Solar Industries India (NSE:SOLARINDS) Price-to-Tangible-Book : 28.15 (As of Jun. 19, 2024)

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What is Solar Industries India Price-to-Tangible-Book?

As of today (2024-06-19), Solar Industries India's share price is ₹10053.00. Solar Industries India's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ₹357.14. Hence, Solar Industries India's Price to Tangible Book Ratio of today is 28.15.

The historical rank and industry rank for Solar Industries India's Price-to-Tangible-Book or its related term are showing as below:

NSE:SOLARINDS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.25 Med: 8.34 Max: 28.15
Current: 28.15

During the past 13 years, Solar Industries India's highest Price to Tangible Book Ratio was 28.15. The lowest was 6.25. And the median was 8.34.

NSE:SOLARINDS's Price-to-Tangible-Book is ranked worse than
98.86% of 1486 companies
in the Chemicals industry
Industry Median: 1.765 vs NSE:SOLARINDS: 28.15

A closely related ratio is called PB Ratio. As of today, Solar Industries India's share price is ₹10053.00. Solar Industries India's Book Value per Sharefor the quarter that ended in Mar. 2024 was ₹365.30. Hence, Solar Industries India's P/B Ratio of today is 27.52.

Solar Industries India Price-to-Tangible-Book Historical Data

The historical data trend for Solar Industries India's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Solar Industries India Price-to-Tangible-Book Chart

Solar Industries India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Price-to-Tangible-Book

Get a 7-Day Free Trial

6.25

7.62

13.65

13.46

24.59

Solar Industries India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															13.46	-	15.58	-	24.59

Competitive Comparison of Solar Industries India's Price-to-Tangible-Book

For the Specialty Chemicals subindustry, Solar Industries India's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Solar Industries India's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Industries India's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Solar Industries India's Price-to-Tangible-Book falls into.

Solar Industries India Price-to-Tangible-Book Calculation

Solar Industries India's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	10053.00	/	357.14
	=	28.15

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Solar Industries India Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Solar Industries India's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Solar Industries India (NSE:SOLARINDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Industries India Ltd (NSE:SOLARINDS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

532725:India

Address

Amravati Road, Solar House, 14, Kachimet, Nagpur, MH, IND, 440023

Website

https://www.solargroup.com

Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company primarily sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.

Solar Industries India (NSE:SOLARINDS) Headlines

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