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PB Ratio of Nitin Castings Ltd

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Nitin Castings Ltd

NSE: NITINCASTINGS

PB Ratio

4.5

Last updated on: Dec 26, 2024

Key Highlights

  • The latest PB Ratio of Nitin Castings Ltd is 4.5.
  • The PB ratio of the Nitin Castings Ltd is above 3 which indicates that the stock is overvalued but this is common in high-growing sectors.
  • The P/B Ratio of Nitin Castings Ltd changed from 0.9 on March 2019 to 4.4 on March 2024 . This represents a CAGR of 30.28% over 6 years.

Historical P/B Ratio of Nitin Castings Ltd

No data available

Company Fundamentals for Nitin Castings Ltd

Market Cap

349 Cr

EPS

29.8

P/E Ratio (TTM)

22.8

P/B Ratio (TTM)

4.5

Day’s High

697.95

Day’s Low

685.0

DTE

0.1

ROE

19.6

52 Week High

885.0

52 Week Low

472.0

ROCE

24.1

Market Price of Nitin Castings Ltd

1M

1Y

3Y

5Y

Monitoring Nitin Castings 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
26 Dec 2024680
24 Dec 2024690
23 Dec 2024684
20 Dec 2024684
19 Dec 2024678

SWOT Analysis

Strength

0

che

Weakness

0

che

Opportunity

0

che

Threats

0

che

BlinkX Score for Nitin Castings Ltd

Asset Value vs Market Value of Nitin Castings Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/B Ratio

Historical Market Cap of Nitin Castings Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Nitin Castings Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

FAQs for PB Ratio of Nitin Castings Ltd

What is the PB ratio of Nitin Castings Ltd?

The current PB ratio of Nitin Castings Ltd is 4.46. 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 Nitin Castings Ltd stocks?

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

The PB ratio of Nitin Castings 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 Nitin Castings Ltd?

A high PB ratio suggests that Nitin Castings 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 Nitin Castings Ltd?

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

Can Nitin Castings Ltd PB Ratio change over time?

Yes, the PB ratio of Nitin Castings Ltd can change over time due to fluctuations in the company’s stock price and changes in its book value.

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