24,2026

(/) Book Value [ ₹596.6 Cr] based on Mar2026 - Consolidated Results

(=) P/B Ratio [ 1.96x ]

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

Thus, for NELCAST , the investors are currently willing to pay '1.96 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 latest p/b ratio is 1.96x.

- NELCAST 's p/b ratio for fiscal years ending Mar2026 to Mar2022 averaged 1.59x.

- NELCAST 's operated at median p/b ratio of 1.65x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NELCAST 's p/b ratio peaked in Mar2024 at 2.15x.

- NELCAST 's p/b ratio hit its five-year low in Mar2022 of 1.16x.


How does NELCAST 's P/B Ratio benchmark against top 10 peers in Castings/Forgings Industry?

Peer Comparison (Castings/Forgings Industry)Book ValuePB RatioMarket Cap
NELCAST 596.641.961,171.5
AIA ENGINEERING LTD8,025.355.3342,785.5
PTC INDUSTRIES LTD1,507.1117.6426,587.3
STEELCAST LTD395.027.843,098.2
ALICON CASTALLOY LTD628.301.651,034.1
SYNERGY GREEN INDUSTRIES LTD110.748.36925.7
UNI ABEX ALLOY PRODUCTS LTD414.602.25931.8
INVESTMENT & PRECISION CASTINGS LTD102.619.59983.8
MAGNA ELECTRO CASTINGS LTD145.003.31480.3
SIMPLEX CASTINGS LTD113.583.55403.1
NITIN CASTINGS LTD82.583.43283.2

Castings/Forgings Industry Benchmark (Top 10) PB Analysis vs NELCAST 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.65x
Max industry PB 17.64x
Median industry PB 3.55x
Average industry PB 5.90x



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