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SHREE RENUKA SUGARS
PB (Price/Book ) Ratio

The Current P/B Ratio of SHREE RENUKA SUGARS is -10.43.

Share Price ₹43.2Apr 18,2024
Market Cap ₹9,190.9 Cr
Book Value₹-881.2 CrMar2023 - Consolidated Results
Price/Book -10.43xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SHREE RENUKA SUGARS

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 SHREE RENUKA SUGARS is calculated as :

Current Market Cap [ ₹9,190.9 Cr] as on Apr 18,2024

(/) Book Value [ ₹-881.2 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ -10.43x ]

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

Thus, for SHREE RENUKA SUGARS , the investors are currently willing to pay '-10.43 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 SHREE RENUKA SUGARS !

The chart below summarizes the trend in P/B Ratio of SHREE RENUKA SUGARS over the last five years.

Historical PB (Price/Book ) ratio chart of SHREE RENUKA SUGARS


PB Ratio Performance Analysis for SHREE RENUKA SUGARS

- SHREE RENUKA SUGARS 's latest p/b ratio is -10.43x.

- SHREE RENUKA SUGARS 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -2.23x.

- SHREE RENUKA SUGARS 's operated at median p/b ratio of -1.21x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SHREE RENUKA SUGARS 's p/b ratio peaked in Mar2020 at -0.46x.

- SHREE RENUKA SUGARS 's p/b ratio hit its five-year low in Mar2023 of -4.76x.


How does SHREE RENUKA SUGARS 's P/B Ratio benchmark against top 10 peers in Sugar Industry?

Peer Comparison (Sugar Industry)Book ValuePB RatioMarket Cap
SHREE RENUKA SUGARS -881.22-10.439,190.9
EID PARRY (INDIA) LTD6,072.671.7710,743.4
BALRAMPUR CHINI MILLS LTD2,895.582.577,443.5
TRIVENI ENGINEERING & INDUSTRIES LTD2,665.252.707,196.3
BAJAJ HINDUSTHAN SUGAR LTD4,424.400.893,934.3
BANNARI AMMAN SUGARS LTD1,551.892.073,212.9
DALMIA BHARAT SUGAR AND INDUSTRIES LTD2,704.951.082,930.4
PICCADILY AGRO INDUSTRIES LTD231.5118.414,261.8
DCM SHRIRAM INDUSTRIES LTD716.672.321,659.4
DWARIKESH SUGAR INDUSTRIES LTD739.791.831,354.6
DHAMPUR SUGAR MILLS LTD1,042.561.401,457.2

Sugar Industry Benchmark (Top 10) PB Analysis vs SHREE RENUKA SUGARS 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -10.43x
Max industry PB 18.41x
Median industry PB 1.83x
Average industry PB 2.24x



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