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Harish Textile Engineers Ltd PB Ratio

Harish Textile Engineers Ltd PB Ratio

stocks purchased

₹ 0.0 Cr

Volume Transacted

(Nov 12, 2024)

stocks purchased

4.6 K

Stocks Traded

(Nov 12, 2024)

Last Updated on: Nov 13, 2024

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Harish Textile Engineers Ltd

NSE: HARISHTEXTILE

PB

3.4

Last updated on: Nov 12, 2024

Key Highlights

  • The P/B Ratio of Harish Textile Engineers Ltd is 3.4 as of 12 Nov 24.
  • The P/B Ratio of Harish Textile Engineers Ltd changed from 1.8 on March 2022 to 1.8 on March 2024 . This represents a CAGR of 0.00% over 3 years. .

Historical P/B Ratio of Harish Textile Engineers Ltd

No data available

Company Fundamentals for Harish Textile Engineers Ltd

Market Cap

31 Cr

EPS

0.0

P/E Ratio (TTM) *

0.0

P/B Ratio (TTM) *

3.4

Day’s High *

102.02

Day’s Low

95.02

DTE *

3.9

ROE *

-3.1

52 Week High

102.02

52 Week Low

42.7

ROCE *

11.2

Market Price Over Time

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
12 Nov 202495.02
11 Nov 2024100.02
08 Nov 202496.97
07 Nov 202493.03
06 Nov 202490
05 Nov 202485.94
04 Nov 202483
01 Nov 202486.01
31 Oct 202485.86
30 Oct 202484.99

SWOT Analysis Of Harish Textile Engineers Ltd

Strength

1

S

Weakness

0

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Harish Textile Engineers Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Harish Textile Engineers Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Harish Textile Engineers Ltd331
Grasim Industries Ltd7911,69,442
Trident Ltd716,674
Welspun Living Ltd3814,995
Vardhman Textiles Ltd31614,012
Raymond Lifestyle Ltd38613,375

Key Valuation Metric of Harish Textile Engineers Ltd

Share Price

₹95

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

No data available

* All values are in crore

Historical Revenue of Harish Textile Engineers Ltd

No data available

* All values are in crore

Historical EBITDA of Harish Textile Engineers Ltd

No data available

* All values are in crore

Historical Net Profit of Harish Textile Engineers Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Harish Textile Engineers Ltd News Hub

News

Harish Textile Engineers revises board meeting date

Harish Textile Engineers has revised the meeting of the Board of Directors which was sched...

Read more

31 Oct 202408:49

News

Harish Textile Engineers to discuss results

Harish Textile Engineers will hold a meeting of the Board of Directors of the Company on 3...

Read more

25 Oct 202410:44

News

Harish Textile Engineers to conduct AGM

Harish Textile Engineers announced that the Annual General Meeting (AGM) of the company wi...

Read more

16 Sep 202410:21

News

Harish Textile Engineers AGM scheduled

Harish Textile Engineers announced that the Annual General Meeting (AGM) of the company wi...

Read more

14 Sep 202417:37

News

Harish Textile Engineers to conduct board meeting

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

Read more

31 Aug 202410:29

News

Harish Textile Engineers to convene board meeting

Harish Textile Engineers will hold a meeting of the Board of Directors of the Company on 1...

Read more

08 Aug 202416:07

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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 3.43. 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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