The P/B ratio shows how a stock's market price compares to its book value. It helps gauge whether a stock is undervalued or overvalued relative to its net assets.

Promoted in 1956 Saurashtra Cement Ltd (SCL) was set up to manufacture cement by the semi-dry process. In 1960 the Mehta group headed by Nanji Kalidas Mehta invested Rs 50 lac in SCL. The plant is ...