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Welcast Steels Ltd PB Ratio

Welcast Steels Ltd PB Ratio

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₹ 0.0 Cr

Volume Transacted

(Nov 8, 2024)

stocks purchased

0.0 K

Stocks Traded

(Nov 8, 2024)

Last Updated on: Nov 08, 2024

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Welcast Steels Ltd

NSE: WELCASTSTEELS

PB

2.3

Last updated on: Nov 07, 2024

Key Highlights

  • The P/B Ratio of Welcast Steels Ltd is 2.3 as of 07 Nov 24.
  • The P/B Ratio of Welcast Steels Ltd changed from 0.8 on March 2022 to 2.5 on March 2024 . This represents a CAGR of 46.20% over 3 years. .

Historical P/B Ratio of Welcast Steels Ltd

No data available

Company Fundamentals for Welcast Steels Ltd

Market Cap

89 Cr

EPS

30.2

P/E Ratio (TTM) *

46.4

P/B Ratio (TTM) *

2.3

Day’s High *

1445.0

Day’s Low

1425.0

DTE *

0.0

ROE *

4.9

52 Week High

1861.85

52 Week Low

1007.2

ROCE *

6.6

Market Price Over Time

1M

1Y

3Y

5Y

Monitoring Welcast Steels 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 20241402.6
06 Nov 20241381.45
05 Nov 20241404.8
04 Nov 20241350
01 Nov 20241375.35
31 Oct 20241335
30 Oct 20241352.95
29 Oct 20241318.55
25 Oct 20241440.95
24 Oct 20241454.9

SWOT Analysis Of Welcast Steels Ltd

Strength

2

S

Weakness

1

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Welcast Steels Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Asset Value vs Market Value of Welcast Steels Ltd

Market Value

0

Asset Value

0

* All values are in Rupees

Competitive Comparison of P/B Ratio

Company NamePBMarket Cap (INR Cr.)
Welcast Steels Ltd289
Cummins India Ltd21898,572
Thermax Ltd30060,754
Carborundum Universal Ltd12627,194
Jyoti CNC Automation Ltd7626,182
Grindwell Norton Ltd18424,264

Key Valuation Metric of Welcast Steels Ltd

Share Price

₹1,425

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 Welcast Steels Ltd

No data available

* All values are in crore

Historical Revenue of Welcast Steels Ltd

No data available

* All values are in crore

Historical EBITDA of Welcast Steels Ltd

No data available

* All values are in crore

Historical Net Profit of Welcast Steels Ltd

No data available

* All values are in crore

Dividend Payout Over Time

No data available

Welcast Steels Ltd News Hub

News

Welcast Steels to announce Quarterly Result

Welcast Steels will hold a meeting of the Board of Directors of the Company on 29 October ...

Read more

19 Oct 202409:55

News

Welcast Steels to conduct board meeting

Welcast Steels will hold a meeting of the Board of Directors of the Company on 7 August 20...

Read more

31 Jul 202410:16

News

Board of Welcast Steels recommends final dividend

Welcast Steels announced that the Board of Directors of the Company at its meeting held on...

Read more

14 May 202410:01

News

Welcast Steels to hold AGM

Welcast Steels announced that the 52th Annual General Meeting(AGM) of the company will be ...

Read more

14 May 202410:01

News

Welcast Steels to conduct board meeting

Welcast Steels will hold a meeting of the Board of Directors of the Company on 13 May 2024...

Read more

04 May 202414:22

News

Welcast Steels announces board meeting date

Welcast Steels will hold a meeting of the Board of Directors of the Company on 2 February ...

Read more

24 Jan 202413:43

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Annual Reports

N/A

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Credit Ratings

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Concalls

Data not available

FAQs for PB Ratio of Welcast Steels Ltd

What is the PB ratio of Welcast Steels Ltd?

The current PB ratio of Welcast Steels Ltd is 2.27. 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 Welcast Steels Ltd stocks?

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

The PB ratio of Welcast Steels 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 Welcast Steels Ltd?

A high PB ratio suggests that Welcast Steels 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 Welcast Steels Ltd?

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

Can Welcast Steels Ltd PB Ratio change over time?

Yes, the PB ratio of Welcast Steels 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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