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VARDHMAN POLYTEX
PB (Price/Book ) Ratio

The Current P/B Ratio of VARDHMAN POLYTEX is -0.61.

Share Price ₹81.2Apr 23,2024
Market Cap ₹221.7 Cr
Book Value₹-362.3 CrMar2023 - Standalone Results
Price/Book -0.61xCalculated as MarketCap/Book Value
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Definition & Calculation of PB (Price/Book ) ratio of VARDHMAN POLYTEX

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 VARDHMAN POLYTEX is calculated as :

Current Market Cap [ ₹221.7 Cr] as on Apr 23,2024

(/) Book Value [ ₹-362.3 Cr] based on Mar2023 - Standalone Results

(=) P/B Ratio [ -0.61x ]

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

Thus, for VARDHMAN POLYTEX , the investors are currently willing to pay '-0.61 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 VARDHMAN POLYTEX !

The chart below summarizes the trend in P/B Ratio of VARDHMAN POLYTEX over the last five years.

Historical PB (Price/Book ) ratio chart of VARDHMAN POLYTEX


PB Ratio Performance Analysis for VARDHMAN POLYTEX

- VARDHMAN POLYTEX 's latest p/b ratio is -0.61x.

- VARDHMAN POLYTEX 's p/b ratio for fiscal years ending Mar2023 to Mar2019 averaged -0.10x.

- VARDHMAN POLYTEX 's operated at median p/b ratio of -0.11x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, VARDHMAN POLYTEX 's p/b ratio peaked in Mar2020 at -0.03x.

- VARDHMAN POLYTEX 's p/b ratio hit its five-year low in Mar2023 of -0.15x.


How does VARDHMAN POLYTEX 's P/B Ratio benchmark against top 10 peers in Textile Industry?

Peer Comparison (Textile Industry)Book ValuePB RatioMarket Cap
VARDHMAN POLYTEX -362.31-0.61221.7
PAGE INDUSTRIES LTD1,371.0529.2740,125.2
KPR MILL LTD3,706.697.9629,517.3
VEDANT FASHIONS LTD1,392.2216.1022,418.1
SWAN ENERGY LTD2,283.688.4619,323.1
WELSPUN LIVING LTD4,083.443.8415,660.7
ALOK INDUSTRIES LTD-19,775.90-0.6913,614.7
VARDHMAN TEXTILES LTD8,562.771.5513,260.1
ARVIND LTD3,344.492.548,506.9
GARWARE TECHNICAL FIBRES LTD1,016.406.466,566.3
JINDAL WORLDWIDE LTD649.9810.256,662.3

Textile Industry Benchmark (Top 10) PB Analysis vs VARDHMAN POLYTEX 's P/B Ratio

Top 10 Industry PeersPB Ratio
Min industry PB -0.69x
Max industry PB 29.27x
Median industry PB 6.46x
Average industry PB 7.74x



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