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PB Ratio of Harish Textile Engineers Ltd

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Harish Textile Engineers Ltd

NSE: HARISHTEXTILE

PB Ratio

3

Last updated on: Apr 22, 2025

Key Highlights

  • The latest PB Ratio of Harish Textile Engineers Ltd is 3.
  • The PB ratio of the Harish Textile Engineers Ltd is above 3 which indicates that the stock is overvalued but this is common in high-growing sectors.
  • The P/B Ratio of Harish Textile Engineers Ltd changed from 1.1 on March 2020 to 1.8 on March 2024 . This represents a CAGR of 10.35% over 5 years.

Historical P/B Ratio of Harish Textile Engineers Ltd

No data available

Company Fundamentals for Harish Textile Engineers Ltd

Market Cap

23 Cr

EPS

0.0

P/E Ratio (TTM)

0.0

P/B Ratio (TTM)

3.0

Day’s High

69.0

Day’s Low

69.0

DTE

4.8

ROE

-22.3

52 Week High

102.6

52 Week Low

44.2

ROCE

6.6

Market Price of Harish Textile Engineers Ltd

1M

1Y

3Y

5Y

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

Last Ten Days Market Price

Date
leftPrice (₹)right
22 Apr 202569
21 Apr 202569
17 Apr 202569.89
16 Apr 202569.91
15 Apr 202570.64
11 Apr 202563.34
09 Apr 202570.89
08 Apr 202568
07 Apr 202571.49
04 Apr 202571.65

SWOT Analysis Of Harish Textile Engineers Ltd

Strength

1

che

Weakness

0

che

Opportunity

0

che

Threats

0

che

BlinkX Score for Harish Textile Engineers Ltd

Asset Value vs Market Value of Harish Textile Engineers Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

PB Ratio of Harish Textile Engineers Ltd Explained

23.02

Market cap

23

Book Value per Share

3.0X

PB Ratio

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 Harish Textile Engineers Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Harish Textile Engineers Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Harish Textile Engineers Ltd News Hub

Harish Textile Engineers standalone net profit rises 175.00% in the June 2024 quarter

Net profit of Harish Textile Engineers rose 175.00% to Rs 0.11 crore in the quarter ended June 2024

Read more

13 Aug 24

Harish Textile Engineers to convene board meeting

Harish Textile Engineers will hold a meeting of the Board of Directors of the Company on 13 August 2

Read more

08 Aug 24

Harish Textile Engineers to conduct board meeting

Harish Textile Engineers will hold a meeting of the Board of Directors of the Company on 4 September

Read more

31 Aug 24

Harish Textile Engineers AGM scheduled

Harish Textile Engineers announced that the Annual General Meeting (AGM) of the company will be held

Read more

14 Sept 24

Document

Annual Reports

N/A

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Credit Ratings

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Concalls

Data not available

FAQs for PB Ratio of Harish Textile Engineers Ltd

What is the PB ratio of Harish Textile Engineers Ltd?

The current PB ratio of Harish Textile Engineers Ltd is 2.96. 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 Harish Textile Engineers Ltd stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for Harish Textile Engineers 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 Harish Textile Engineers Ltd calculated?

The PB ratio of Harish Textile Engineers 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 Harish Textile Engineers Ltd?

A high PB ratio suggests that Harish Textile Engineers 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 Harish Textile Engineers Ltd?

A low PB ratio of Harish Textile Engineers Ltd may indicate that the stock is undervalued or it is facing financial difficulties.

Can Harish Textile Engineers Ltd PB Ratio change over time?

Yes, the PB ratio of Harish Textile Engineers 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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