Chapter 2: IPO & Markets
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Day 16: Face Value, Book Value, Market Value
Ek share ki teen alag-alag keemat!
2 min read
📖 Suresh Ko Confusion!
Suresh ek website pe Ramesh Tea ka data dekh raha tha:
"Face Value: ₹10, Book Value: ₹85, Market Price: ₹178"
Suresh: "Teen alag price kyun hai ek hi share ki? Main pagal ho raha hoon!" 🤯
Chinta mat karo Suresh ji — teen numbers, teen alag concepts. Samjhao!
Suresh ek website pe Ramesh Tea ka data dekh raha tha:
"Face Value: ₹10, Book Value: ₹85, Market Price: ₹178"
Suresh: "Teen alag price kyun hai ek hi share ki? Main pagal ho raha hoon!" 🤯
Chinta mat karo Suresh ji — teen numbers, teen alag concepts. Samjhao!
Face Value — Original Sticker Price
Face Value = Company ke books mein har share ki original/nominal value
Jab Ramesh Tea IPO laaya, usne decide kiya: "Meri company ke 1 crore shares honge, har share ka face value ₹10."
Face value usually ₹1, ₹2, ₹5, ya ₹10 hoti hai.
Isse "Par Value" bhi bolte hain.
Market price se koi relation nahi usually.
Jab Ramesh Tea IPO laaya, usne decide kiya: "Meri company ke 1 crore shares honge, har share ka face value ₹10."
Face value usually ₹1, ₹2, ₹5, ya ₹10 hoti hai.
Isse "Par Value" bhi bolte hain.
Market price se koi relation nahi usually.
Book Value — Company Ki Real Net Worth Per Share
Book Value Per Share = (Total Assets - Total Liabilities) / Total Shares
Ya simpler: = Total Shareholders' Equity / Total Shares
Ramesh Tea:
Assets: ₹120 crore | Liabilities: ₹35 crore | Shares: 1 crore
Book Value = (120-35)/1 = ₹85 per share
Ya simpler: = Total Shareholders' Equity / Total Shares
Ramesh Tea:
Assets: ₹120 crore | Liabilities: ₹35 crore | Shares: 1 crore
Book Value = (120-35)/1 = ₹85 per share
Book value batata hai — agar aaj company band ho jaaye aur sab assets becho liabilities chukao, toh har shareholder ko kitna milega.
Market Value — Jo Market Decide Kare
Market Value = Current Price on Stock Exchange
Yeh supply-demand se decide hota hai — company ke future ki expectations, growth, brand, management quality sab consider hota hai. Market "forward-looking" hai.
₹178 market pe = log expect karte hain Ramesh Tea grow karega, isliye ₹85 book value se zyada de rahe hain!
Yeh supply-demand se decide hota hai — company ke future ki expectations, growth, brand, management quality sab consider hota hai. Market "forward-looking" hai.
₹178 market pe = log expect karte hain Ramesh Tea grow karega, isliye ₹85 book value se zyada de rahe hain!
Price-to-Book Ratio
P/B Ratio = Market Price / Book Value
Ramesh Tea: ₹178 / ₹85 = 2.09x
Matlab: Market company ke assets ke 2x value laga raha hai. Future growth ki expectation!
P/B < 1 = Share book value se sasta trade ho raha hai (undervalued signal!)
Ramesh Tea: ₹178 / ₹85 = 2.09x
Matlab: Market company ke assets ke 2x value laga raha hai. Future growth ki expectation!
P/B < 1 = Share book value se sasta trade ho raha hai (undervalued signal!)
| Value Type | Kya Hai? | Kahan Use? |
|---|---|---|
| Face Value | Nominal/original price | Dividend calculation, accounting |
| Book Value | Net assets per share | Valuation analysis |
| Market Value | Current trading price | Actual buying/selling |
🎯 Takeaway:
Teen alag values — teen alag purposes. Face value = original stamp. Book value = actual assets per share. Market value = current demand-supply price. Investor ko market value aur book value ka comparison (P/B ratio) important hota hai!
Teen alag values — teen alag purposes. Face value = original stamp. Book value = actual assets per share. Market value = current demand-supply price. Investor ko market value aur book value ka comparison (P/B ratio) important hota hai!