What is Ashirwad Steels & Industries Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Ashirwad Steels & Industries's net current asset value per share for the quarter that ended in Mar. 2024 was ₹9.63.
The historical rank and industry rank for Ashirwad Steels & Industries's Net Current Asset Value or its related term are showing as below:
BOM:526847'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.17 Med: 0.78 Max: 5.63
Current: 5.63
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ashirwad Steels & Industries was 5.63. The lowest was 0.17. And the median was 0.78.
BOM:526847's Price-to-Net-Current-Asset-Value is ranked worse than 63.66% of 366
companies
in the Steel industry
Industry Median: 2.97
vs BOM:526847: 5.63
Ashirwad Steels & Industries Net Current Asset Value Historical Data
* 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.
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Ashirwad Steels & Industries Net Current Asset Value Chart
Competitive Comparison of Ashirwad Steels & Industries's Net Current Asset Value
For the Steel subindustry, Ashirwad Steels & Industries's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Ashirwad Steels & Industries's Price-to-Net-Current-Asset-Value Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ashirwad Steels & Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ashirwad Steels & Industries's Price-to-Net-Current-Asset-Value falls into.
Ashirwad Steels & Industries Net Current Asset Value Calculation
Ashirwad Steels & Industries's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Ashirwad Steels & Industries (BOM:526847) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Ashirwad Steels & Industries Net Current Asset Value Related Terms
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Ashirwad Steels & Industries (BOM:526847) Business Description
Ashirwad Steels & Industries Ltd is an Indian based company that operates in the sponge iron business. It is involved in the manufacturing of sponge iron using iron-ore and coal as the raw materials. The sponge iron is used as input by the steel melting shops to produce ingots and billets which are thereafter re-rolled by the rolling mills to produce end steel products like Rods, Bars, Plain Rounds, Angles, Flats, Channels, Girders and others. Geographically, the business activity is carried out through the region of India and derives revenue through the sale of products.
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