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Hi-tech Pipes Ltd PB Ratio

Hi-tech Pipes Ltd PB Ratio

stocks purchased

₹ 2.5 Cr

Volume transacted

stocks purchased

126.5 K

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Last Updated time: 18 Sep 9.00 AM

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Hi-Tech Pipes Ltd

NSE: HITECH

PB

6

Last updated: 18 Sep 24

Key Highlights

  • The P/B Ratio of Hi-Tech Pipes Ltd is 6 as of 18 Sep 24.
  • The P/B Ratio of Hi-Tech Pipes Ltd changed from 2.4 on March 2022 to 4 on March 2024 . This represents a CAGR of 18.56% over 3 years. .

Historical P/B Ratio of Hi-Tech Pipes Ltd

No data available

Company Fundamentals for Hi-Tech Pipes Ltd

Market Cap

3,509 Cr

EPS

3.1

P/E Ratio (TTM) *

64.9

P/B Ratio (TTM) *

6.0

Day’s High *

210.0

Day’s Low

196.25

DTE *

0.6

ROE *

7.6

52 Week High

210.0

52 Week Low

79.06

ROCE *

10.6

Share price Over Time

1M

1Y

3Y

5Y

Monitoring Hi-Tech Pipes 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 2024199.3
17 Sep 2024194.25
16 Sep 2024196.8
13 Sep 2024192.65
12 Sep 2024194.2
11 Sep 2024192.65
10 Sep 2024191.75
09 Sep 2024191.4
06 Sep 2024189.9
05 Sep 2024194

SWOT Analysis Of Hi-Tech Pipes Ltd

Strength

1

S

Weakness

2

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Hi-Tech Pipes Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Hi-Tech Pipes Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Hi-Tech Pipes Ltd53,509
JSW Steel Ltd3072,33,688
Tata Steel Ltd1091,88,002
Jindal Steel & Power Ltd4461,04,508
Tube Investments of India Ltd20577,795
Jindal Stainless Ltd16661,704

Key Valuation Metric of Hi-Tech Pipes 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 Hi-Tech Pipes Ltd

No data available

* All values are in crore

Historical Revenue of Hi-Tech Pipes Ltd

No data available

* All values are in crore

Historical EBITDA of Hi-Tech Pipes Ltd

No data available

* All values are in crore

Historical Net Profit of Hi-Tech Pipes Ltd

No data available

* All values are in crore

Dividend per Share (DPS) Over Time

No data available

Hi-Tech Pipes Ltd News Hub

News

Hi-Tech Pipes to conduct AGM

Hi-Tech Pipes announced that the Annual General Meeting (AGM) of the company will be held ...

Read more

03 Sep 202411:37

News

Hi-Tech Pipes receives credit ratings from India Ratings and Research

Hi-Tech Pipes has received the credit rating of IND A; Stable/ IND A1 for bank facilities ...

Read more

03 Sep 202410:16

News

Hi-Tech Pipes wins order of Rs 105 cr from renewable energy sector

Hi-Tech Pipes has received order for supplying ERW Steel Pipes, totaling of Rs.105 (Inclus...

Read more

20 Aug 202409:10

News

Hi-Tech Pipes board approves fund raising upto Rs 600 cr

The company may issue of equity shares or any other equity linked instruments or securitie...

Read more

20 Aug 202408:57

News

Hi-Tech Pipes rises after securing orders worth Rs 105 crore from renewable energy sector

'These significant contracts reflect the growing demand for sustainable energy solutions a...

Read more

20 Aug 202411:59

News

Hi-Tech Pipes to consider Fund Raising

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 19 August 20...

Read more

14 Aug 202410:42

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Annual Reports

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FAQs for PB Ratio of Hi-Tech Pipes Ltd

What is the PB ratio of Hi-Tech Pipes Ltd?

The current PB ratio of Hi-Tech Pipes Ltd is 5.97. 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 Hi-Tech Pipes Ltd stocks?

An ideal PB ratio varies by industry; however, a PB ratio below 1.0 may indicate a good buying opportunity for Hi-Tech Pipes 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 Hi-Tech Pipes Ltd calculated?

The PB ratio of Hi-Tech Pipes 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 Hi-Tech Pipes Ltd?

A high PB ratio suggests that Hi-Tech Pipes 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 Hi-Tech Pipes Ltd?

A low PB ratio of Hi-Tech Pipes Ltd may indicate that the stock is undervalued or it is facing financial difficulties.

Can Hi-Tech Pipes Ltd PB Ratio change over time?

Yes, the PB ratio of Hi-Tech Pipes 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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