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Hitech Corporation Ltd PB Ratio

Hitech Corporation Ltd PB Ratio

stocks purchased

₹ 0.1 Cr

Volume Transacted

(Nov 7, 2024)

stocks purchased

3.1 K

Stocks Traded

(Nov 7, 2024)

Last Updated on: Nov 08, 2024

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Hitech Corporation Ltd

NSE: HITECHCORP

PB

1.8

Last updated on: Nov 07, 2024

Key Highlights

  • The P/B Ratio of Hitech Corporation Ltd is 1.8 as of 07 Nov 24.
  • The P/B Ratio of Hitech Corporation Ltd changed from 1.8 on March 2022 to 1.3 on March 2024 . This represents a CAGR of -10.28% over 3 years. .

Historical P/B Ratio of Hitech Corporation Ltd

No data available

Company Fundamentals for Hitech Corporation Ltd

Market Cap

476 Cr

EPS

10.4

P/E Ratio (TTM) *

26.8

P/B Ratio (TTM) *

1.8

Day’s High *

291.95

Day’s Low

274.0

DTE *

0.3

ROE *

8.4

52 Week High

350.5

52 Week Low

180.0

ROCE *

12.9

Market Price Over Time

1M

1Y

3Y

5Y

Monitoring Hitech Corporation 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
07 Nov 2024277.45
06 Nov 2024289
05 Nov 2024288.3
04 Nov 2024282.45
01 Nov 2024290.4
31 Oct 2024279.7
30 Oct 2024281.4
29 Oct 2024272.15
28 Oct 2024276.3
25 Oct 2024270.3

SWOT Analysis Of Hitech Corporation Ltd

Strength

0

S

Weakness

0

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Hitech Corporation Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Hitech Corporation Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Hitech Corporation Ltd1476
Inox India Ltd7410,261
Garware Hi Tech Films Ltd8519,438
EPL Ltd298,714
AGI Greenpac Ltd2806,001
Uflex Ltd4214,437

Key Valuation Metric of Hitech Corporation Ltd

Share Price

₹277

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 Hitech Corporation Ltd

No data available

* All values are in crore

Historical Revenue of Hitech Corporation Ltd

No data available

* All values are in crore

Historical EBITDA of Hitech Corporation Ltd

No data available

* All values are in crore

Historical Net Profit of Hitech Corporation Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Hitech Corporation Ltd News Hub

News

Hitech Corporation Ltd leads gainers in 'B' group

Gautam Gems Ltd, AGI Infra Ltd, Butterfly Gandhimathi Appliances Ltd and Alankit Ltd are a...

Read more

19 Sep 202412:15

News

Hitech Corp. announces board meeting date

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 8 August 2024...

Read more

02 Aug 202414:12

News

Hitech Corp. to conduct AGM

Hitech Corp. announced that the 33th Annual General Meeting (AGM) of the company will be h...

Read more

29 Jun 202417:30

News

Board of Hitech Corp. recommends final dividend

Hitech Corp. announced that the Board of Directors of the Company at its meeting held on 1...

Read more

17 May 202409:41

News

Hitech Corp. schedules board meeting

Hitech Corp. will hold a meeting of the Board of Directors of the Company on 16 May 2024 P...

Read more

10 May 202416:05

News

Hitech Corporation incorporates wholly owned subsidiary in USA

Hitech Corporation has incorporated a wholly owned subsidiary in USA on 17 April 2024 with...

Read more

18 Apr 202416:39

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Annual Reports

N/A

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Credit Ratings

N/A

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Concalls

Data not available

FAQs for PB Ratio of Hitech Corporation Ltd

What is the PB ratio of Hitech Corporation Ltd?

The current PB ratio of Hitech Corporation Ltd is 1.81. 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 Hitech Corporation Ltd stocks?

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

The PB ratio of Hitech Corporation 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 Hitech Corporation Ltd?

A high PB ratio suggests that Hitech Corporation 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 Hitech Corporation Ltd?

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

Can Hitech Corporation Ltd PB Ratio change over time?

Yes, the PB ratio of Hitech Corporation 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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