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HMA Agro Industries (NSE:HMAAGRO) Net-Net Working Capital : ₹-2.22 (As of Mar. 2024)


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What is HMA Agro Industries Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

HMA Agro Industries's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹-2.22.

The industry rank for HMA Agro Industries's Net-Net Working Capital or its related term are showing as below:

NSE:HMAAGRO's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.265
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

HMA Agro Industries Net-Net Working Capital Historical Data

The historical data trend for HMA Agro Industries's Net-Net Working Capital can be seen below:

* 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.

* Premium members only.

HMA Agro Industries Net-Net Working Capital Chart

HMA Agro Industries Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial -1.62 -1.61 -3.54 - -2.22

HMA Agro Industries Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only -3.54 - - -1.25 -2.22

Competitive Comparison of HMA Agro Industries's Net-Net Working Capital

For the Packaged Foods subindustry, HMA Agro Industries's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


HMA Agro Industries's Price-to-Net-Net-Working-Capital Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HMA Agro Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where HMA Agro Industries's Price-to-Net-Net-Working-Capital falls into.



HMA Agro Industries Net-Net Working Capital Calculation

HMA Agro Industries's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1297.24+0.75 * 4818.71+0.5 * 2402.79-7020.32
-0-202.63)/500.77
=-2.22

HMA Agro Industries's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1297.24+0.75 * 4818.71+0.5 * 2402.79-7020.32
-0-202.63)/500.77
=-2.22

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

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.

This is a conservative way of estimating the company's value.


HMA Agro Industries  (NSE:HMAAGRO) Net-Net Working Capital Explanation

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 Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


HMA Agro Industries Net-Net Working Capital Related Terms

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HMA Agro Industries (NSE:HMAAGRO) Business Description

Traded in Other Exchanges
Address
Fatehabad Road, 18-A/5/3 Tajview Crossing, Agra, UP, IND, 282001
HMA Agro Industries Ltd is engaged in the business of manufacturing and exporting Buffalo Frozen Meat and Meat Products. Its core products are frozen fresh deglanded Buffalo Meat.

HMA Agro Industries (NSE:HMAAGRO) Headlines

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