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TECHNOCRAFT INDUSTRIES (INDIA)
PB (Price/Book ) Ratio

The Current P/B Ratio of TECHNOCRAFT INDUSTRIES (INDIA) is 3.61.

Share Price ₹2,220.0Apr 18,2024
Market Cap ₹5,106.0 Cr
Book Value₹1,415.8 CrMar2023 - Consolidated Results
Price/Book 3.61xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of TECHNOCRAFT 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 TECHNOCRAFT INDUSTRIES (INDIA) is calculated as :

Current Market Cap [ ₹5,106.0 Cr] as on Apr 18,2024

(/) Book Value [ ₹1,415.8 Cr] based on Mar2023 - Consolidated Results

(=) P/B Ratio [ 3.61x ]

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

Thus, for TECHNOCRAFT INDUSTRIES (INDIA) , the investors are currently willing to pay '3.61 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 TECHNOCRAFT INDUSTRIES (INDIA) !

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

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


PB Ratio Performance Analysis for TECHNOCRAFT INDUSTRIES (INDIA)

- TECHNOCRAFT INDUSTRIES (INDIA) 's latest p/b ratio is 3.61x.

- TECHNOCRAFT INDUSTRIES (INDIA) 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged 1.36x.

- TECHNOCRAFT INDUSTRIES (INDIA) 's operated at median p/b ratio of 1.66x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, TECHNOCRAFT INDUSTRIES (INDIA) 's p/b ratio peaked in Mar2023 at 1.97x.

- TECHNOCRAFT INDUSTRIES (INDIA) 's p/b ratio hit its five-year low in Mar2020 of 0.44x.


How does TECHNOCRAFT INDUSTRIES (INDIA) 's P/B Ratio benchmark against top 10 peers in Steel & Iron Products Industry?

Peer Comparison (Steel & Iron Products Industry)Book ValuePB RatioMarket Cap
TECHNOCRAFT INDUSTRIES (INDIA) 1,415.823.615,106.0
JSW STEEL LTD65,287.003.16206,457.0
TATA STEEL LTD103,082.001.94199,735.0
JINDAL STAINLESS LTD11,931.204.6555,462.4
STEEL AUTHORITY OF INDIA LTD54,746.701.0959,830.7
APL APOLLO TUBES LTD3,003.7914.1542,516.8
MOTHERSON SUMI WIRING INDIA LTD1,330.5023.2830,978.7
RATNAMANI METALS & TUBES LTD2,603.908.0020,842.9
SHYAM METALICS AND ENERGY LTD7,162.452.3516,812.1
WELSPUN CORP LTD4,718.862.9914,106.5
JINDAL SAW LTD7,922.761.9515,471.3

Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs TECHNOCRAFT INDUSTRIES (INDIA) 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB 1.09x
Max industry PB 23.28x
Median industry PB 3.16x
Average industry PB 6.11x



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