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Akshar Spintex Ltd PB Ratio

Akshar Spintex Ltd PB Ratio

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Volume transacted

stocks purchased

185.8 K

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Last Updated time: 18 Sep 9.00 AM

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Akshar Spintex Ltd

NSE: AKSHAR

PB

1.4

Last updated: 18 Sep 24

Key Highlights

  • The P/B Ratio of Akshar Spintex Ltd is 1.4 as of 18 Sep 24.
  • The P/B Ratio of Akshar Spintex Ltd changed from 3.2 on March 2022 to 1.5 on March 2024 . This represents a CAGR of -22.32% over 3 years. .

Historical P/B Ratio of Akshar Spintex Ltd

No data available

Company Fundamentals for Akshar Spintex Ltd

Market Cap

133 Cr

EPS

0.0

P/E Ratio (TTM) *

42.3

P/B Ratio (TTM) *

1.4

Day’s High *

1.72

Day’s Low

1.66

DTE *

0.4

ROE *

7.9

52 Week High

4.37

52 Week Low

1.28

ROCE *

10.1

Share price Over Time

1M

1Y

3Y

5Y

Monitoring Akshar Spintex Ltd share price can help you stay informed about potential market shifts and opportunities. *All values are in Rupees.

Last Ten Days Share Price

Date
leftPriceleft
18 Sep 20241.69
17 Sep 20241.69
16 Sep 20241.7
13 Sep 20241.71
12 Sep 20241.71
11 Sep 20241.67
10 Sep 20241.7
09 Sep 20241.73
06 Sep 20241.8
05 Sep 20241.79

SWOT Analysis Of Akshar Spintex Ltd

Strength

1

S

Weakness

0

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Akshar Spintex Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Akshar Spintex Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Akshar Spintex Ltd1133
Grasim Industries Ltd7911,83,298
Trident Ltd718,438
Welspun Living Ltd3817,342
LS Industries Ltd016,153
Raymond Lifestyle Ltd38614,282

Key Valuation Metric of Akshar Spintex Ltd

The price-to-book (P/B) ratio compares a company's market capitalization to its book value by dividing its stock price per share by its book value per share.


How to calculate Price-to-Book (P/B) Ratio?

The Price-to-Book Ratio is used to determine the relationship between the total value of a company's outstanding shares and the net value of its assets. Before calculating the P/B ratio, investors need to overlook the market capitalization of a company.


Market capitalization = market value of a stock X no. of outstanding shares


Now, you need to know the net value of an organization's assets.

Book Value of Assets = Total Assets - Total Liabilities of a company


After knowing the value of the above ratios, here is the formula for the P/B Ratio:

P/B Ratio = Market Capitalization/ Book Value of Assets


or you can also use this formula

P/B ratio = Market Price Per Share/ Book Value of Asset Per Share

Historical Market Cap of Akshar Spintex Ltd

No data available

* All values are in crore

Historical Revenue of Akshar Spintex Ltd

No data available

* All values are in crore

Historical EBITDA of Akshar Spintex Ltd

No data available

* All values are in crore

Historical Net Profit of Akshar Spintex Ltd

No data available

* All values are in crore

Dividend per Share (DPS) Over Time

No data available

Akshar Spintex Ltd News Hub

News

Akshar Spintex schedules AGM

Akshar Spintex announced that the 11th Annual General Meeting (AGM) of the company will be...

Read more

06 Sep 202416:50

News

Akshar Spintex to convene board meeting

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 17 August 2...

Read more

14 Aug 202410:43

News

Akshar Spintex to convene board meeting

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 30 July 202...

Read more

23 Jul 202410:04

News

Akshar Spintex announces board meeting date

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 20 July 202...

Read more

15 Jul 202409:42

News

Akshar Spintex to table results

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 20 May 2024...

Read more

11 May 202412:47

News

Akshar Spintex schedules board meeting

Akshar Spintex will hold a meeting of the Board of Directors of the Company on 12 April 20...

Read more

08 Apr 202416:28

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FAQs for PB Ratio of Akshar Spintex Ltd

What is the PB ratio of Akshar Spintex Ltd?

The current PB ratio of Akshar Spintex Ltd is 1.44. The Price-to-Book value (P/B) ratio compares a company's current share price to its book value per share. It helps assess whether a stock is overvalued or undervalued relative to its net asset value.

What is the ideal PB ratio to buy Akshar Spintex Ltd stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for Akshar Spintex Ltd. Some investors and financial analysts may also consider any value under 3.0 as a good PB ratio.

How is the PB Ratio of Akshar Spintex Ltd calculated?

The PB ratio of Akshar Spintex Ltd is calculated by dividing the current share price by the book value per share. The book value per share is determined by dividing the company’s total net assets (assets minus liabilities) by the number of outstanding shares. This ratio helps evaluate how the market values the company's assets.

What does a high PB Ratio mean for Akshar Spintex Ltd?

A high PB ratio suggests that Akshar Spintex Ltd’s stock may be overvalued relative to its book value or that investors expect high growth.

What does a low PB Ratio indicate for Akshar Spintex Ltd?

A low PB ratio of Akshar Spintex Ltd may indicate that the stock is undervalued or it is facing financial difficulties.

Can Akshar Spintex Ltd PB Ratio change over time?

Yes, the PB ratio of Akshar Spintex Ltd can change over time due to fluctuations in the company’s stock price and changes in its book value.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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