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SOLAR INDUSTRIES INDIA
PB (Price/Book ) Ratio

The Current P/B Ratio of SOLAR INDUSTRIES INDIA is 29.56.

Share Price ₹8,526.6Apr 19,2024
Market Cap ₹77,165.3 Cr
Book Value₹2,610.3 CrMar2023 - Consolidated Results
Price/Book 29.56xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of SOLAR INDUSTRIES INDIA

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 SOLAR INDUSTRIES INDIA is calculated as :

Current Market Cap [ ₹77,165.3 Cr] as on Apr 19,2024

(/) Book Value [ ₹2,610.3 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 29.56x ]

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

Thus, for SOLAR INDUSTRIES INDIA , the investors are currently willing to pay '29.56 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 SOLAR INDUSTRIES INDIA !

The chart below summarizes the trend in P/B Ratio of SOLAR INDUSTRIES INDIA over the last five years.

Historical PB (Price/Book ) ratio chart of SOLAR INDUSTRIES INDIA


PB Ratio Performance Analysis for SOLAR INDUSTRIES INDIA

- SOLAR INDUSTRIES INDIA 's latest p/b ratio is 29.56x.

- SOLAR INDUSTRIES INDIA 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 9.46x.

- SOLAR INDUSTRIES INDIA 's operated at median p/b ratio of 7.87x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, SOLAR INDUSTRIES INDIA 's p/b ratio peaked in Mar2022 at 13.25x.

- SOLAR INDUSTRIES INDIA 's p/b ratio hit its five-year low in Mar2020 of 5.97x.


How does SOLAR INDUSTRIES INDIA 's P/B Ratio benchmark against top 10 peers in Chemicals Industry?

Peer Comparison (Chemicals Industry)Book ValuePB RatioMarket Cap
SOLAR INDUSTRIES INDIA 2,610.3429.5677,165.3
PIDILITE INDUSTRIES LTD7,168.6420.06143,804.0
SRF LTD10,315.407.2674,909.5
GUJARAT FLUOROCHEMICALS LTD5,520.727.1639,553.7
DEEPAK NITRITE LTD4,089.967.5730,963.9
TATA CHEMICALS LTD19,721.001.4328,108.5
GODREJ INDUSTRIES LTD7,974.133.4927,857.8
AARTI INDUSTRIES LTD4,920.065.3326,212.7
ATUL LTD4,671.383.7217,360.0
VINATI ORGANICS LTD2,218.297.6817,046.8
HIMADRI SPECIALITY CHEMICAL LTD2,174.147.5616,445.3

Chemicals Industry Benchmark (Top 10) PB Analysis vs SOLAR INDUSTRIES INDIA 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.43x
Max industry PB 29.56x
Median industry PB 7.26x
Average industry PB 9.17x



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