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Kanishk Steel Industries Ltd PB Ratio

Kanishk Steel Industries Ltd PB Ratio

stocks purchased

₹ 0.0 Cr

Volume Transacted

(Nov 12, 2024)

stocks purchased

3.5 K

Stocks Traded

(Nov 12, 2024)

Last Updated on: Nov 13, 2024

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Kanishk Steel Industries Ltd

NSE: KANISHKSTEEL

PB

1.1

Last updated on: Nov 12, 2024

Key Highlights

  • The P/B Ratio of Kanishk Steel Industries Ltd is 1.1 as of 12 Nov 24.
  • The P/B Ratio of Kanishk Steel Industries Ltd changed from 1.3 on March 2022 to 0.8 on March 2024 . This represents a CAGR of -14.94% over 3 years. .

Historical P/B Ratio of Kanishk Steel Industries Ltd

No data available

Company Fundamentals for Kanishk Steel Industries Ltd

Market Cap

103 Cr

EPS

0.0

P/E Ratio (TTM) *

0.0

P/B Ratio (TTM) *

1.1

Day’s High *

37.49

Day’s Low

35.1

DTE *

0.4

ROE *

-0.2

52 Week High

51.0

52 Week Low

25.05

ROCE *

4.7

Market Price Over Time

1M

1Y

3Y

5Y

Monitoring Kanishk Steel Industries 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 202436.49
11 Nov 202436.71
08 Nov 202438.62
07 Nov 202438.76
06 Nov 202437.91
05 Nov 202439.9
04 Nov 202439.49
01 Nov 202437.84
31 Oct 202438.54
30 Oct 202436.78

BlinkX Score for Kanishk Steel Industries Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Kanishk Steel Industries Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Kanishk Steel Industries Ltd1103
JSW Steel Ltd3192,33,993
Tata Steel Ltd1121,79,950
Jindal Steel & Power Ltd47590,446
Tube Investments of India Ltd22068,897
Jindal Stainless Ltd17857,451

Key Valuation Metric of Kanishk Steel Industries Ltd

Share Price

₹36

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 Kanishk Steel Industries Ltd

No data available

* All values are in crore

Historical Revenue of Kanishk Steel Industries Ltd

No data available

* All values are in crore

Historical EBITDA of Kanishk Steel Industries Ltd

No data available

* All values are in crore

Historical Net Profit of Kanishk Steel Industries Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Kanishk Steel Industries Ltd News Hub

News

Kanishk Steel Industries to hold board meeting

Kanishk Steel Industries will hold a meeting of the Board of Directors of the Company on 9...

Read more

02 Nov 202413:55

News

Kanishk Steel Industries to convene board meeting

Kanishk Steel Industries will hold a meeting of the Board of Directors of the Company on 9...

Read more

31 Oct 202411:49

News

Kanishk Steel Industries AGM scheduled

Kanishk Steel Industries announced that the Annual General Meeting (AGM) of the company wi...

Read more

18 Sep 202411:05

News

Kanishk Steel Industries schedules AGM

Kanishk Steel Industries announced that the Annual General Meeting (AGM) of the company wi...

Read more

17 Sep 202417:27

News

Kanishk Steel Industries to discuss results

Kanishk Steel Industries will hold a meeting of the Board of Directors of the Company on 1...

Read more

06 Aug 202416:35

News

Kanishk Steel Industries announces board meeting date

Kanishk Steel Industries will hold a meeting of the Board of Directors of the Company on 2...

Read more

17 May 202416:41

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Annual Reports

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Credit Ratings

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Concalls

Data not available

FAQs for PB Ratio of Kanishk Steel Industries Ltd

What is the PB ratio of Kanishk Steel Industries Ltd?

The current PB ratio of Kanishk Steel Industries Ltd is 1.09. 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 Kanishk Steel Industries Ltd stocks?

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

The PB ratio of Kanishk Steel Industries 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 Kanishk Steel Industries Ltd?

A high PB ratio suggests that Kanishk Steel Industries 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 Kanishk Steel Industries Ltd?

A low PB ratio of Kanishk Steel Industries Ltd may indicate that the stock is undervalued or it is facing financial difficulties.

Can Kanishk Steel Industries Ltd PB Ratio change over time?

Yes, the PB ratio of Kanishk Steel Industries 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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