TECHNOCRAFT INDUSTRIES (INDIA)
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The Current P/B Ratio of TECHNOCRAFT INDUSTRIES (INDIA) is 3.61.
Share Price | ₹2,220.0 | Apr 18,2024 |
Market Cap | ₹5,106.0 Cr | |
Book Value | ₹1,415.8 Cr | Mar2023 - Consolidated Results |
Price/Book | 3.61x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of TECHNOCRAFT INDUSTRIES (INDIA)
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
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 ]
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 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 Value | PB Ratio | Market Cap |
---|---|---|---|
TECHNOCRAFT INDUSTRIES (INDIA) | 1,415.82 | 3.61 | 5,106.0 |
JSW STEEL LTD | 65,287.00 | 3.16 | 206,457.0 |
TATA STEEL LTD | 103,082.00 | 1.94 | 199,735.0 |
JINDAL STAINLESS LTD | 11,931.20 | 4.65 | 55,462.4 |
STEEL AUTHORITY OF INDIA LTD | 54,746.70 | 1.09 | 59,830.7 |
APL APOLLO TUBES LTD | 3,003.79 | 14.15 | 42,516.8 |
MOTHERSON SUMI WIRING INDIA LTD | 1,330.50 | 23.28 | 30,978.7 |
RATNAMANI METALS & TUBES LTD | 2,603.90 | 8.00 | 20,842.9 |
SHYAM METALICS AND ENERGY LTD | 7,162.45 | 2.35 | 16,812.1 |
WELSPUN CORP LTD | 4,718.86 | 2.99 | 14,106.5 |
JINDAL SAW LTD | 7,922.76 | 1.95 | 15,471.3 |
Steel & Iron Products Industry Benchmark (Top 10) PB Analysis vs TECHNOCRAFT INDUSTRIES (INDIA) 's P/B Ratio
Top 10 Industry Peers | PB 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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