Price to Book Value (P/B ratio) is a financial metric that compares a company’s market value to its book value, indicating how much investors are willing to pay for each dollar of net assets. A lower P/B ratio may signal undervaluation, while a higher ratio suggests potential overvaluation relative to the company’s assets.
Here are the stocks under Rs 300 with price-to-book value less than 1;
Den Networks Ltd
DEN Networks Limited is primarily engaged in the distribution of television channels through a digital cable distribution network. It provides visual entertainment to its customers through cable television (TV), over-the-top (OTT) entertainment, and broadband services.
With a market capitalization of Rs 2,422 crore, the shares closed at Rs 51 per share, decreased around 2 percent as compared to the previous closing price. The company has a price-to-book ratio of 0.72.
DEN’s cable operations reach around 450 cities/towns in 13 significant Indian states: Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand.
Looking at the company’s financial statements, the revenue dropped by 9 percent from Rs. 273 crores in Q1FY24 to Rs. 248 crores in Q1FY25. In addition, the net profits zoomed by 2 percent from Rs. 42 crores to Rs. 43 crores during the same period.
Karnataka Bank Ltd
Karnataka Bank Ltd offers a wide variety of banking and financial services, including retail, corporate banking, and para-banking activities, as well as treasury and foreign exchange transactions. It operates in four segments: Treasury, Corporate Banking, Retail Banking, and Other Banking Operations.
With a market capitalization of Rs 8,293 crore, the shares were trading at Rs 220 per share, decreased around 2 percent as compared to the previous closing price. The company has a price-to-book ratio of 0.77.
The company’s Q1 FY25 profitability improved with a 10.9% YoY increase in NII, driven by higher Interest Income of INR 2,278 Cr. NIM rose 24 bps QoQ to 3.54%. PAT grew 46.0% QoQ and 8% YoY to INR 400 Cr, enhancing ROA and ROE to 1.38% and 14.45%, respectively.
Looking at the company’s financial statements, the revenue zoomed by 16 percent from Rs. 1,959 crores in Q1FY24 to Rs. 2,278 crores in Q1FY25. In addition, the net profits zoomed by 8 percent from Rs. 371 crores to Rs. 400 crores during the same period.
Gujarat State Fertilizers & Chemicals Ltd
Gujarat State Fertilizers & Chemicals Limited operates through two segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment consists of urea, ammonium sulfate, di-ammonium phosphate, ammonium phosphate sulfate, traded fertilizer products, and others.
With a market capitalization of Rs 9,283 crore, the shares were trading at Rs 233 per share, increasing around 2.50 percent as compared to the previous closing price. The company has a price-to-book ratio of 0.75.
Looking at the company’s financial statements, the revenue zoomed by 16 percent from Rs. 2,063 crores in Q1FY24 to Rs. 2,163 crores in Q1FY25. In addition, the net profits zoomed by 8 percent from Rs. 371 crores to Rs. 400 crores during the same period.
Written by:- Abhishek Singh
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