SIKKO INDUSTRIES
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The Current P/B Ratio of SIKKO INDUSTRIES is 5.27.
Share Price | ₹74.7 | Apr 24,2024 |
Market Cap | ₹125.5 Cr | |
Book Value | ₹23.8 Cr | Mar2023 - Standalone Results |
Price/Book | 5.27x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SIKKO INDUSTRIES
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹125.5 Cr] as on Apr 24,2024
(/) Book Value [ ₹23.8 Cr] based on Mar2023 - Standalone Results
(=) P/B Ratio [ 5.27x ]
Thus, for SIKKO INDUSTRIES , the investors are currently willing to pay '5.27 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 SIKKO INDUSTRIES !
The chart below summarizes the trend in P/B Ratio of SIKKO INDUSTRIES over the last five years.
Historical PB (Price/Book ) ratio chart of SIKKO INDUSTRIES
PB Ratio Performance Analysis for SIKKO INDUSTRIES
- SIKKO INDUSTRIES 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 2.35x.
- SIKKO INDUSTRIES 's operated at median p/b ratio of 1.47x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SIKKO INDUSTRIES 's p/b ratio peaked in Mar2023 at 5.57x.
- SIKKO INDUSTRIES 's p/b ratio hit its five-year low in Mar2020 of 0.64x.
How does SIKKO INDUSTRIES 's P/B Ratio benchmark against top 10 peers in Pesticides & Agrochemicals Industry?
Peer Comparison (Pesticides & Agrochemicals Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SIKKO INDUSTRIES | 23.81 | 5.27 | 125.5 |
PI INDUSTRIES LTD | 7,201.10 | 7.91 | 56,945.9 |
UPL LTD | 26,838.00 | 1.39 | 37,425.3 |
BAYER CROPSCIENCE LTD | 2,712.10 | 9.16 | 24,846.9 |
SUMITOMO CHEMICAL INDIA LTD | 2,381.78 | 8.38 | 19,950.9 |
BASF INDIA LTD | 2,695.76 | 5.73 | 15,438.9 |
RALLIS INDIA LTD | 1,829.00 | 2.82 | 5,160.2 |
DHANUKA AGRITECH LTD | 1,061.30 | 5.81 | 6,161.1 |
BHARAT RASAYAN LTD | 893.31 | 4.54 | 4,058.8 |
SHARDA CROPCHEM LTD | 2,232.02 | 1.52 | 3,391.4 |
INDIA PESTICIDES LTD | 773.15 | 3.42 | 2,644.7 |
Pesticides & Agrochemicals Industry Benchmark (Top 10) PB Analysis vs SIKKO INDUSTRIES 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 1.39x |
Max industry PB | 9.16x |
Median industry PB | 5.27x |
Average industry PB | 5.09x |
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