Patanjali Ayurved established in the year 2006, is a leading manufacturer and marketer of herbal, nature-based products, medicines and other FMCG products, known for Yoga exponent Baba Ramdev.

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.

Sanjeev Asthana, CEO of Patanjali Foods, said the company is on a steady growth path, with the edible oil segment expected to grow 2-4% in volume and maintain an earnings before interest, taxes, ...