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Meera Industries Ltd PB Ratio

Meera Industries Ltd PB Ratio

stocks purchased

₹ 0.1 Cr

Volume Transacted

(Nov 7, 2024)

stocks purchased

7.6 K

Stocks Traded

(Nov 7, 2024)

Last Updated on: Nov 08, 2024

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Meera Industries Ltd

NSE: MEERAINDUSTRIES

PB

3.2

Last updated on: Nov 07, 2024

Key Highlights

  • The P/B Ratio of Meera Industries Ltd is 3.2 as of 07 Nov 24.
  • The P/B Ratio of Meera Industries Ltd changed from 4.1 on March 2022 to 1.8 on March 2024 . This represents a CAGR of -24.00% over 3 years. .

Historical P/B Ratio of Meera Industries Ltd

No data available

Company Fundamentals for Meera Industries Ltd

Market Cap

91 Cr

EPS

3.0

P/E Ratio (TTM) *

28.1

P/B Ratio (TTM) *

3.2

Day’s High *

85.43

Day’s Low

85.43

DTE *

0.2

ROE *

11.5

52 Week High

140.0

52 Week Low

34.98

ROCE *

11.2

Market Price Over Time

1M

1Y

3Y

5Y

Monitoring Meera 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
07 Nov 202485.43
06 Nov 202487.17
05 Nov 202488.94
04 Nov 202490.75
31 Oct 202492.6
30 Oct 202494.45
29 Oct 202496.35
28 Oct 202498.3
25 Oct 2024100.3
24 Oct 2024102.3

BlinkX Score for Meera Industries Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Meera Industries Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Meera Industries Ltd391
Cummins India Ltd22298,572
Thermax Ltd29660,754
Carborundum Universal Ltd12727,194
Jyoti CNC Automation Ltd7726,182
Grindwell Norton Ltd18424,264

Key Valuation Metric of Meera Industries Ltd

Share Price

₹85

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 Meera Industries Ltd

No data available

* All values are in crore

Historical Revenue of Meera Industries Ltd

No data available

* All values are in crore

Historical EBITDA of Meera Industries Ltd

No data available

* All values are in crore

Historical Net Profit of Meera Industries Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Meera Industries Ltd News Hub

News

Meera Industries to discuss results

Meera Industries will hold a meeting of the Board of Directors of the Company on 29 Octobe...

Read more

23 Oct 202410:42

News

Meera Industries wins order of Rs 5.58 cr

Meera Industries announced that it has secured a significant domestic order from DNH Spinn...

Read more

22 Oct 202409:25

News

Meera Industries Ltd leads gainers in 'B' group

Mukta Arts Ltd, Medicamen Biotech Ltd, Sarthak Metals Ltd and Bhakti Gems & Jewellery Ltd ...

Read more

25 Sep 202412:15

News

Meera Industries to convene AGM

Meera Industries announced that the 18th Annual General Meeting (AGM) of the company will ...

Read more

13 Aug 202414:26

News

Board of Meera Industries recommends interim dividend

Meera Industries announced that the Board of Directors of the Company at its meeting held ...

Read more

13 Aug 202409:49

News

Meera Industries to conduct board meeting

Meera Industries will hold a meeting of the Board of Directors of the Company on 12 August...

Read more

08 Aug 202416:22

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Annual Reports

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Credit Ratings

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Concalls

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FAQs for PB Ratio of Meera Industries Ltd

What is the PB ratio of Meera Industries Ltd?

The current PB ratio of Meera Industries Ltd is 3.24. 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 Meera Industries Ltd stocks?

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

The PB ratio of Meera 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 Meera Industries Ltd?

A high PB ratio suggests that Meera 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 Meera Industries Ltd?

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

Can Meera Industries Ltd PB Ratio change over time?

Yes, the PB ratio of Meera 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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