NITCO
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The Current P/B Ratio of NITCO is -1.32.
Share Price | ₹64.3 | Apr 24,2024 |
Market Cap | ₹462.2 Cr | |
Book Value | ₹-349.3 Cr | Mar2023 - Consolidated Results |
Price/Book | -1.32x | Calculated as MarketCap/Book Value |
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Explore Stock Analytics |
Definition & Calculation of PB (Price/Book ) ratio of NITCO
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹462.2 Cr] as on Apr 24,2024
(/) Book Value [ ₹-349.3 Cr] based on Mar2023 - Consolidated Results
(=) P/B Ratio [ -1.32x ]
Thus, for NITCO , the investors are currently willing to pay '-1.32 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 NITCO !
The chart below summarizes the trend in P/B Ratio of NITCO over the last five years.
Historical PB (Price/Book ) ratio chart of NITCO
PB Ratio Performance Analysis for NITCO
- NITCO 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.25x.
- NITCO 's operated at median p/b ratio of -0.4x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, NITCO 's p/b ratio peaked in Mar2019 at 2.96x.
- NITCO 's p/b ratio hit its five-year low in Mar2021 of -1.89x.
How does NITCO 's P/B Ratio benchmark against top 10 peers in Ceramics/Marble/Granite/Sanitaryware Industry?
Peer Comparison (Ceramics/Marble/Granite/Sanitaryware Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
NITCO | -349.27 | -1.32 | 462.2 |
KAJARIA CERAMICS LTD | 2,317.90 | 8.39 | 19,439.1 |
CERA SANITARYWARE LTD | 1,172.64 | 8.04 | 9,424.5 |
SOMANY CERAMICS LTD | 784.38 | 3.33 | 2,615.8 |
POKARNA LTD | 507.15 | 2.90 | 1,472.2 |
GLOBAL SURFACES LTD | 261.33 | 3.47 | 906.1 |
ASIAN GRANITO INDIA LTD | 1,256.05 | 0.63 | 794.8 |
ORIENT BELL LTD | 304.77 | 1.76 | 536.8 |
EXXARO TILES LTD | 274.06 | 1.60 | 438.4 |
MURUDESHWAR CERAMICS LTD | 350.02 | 0.88 | 306.5 |
ASI INDUSTRIES LTD | 307.06 | 0.74 | 228.4 |
Ceramics/Marble/Granite/Sanitaryware Industry Benchmark (Top 10) PB Analysis vs NITCO 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | -1.32x |
Max industry PB | 8.39x |
Median industry PB | 1.76x |
Average industry PB | 2.77x |
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