Home > PB Ratio > NITIN SPINNERS

NITIN SPINNERS
PB (Price/Book ) Ratio

The Current P/B Ratio of NITIN SPINNERS is 1.89.

Share Price ₹345.7Apr 19,2024
Market Cap ₹1,942.8 Cr
Book Value₹1,028.9 CrMar2023 - Standalone Results
Price/Book 1.89xCalculated as MarketCap/Book Value
Explore Stock Analytics
COMMUNITY POLL
for NITIN SPINNERS
Please provide your vote to see the results
NITIN SPINNERS is part of below Screeners ↓
Top Small Cap Stocks with Best Fundamentals
Best Quarterly Growth Small Cap Stocks

Definition & Calculation of PB (Price/Book ) ratio of NITIN SPINNERS

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 NITIN SPINNERS is calculated as :

Current Market Cap [ ₹1,942.8 Cr] as on Apr 19,2024

(/) Book Value [ ₹1,028.9 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ 1.89x ]

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

Thus, for NITIN SPINNERS , the investors are currently willing to pay '1.89 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 NITIN SPINNERS !

The chart below summarizes the trend in P/B Ratio of NITIN SPINNERS over the last five years.

Historical PB (Price/Book ) ratio chart of NITIN SPINNERS


PB Ratio Performance Analysis for NITIN SPINNERS

- NITIN SPINNERS 's latest p/b ratio is 1.89x.

- NITIN SPINNERS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.97x.

- NITIN SPINNERS 's operated at median p/b ratio of 1.05x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIN SPINNERS 's p/b ratio peaked in Mar2022 at 1.46x.

- NITIN SPINNERS 's p/b ratio hit its five-year low in Mar2020 of 0.32x.


How does NITIN SPINNERS 's P/B Ratio benchmark against top 10 peers in Textile - Spinning Industry?

Peer Comparison (Textile - Spinning Industry)Book ValuePB RatioMarket Cap
NITIN SPINNERS 1,028.901.891,942.8
TRIDENT LTD4,192.024.6919,675.5
FILATEX INDIA LTD1,098.372.342,573.5
NAHAR SPINNING MILLS LTD1,553.890.651,014.9
SUTLEJ TEXTILES AND INDUSTRIES LTD1,109.400.82914.8
AMBIKA COTTON MILLS LTD816.621.09888.4
RAJAPALAYAM MILLS LTD2,241.720.38852.6
NAHAR INDUSTRIAL ENTERPRISES LTD959.710.55532.5
SUPER SALES INDIA LTD434.361.21526.7
PRECOT LTD405.711.12454.5
MARAL OVERSEAS LTD140.992.09294.5

Textile - Spinning Industry Benchmark (Top 10) PB Analysis vs NITIN SPINNERS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 0.38x
Max industry PB 4.69x
Median industry PB 1.12x
Average industry PB 1.53x



You may also like the below Video Courses