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Ishan International (NSE:ISHAN) Net Current Asset Value : ₹1.03 (As of Sep. 2023)


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What is Ishan International 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).

Ishan International's net current asset value per share for the quarter that ended in Sep. 2023 was ₹1.03.

The historical rank and industry rank for Ishan International's Net Current Asset Value or its related term are showing as below:

NSE:ISHAN' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.74   Med: 1.12   Max: 3.01
Current: 2.14

During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ishan International was 3.01. The lowest was 0.74. And the median was 1.12.

NSE:ISHAN's Price-to-Net-Current-Asset-Value is ranked better than
74.81% of 135 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 4.21 vs NSE:ISHAN: 2.14

Ishan International Net Current Asset Value Historical Data

The historical data trend for Ishan International's Net Current Asset Value 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.

Ishan International Net Current Asset Value Chart

Ishan International Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Net Current Asset Value
0.06 0.04 0.14 0.81

Ishan International Semi-Annual Data
Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Net Current Asset Value Get a 7-Day Free Trial - 0.14 0.80 0.81 1.03

Competitive Comparison of Ishan International's Net Current Asset Value

For the Farm & Heavy Construction Machinery subindustry, Ishan International'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.


Ishan International's Price-to-Net-Current-Asset-Value Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ishan International's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Ishan International's Price-to-Net-Current-Asset-Value falls into.



Ishan International Net Current Asset Value Calculation

Ishan International's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net Current Asset Value Per Share(A: Mar. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(288.697-113.237-0-0)/216.235
=0.81

Ishan International's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2023 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(299.701-99.931-0-0)/194.238
=1.03

* 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.


Ishan International  (NSE:ISHAN) 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 Graham’s 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.


Ishan International Net Current Asset Value Related Terms

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Ishan International (NSE:ISHAN) Business Description

Traded in Other Exchanges
N/A
Address
1616, WTT Building, 16th Floor, Sector 16, Noida, UP, IND, 201301
Ishan International Ltd is a heavy engineering company. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants and pollution control systems. The company also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, and Pollution Control Systems.

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