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Nitin Spinners Ltd PB Ratio

Nitin Spinners Ltd PB Ratio

stocks purchased

₹ 0.6 Cr

Volume transacted

stocks purchased

15.1 K

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Last Updated time: 18 Sep 9.00 AM

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Nitin Spinners Ltd

NSE: NITINSPIN

PB

2

Last updated: 18 Sep 24

Key Highlights

  • The P/B Ratio of Nitin Spinners Ltd is 2 as of 18 Sep 24.
  • The P/B Ratio of Nitin Spinners Ltd changed from 1.5 on March 2022 to 1.6 on March 2024 . This represents a CAGR of 2.17% over 3 years. .

Historical P/B Ratio of Nitin Spinners Ltd

No data available

Company Fundamentals for Nitin Spinners Ltd

Market Cap

2,241 Cr

EPS

25.7

P/E Ratio (TTM) *

15.5

P/B Ratio (TTM) *

2.0

Day’s High *

410.35

Day’s Low

395.5

DTE *

1.2

ROE *

11.5

52 Week High

473.0

52 Week Low

260.8

ROCE *

10.5

Share price Over Time

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 Share Price

Date
leftPriceleft
18 Sep 2024398.65
17 Sep 2024408.25
16 Sep 2024413.8
13 Sep 2024415.25
12 Sep 2024413.45
11 Sep 2024413.05
10 Sep 2024420.1
09 Sep 2024416.35
06 Sep 2024417.85
05 Sep 2024422.95

SWOT Analysis Of Nitin Spinners Ltd

Strength

0

S

Weakness

0

W

Opportunity

0

O

Threats

1

T

BlinkX Score for Nitin Spinners Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Nitin Spinners Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Nitin Spinners Ltd12,241
Grasim Industries Ltd7911,83,298
Trident Ltd718,438
Welspun Living Ltd3817,342
LS Industries Ltd016,153
Raymond Lifestyle Ltd38614,282

Key Valuation Metric of Nitin Spinners Ltd

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 Nitin Spinners Ltd

No data available

* All values are in crore

Historical Revenue of Nitin Spinners Ltd

No data available

* All values are in crore

Historical EBITDA of Nitin Spinners Ltd

No data available

* All values are in crore

Historical Net Profit of Nitin Spinners Ltd

No data available

* All values are in crore

Dividend per Share (DPS) Over Time

No data available

Nitin Spinners Ltd News Hub

News

Nitin Spinners to conduct AGM

Nitin Spinners announced that the 32nd Annual General Meeting (AGM) of the company will be...

Read more

23 Jul 202418:16

News

Board of Nitin Spinners approves change in directorate

The Board of Nitin Spinners at its meeting held on 22 July 2024 has approved the following...

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22 Jul 202417:36

News

Nitin Spinners to table results

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 22 July 202...

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13 Jul 202413:36

News

Board of Nitin Spinners recommends Final Dividend

Nitin Spinners announced that the Board of Directors of the Company at its meeting held on...

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09 May 202415:30

News

Nitin Spinners to announce Quarterly Result

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 9 May 2024....

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30 Apr 202418:45

News

Nitin Spinners schedules board meeting

Nitin Spinners will hold a meeting of the Board of Directors of the Company on 29 January ...

Read more

17 Jan 202417:23

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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 1.96. 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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