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Gandhar Oil Refinery (India) (BOM:544029) Net-Net Working Capital : ₹22.53 (As of Mar. 2024)


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What is Gandhar Oil Refinery (India) 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.

Gandhar Oil Refinery (India)'s Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹22.53.

The industry rank for Gandhar Oil Refinery (India)'s Net-Net Working Capital or its related term are showing as below:

BOM:544029's Price-to-Net-Net-Working-Capital is ranked worse than
61.9% of 189 companies
in the Oil & Gas industry
Industry Median: 5.33 vs BOM:544029: 8.51

Gandhar Oil Refinery (India) Net-Net Working Capital Historical Data

The historical data trend for Gandhar Oil Refinery (India)'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.

Gandhar Oil Refinery (India) Net-Net Working Capital Chart

Gandhar Oil Refinery (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
-29.56 -22.80 -19.87 22.53

Gandhar Oil Refinery (India) Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial - -19.87 -22.04 - 22.53

Competitive Comparison of Gandhar Oil Refinery (India)'s Net-Net Working Capital

For the Oil & Gas Refining & Marketing subindustry, Gandhar Oil Refinery (India)'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.


Gandhar Oil Refinery (India)'s Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gandhar Oil Refinery (India)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Gandhar Oil Refinery (India)'s Price-to-Net-Net-Working-Capital falls into.



Gandhar Oil Refinery (India) Net-Net Working Capital Calculation

Gandhar Oil Refinery (India)'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)
=(2969.65+0.75 * 6232.58+0.5 * 4477.47-7163.86
-0-513.97)/97.8698
=22.53

Gandhar Oil Refinery (India)'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)
=(2969.65+0.75 * 6232.58+0.5 * 4477.47-7163.86
-0-513.97)/97.8698
=22.53

* 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.


Gandhar Oil Refinery (India)  (BOM:544029) 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.


Gandhar Oil Refinery (India) Net-Net Working Capital Related Terms

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Gandhar Oil Refinery (India) (BOM:544029) Business Description

Comparable Companies
Traded in Other Exchanges
Address
S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400 062
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The Company is engaged in three segments namely, manufacturing and trading of petroleum products/specialty oils, trading of non-coking coal, and providing consignment, del-credere agency services for sale of polymers to local markets.

Gandhar Oil Refinery (India) (BOM:544029) Headlines

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