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Nitin Spinners Ltd PB Ratio

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Nitin Spinners Ltd

NSE: NITINSPIN

PB

1.9

Last updated on: 29 Nov 24

Key Highlights

  • The latest PB Ratio of Nitin Spinners Ltd is 1.9.
  • The PB ratio of the Nitin Spinners 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 Spinners Ltd changed from 1 on March 2019 to 1.6 on March 2024 . This represents a CAGR of 8.15% over 6 years.

Historical P/B Ratio of Nitin Spinners Ltd

No data available

Company Fundamentals for Nitin Spinners Ltd

Market Cap

2,279 Cr

EPS

27.6

P/E Ratio (TTM)

14.7

P/B Ratio (TTM)

1.9

Day’s High

415.0

Day’s Low

401.65

DTE

1.0

ROE

12.7

52 Week High

473.0

52 Week Low

292.65

ROCE

13.0

Market Price of Nitin Spinners Ltd

1M

1Y

3Y

5Y

Monitoring Nitin Spinners 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
29 Nov 2024405.45
28 Nov 2024406.3
27 Nov 2024399.5
26 Nov 2024395.45
25 Nov 2024376.45

SWOT Analysis Of Nitin Spinners Ltd

Strength

0

che

Weakness

0

che

Opportunity

0

che

Threats

1

che

BlinkX Score for Nitin Spinners Ltd

Asset Value vs Market Value of Nitin Spinners Ltd

Market Value

0

Asset Value

0

* All values are in ₹ crores

Competitive Comparison of P/B Ratio

Company
leftPBright
Nitin Spinners Ltd1.87
Grasim Industries Ltd835.2
Trident Ltd7.0
Welspun Living Ltd38.3
Vardhman Textiles Ltd316.1

Historical Market Cap of Nitin Spinners Ltd

Market Cap

No data available

* All values are in crore

Historical Revenue, EBITDA and Net Profit of Nitin Spinners Ltd

Revenue

EBITDA

Net Profit

No data available

* All values are in crore

FAQs for PB Ratio of Nitin Spinners Ltd

What is the PB ratio of Nitin Spinners Ltd?

The current PB ratio of Nitin Spinners Ltd is 1.87. 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 Spinners Ltd stocks?

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

The PB ratio of Nitin Spinners 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 Spinners Ltd?

A high PB ratio suggests that Nitin Spinners 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 Spinners Ltd?

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

Can Nitin Spinners Ltd PB Ratio change over time?

Yes, the PB ratio of Nitin Spinners 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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