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SHALIMAR PAINTS
PB (Price/Book ) Ratio

The Current P/B Ratio of SHALIMAR PAINTS is 4.45.

Share Price ₹167.6Apr 25,2024
Market Cap ₹1,402.4 Cr
Book Value₹315.0 CrMar2023 - Consolidated Results
Price/Book 4.45xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SHALIMAR PAINTS

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 SHALIMAR PAINTS is calculated as :

Current Market Cap [ ₹1,402.4 Cr] as on Apr 25,2024

(/) Book Value [ ₹315.0 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 4.45x ]

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

Thus, for SHALIMAR PAINTS , the investors are currently willing to pay '4.45 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 SHALIMAR PAINTS !

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

Historical PB (Price/Book ) ratio chart of SHALIMAR PAINTS


PB Ratio Performance Analysis for SHALIMAR PAINTS

- SHALIMAR PAINTS 's latest p/b ratio is 4.45x.

- SHALIMAR PAINTS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.07x.

- SHALIMAR PAINTS 's operated at median p/b ratio of 2.38x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHALIMAR PAINTS 's p/b ratio peaked in Mar2023 at 3.13x.

- SHALIMAR PAINTS 's p/b ratio hit its five-year low in Mar2020 of 0.98x.


How does SHALIMAR PAINTS 's P/B Ratio benchmark against top 10 peers in Paints Industry?

Peer Comparison (Paints Industry)Book ValuePB RatioMarket Cap
SHALIMAR PAINTS 315.054.451,402.4
ASIAN PAINTS LTD15,965.5017.19274,479.0
BERGER PAINTS INDIA LTD4,489.5413.1358,942.6
KANSAI NEROLAC PAINTS LTD4,529.954.9722,529.5
AKZO NOBEL INDIA LTD1,316.308.4611,130.7
INDIGO PAINTS LTD766.288.206,282.6

Paints Industry Benchmark (Top 10) PB Analysis vs SHALIMAR PAINTS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 4.45x
Max industry PB 17.19x
Median industry PB 8.46x
Average industry PB 9.40x



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