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NITIRAJ ENGINEERS
PB (Price/Book ) Ratio

The Current P/B Ratio of NITIRAJ ENGINEERS is 3.50.

Share Price ₹229.9May 18,2024
Market Cap ₹236.7 Cr
Book Value₹67.6 CrMar2023 - Consolidated Results
Price/Book 3.50xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of NITIRAJ ENGINEERS

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 NITIRAJ ENGINEERS is calculated as :

Current Market Cap [ ₹236.7 Cr] as on May 18,2024

(/) Book Value [ ₹67.6 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.50x ]

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

Thus, for NITIRAJ ENGINEERS , the investors are currently willing to pay '3.50 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 NITIRAJ ENGINEERS !

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

Historical PB (Price/Book ) ratio chart of NITIRAJ ENGINEERS


PB Ratio Performance Analysis for NITIRAJ ENGINEERS

- NITIRAJ ENGINEERS 's latest p/b ratio is 3.50x.

- NITIRAJ ENGINEERS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 0.85x.

- NITIRAJ ENGINEERS 's operated at median p/b ratio of 0.82x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, NITIRAJ ENGINEERS 's p/b ratio peaked in Mar2022 at 1.1x.

- NITIRAJ ENGINEERS 's p/b ratio hit its five-year low in Mar2019 of 0.56x.


How does NITIRAJ ENGINEERS 's P/B Ratio benchmark against top 10 peers in Engineering - Industrial Equipments Industry?

Peer Comparison (Engineering - Industrial Equipments Industry)Book ValuePB RatioMarket Cap
NITIRAJ ENGINEERS 67.583.50236.7
BHARAT ELECTRONICS LTD13,861.6013.65189,214.0
BHARAT HEAVY ELECTRICALS LTD26,828.004.02107,961.0
THERMAX LTD4,439.8013.3659,319.0
TRIVENI TURBINE LTD959.8021.1320,285.3
KIRLOSKAR OIL ENGINES LTD2,676.216.9818,688.0
ELECON ENGINEERING COMPANY LTD1,604.038.0012,831.8
PRAJ INDUSTRIES LTD1,075.348.919,584.0
SHRIRAM PISTONS & RINGS LTD1,527.465.969,108.4
KIRLOSKAR BROTHERS LTD1,719.008.5214,645.4
TEGA INDUSTRIES LTD1,048.959.8910,370.5

Engineering - Industrial Equipments Industry Benchmark (Top 10) PB Analysis vs NITIRAJ ENGINEERS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 3.50x
Max industry PB 21.13x
Median industry PB 8.52x
Average industry PB 9.45x



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