Poddar Housing and Development (BOM:523628) Current Ratio: 0.93 (As of Mar. 2024)

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BOM:523628 Poddar Housing and Development Ltd BOM:523628
4 GF Score
Price ₹49.21
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What is Poddar Housing and Development Current Ratio?

Poddar Housing and Development BOM:523628 4 Current Ratio is 0.93 as of Mar. 2024. GuruFocus rates BOM:523628 with a GF Score™ of 4/100.

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Poddar Housing and Development's current ratio for the quarter that ended in Mar. 2024 was 0.93.

Poddar Housing and Development has a current ratio of 0.93. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Poddar Housing and Development has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Poddar Housing and Development's Current Ratio or its related term are showing as below:

BOM:523628's Current Ratio is not ranked *
in the Real Estate industry.
Industry Median: 1.68
* Ranked among companies with meaningful Current Ratio only.

Poddar Housing and Development  (BOM:523628) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Poddar Housing and Development Current Ratio Related Terms


Poddar Housing and Development Current Ratio Historical Data

* Premium members only.

The historical data trend for Poddar Housing and Development's Current Ratio 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.

Poddar Housing and Development Current Ratio Chart

Poddar Housing and Development Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.90 3.69 2.76 1.56 0.93

Poddar Housing and Development Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Current Ratio 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 0.00 1.56 1.59 0.00 0.93

Poddar Housing and Development Current Ratio Competitor Comparison

For the Real Estate - Development subindustry, Poddar Housing and Development's Current Ratio, along with its competitors' market caps and Current Ratio 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.


Poddar Housing and Development Current Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Poddar Housing and Development's Current Ratio distribution charts can be found below:

* The bar in red indicates where Poddar Housing and Development's Current Ratio falls into.


BOM:523628
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Poddar Housing and Development Ltd BOM:523628
Current Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Poddar Housing and Development Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Poddar Housing and Development's Current Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Current Ratio (A: Mar. 2024 )=Total Current Assets (A: Mar. 2024 )/Total Current Liabilities (A: Mar. 2024 )
=5287.636/5663.587
=0.93

Poddar Housing and Development's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )=Total Current Assets (Q: Mar. 2024 )/Total Current Liabilities (Q: Mar. 2024 )
=5287.636/5663.587
=0.93

* 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.

Frequently Asked Questions Learn more about Current Ratio →
What does a Current Ratio of 0.93 mean?
Poddar Housing and Development (BOM:523628) has a Current Ratio of 0.93 as of Mar. 2024.
Is Poddar Housing and Development's Current Ratio too high?
Poddar Housing and Development's current Current Ratio is 0.93. The Real Estate industry median Current Ratio is 1.68. Poddar Housing and Development's value of 0.93 is 44.6% below this industry median. Overall, Poddar Housing and Development has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Poddar Housing and Development's Current Ratio compare to competitors?
Poddar Housing and Development's Current Ratio of 0.93 can be compared against companies in the Real Estate industry. The industry median Current Ratio is 1.68. Poddar Housing and Development's value of 0.93 is 44.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Real Estate company?
The median Current Ratio among Real Estate companies is 1.68, based on 1,794 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Poddar Housing and Development's current Current Ratio of 0.93 is 44.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Real Estate industry, the median Current Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Poddar Housing and Development's current Current Ratio is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Poddar Housing and Development stock overvalued right now?
Poddar Housing and Development (BOM:523628) has a current Current Ratio of 0.93. The current Current Ratio is 0.93 and 44.6% below the Real Estate industry median of 1.68. Poddar Housing and Development's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Poddar Housing and Development (BOM:523628), the current Current Ratio is 0.93 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Poddar Housing and Development Business Description

Address 126, N.M. Joshi Marg, Poddar Group Building, Unit Number 3 and 5, Neeru Silk Mills, Mathuradas Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013
Poddar Housing and Development Ltd is engaged in the real estate business. It is involved in the construction, development and sale of the real estate segment. The company operates under various brands that are Poddar Svakam, Poddar Anantah, and Poddar Spraha. The sale of properties generate maximum revenue for the company. Its project consists of Samruddhi Evergreens, Samruddhi Complex, Poddar Svakam Vihar, and others. The company operates in the Indian region.
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Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹49.21
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