GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IFCI Ltd (BOM:500106) » Definitions » Net-Net Working Capital

IFCI (BOM:500106) Net-Net Working Capital : ₹-37.50 (As of Mar. 2024)


View and export this data going back to 1995. Start your Free Trial

What is IFCI 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.

IFCI's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹-37.50.

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

BOM:500106's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 8.03
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

IFCI Net-Net Working Capital Historical Data

The historical data trend for IFCI'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.

IFCI Net-Net Working Capital Chart

IFCI Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -84.52 -73.21 -48.21 -42.33 -37.50

IFCI Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -42.33 - -39.78 - -37.50

Competitive Comparison of IFCI's Net-Net Working Capital

For the Credit Services subindustry, IFCI'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.


IFCI's Price-to-Net-Net-Working-Capital Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, IFCI's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



IFCI Net-Net Working Capital Calculation

IFCI'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(50463.8+0+0.75 * 0+0.5 * 0-112382.6
-0-31450.7)/2489.61
=-37.50

IFCI'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 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(50463.8+0+0.75 * 0+0.5 * 0-112382.6
-0-31450.7)/2489.61
=-37.50

* 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.


IFCI  (BOM:500106) 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.


IFCI Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of IFCI's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


IFCI (BOM:500106) Business Description

Traded in Other Exchanges
Address
IFCI Towers, 61 Nehru Place, New Delhi, IND, 110 019
IFCI Ltd is a financial services company, which provides funding for industrial companies in India. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries. Lending operations comprise the vast majority of the company's business, and majority of the company's revenue consists of interest income on loans IFCI makes. The Company has played a decisive role in setting up various reputed market intermediaries like stock exchanges, entrepreneurship development organizations, consultancy organizations, educational and skill development institutions across the country.

IFCI (BOM:500106) Headlines

No Headlines