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Gujarat Credit (BOM:511441) Net-Net Working Capital : ₹-7.51 (As of Mar. 2024)


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What is Gujarat Credit 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.

Gujarat Credit's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹-7.51.

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

BOM:511441's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.3
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Gujarat Credit Net-Net Working Capital Historical Data

The historical data trend for Gujarat Credit'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.

Gujarat Credit Net-Net Working Capital Chart

Gujarat Credit 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 -7.02 -7.01 -7.01 -7.38 -7.51

Gujarat Credit 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 -7.38 - -7.50 - -7.51

Competitive Comparison of Gujarat Credit's Net-Net Working Capital

For the Real Estate - Development subindustry, Gujarat Credit'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.


Gujarat Credit's Price-to-Net-Net-Working-Capital Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Gujarat Credit's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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



Gujarat Credit Net-Net Working Capital Calculation

Gujarat Credit'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)
=(0.298+0.75 * 0.319+0.5 * 0-188.249
-0-0)/25
=-7.51

Gujarat Credit'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)
=(0.298+0.75 * 0.319+0.5 * 0-188.249
-0-0)/25
=-7.51

* 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.


Gujarat Credit  (BOM:511441) 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.


Gujarat Credit Net-Net Working Capital Related Terms

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Gujarat Credit (BOM:511441) Business Description

Traded in Other Exchanges
N/A
Address
Off S.G. Highway, A-115, Siddhi Vinayak Towers, Behind DCP Office, Makarba, Ahmedabad, GJ, IND, 380051
Gujarat Credit Corp Ltd is engaged in the construction business. It is involved in the real estate development business. It has a portfolio of commercial and residential projects in Gujarat. The company is engaged in developing real estate projects in the corporate segment. Its services include site acquisition, design, and development, construction, marketing, and sales. The company has constructed a range of structures for corporates, including corporate offices. It focuses on asset classes, including Information Technology Parks, Special Economic Zones, and Townships.

Gujarat Credit (BOM:511441) Headlines

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