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New Light IndustriesBOM:540243 -1.57%38 Current Ratio is 24.40 as of Mar. 2026, which is 1571% above its 10-year median of 1.46. GuruFocus rates BOM:540243 with a GF Score™ of 38/100 and a GF Value™ of ₹0.58 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, New Light Industries ranks better than 97.84% on this metric.
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. New Light Industries's current ratio for the quarter that ended in Mar. 2026 was 24.40.
New Light Industries has a current ratio of 24.40. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for New Light Industries's Current Ratio or its related term are showing as below:
BOM:540243'
s Current Ratio Range Over the Past 10 Years
Min: 1.19 Med: 1.46 Max: 24.45
Current: 24.4
During the past 13 years, New Light Industries's highest Current Ratio was 24.45. The lowest was 1.19. And the median was 1.46.
BOM:540243's Current Ratio is ranked better than 97.84% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.805
vs BOM:540243: 24.40
New Light Industries (BOM:540243) 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.
New Light Industries Current Ratio Related Terms
New Light Industries Current Ratio Historical Data
* Premium members only.
The historical data trend for New Light Industries'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.
BOM:540243 vs RL, LEVI, VFC: Current Ratio Comparison
For the Apparel Manufacturing subindustry, New Light Industries'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.
New Light Industries Current Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, New Light Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where New Light Industries's Current Ratio falls into.
* 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.
New Light Industries (BOM:540243) has a Current Ratio of 24.40 as of Mar. 2026. This is 1571% above median its historical median of 1.46. Over the past decade, New Light Industries' Current Ratio has ranged from 1.19 to 24.45. According to the industry distribution chart, New Light Industries ranks #23 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2.2%.
Is New Light Industries' Current Ratio too high?
New Light Industries' current Current Ratio of 24.40 is 1571% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 24.45. The Manufacturing - Apparel & Accessories industry median Current Ratio is 1.81. New Light Industries' value of 24.40 is 1251.8% above this industry median. Based on the distribution chart, New Light Industries ranks #23 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, New Light Industries has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Light Industries' Current Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, New Light Industries ranks #23 out of 1066 companies for Current Ratio. This places New Light Industries in the top 2% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.81. New Light Industries' value of 24.40 is 1251.8% above this benchmark. Historically, New Light Industries' own Current Ratio has ranged from 1.19 to 24.45 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 1.81, New Light Industries has consistently been above the industry average. 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 Manufacturing - Apparel & Accessories company?
The median Current Ratio among Manufacturing - Apparel & Accessories companies is 1.81, based on 1,066 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. New Light Industries's current Current Ratio of 24.40 is 1251.8% above 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 Manufacturing - Apparel & Accessories industry, the median Current Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Light Industries's current Current Ratio is 24.40, which is 1571% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Light Industries stock overvalued right now?
Based on GuruFocus' analysis, New Light Industries (BOM:540243) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.58, compared to a current price of ₹1.25 — trading 115.5% above its estimated fair value. The current Current Ratio is 24.40, which is 1571% above median its 10-year median of 1.46 and 1251.8% above the Manufacturing - Apparel & Accessories industry median of 1.81. New Light Industries' overall GF Score™ is 38/100 with 5 warning signs to review. 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 New Light Industries (BOM:540243), the current Current Ratio is 24.40 as of Mar. 2026. 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.
Is New Light Industries (BOM:540243) Overvalued in 2026?
Based on GuruFocus' analysis, New Light Industries stock appears to be overvalued.
The current stock price of ₹1.25 is trading 115.5% above its estimated GF Value™ of ₹0.58.
GuruFocus considers New Light Industries to be Significantly Overvalued.
Key valuation signals for BOM:540243:
Current Ratio: 24.40 (1571% above median its 10-year median of 1.46)
GF Value™: ₹0.58 vs. price of ₹1.25 (115.5% above fair value)
Industry Position: 1251.8% above the Manufacturing - Apparel & Accessories median (#23 of 1066)
No single metric tells the full story. See the BOM:540243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Light Industries Ltd deals in school uniforms, Center and State government education programs and their sponsorship programs, The Company also deals in Corporate and private dress materials and other textile materials. The majority of revenue is generated from the sale of trading goods.
38GF Score
Get the complete analysis for BOM:540243
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