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Thaai Casting (NSE:TCL) Net Cash per Share : ₹-44.64 (As of Sep. 2024)


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What is Thaai Casting Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Thaai Casting's Net Cash per Share for the quarter that ended in Sep. 2024 was ₹-44.64.

The historical rank and industry rank for Thaai Casting's Net Cash per Share or its related term are showing as below:

NSE:TCL's Price-to-Net-Cash is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.215
* Ranked among companies with meaningful Price-to-Net-Cash only.

Thaai Casting Net Cash per Share Historical Data

The historical data trend for Thaai Casting's Net Cash per Share 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.

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Thaai Casting Net Cash per Share Chart

Thaai Casting Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Net Cash per Share
-8.24 -12.32 -16.72 -22.25

Thaai Casting Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24
Net Cash per Share -8.24 -12.32 -16.72 -22.25 -44.64

Competitive Comparison of Thaai Casting's Net Cash per Share

For the Auto Parts subindustry, Thaai Casting's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.


Thaai Casting's Price-to-Net-Cash Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thaai Casting's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Thaai Casting's Price-to-Net-Cash falls into.


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Thaai Casting Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Thaai Casting's Net Cash per Share for the fiscal year that ended in Mar. 2024 is calculated as

Net Cash per Share (A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(115.236-629.927-0)/23.130
=-22.25

Thaai Casting's Net Cash per Share for the quarter that ended in Sep. 2024 is calculated as

Net Cash per Share (Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(6.369-1062.881-58.204)/24.970
=-44.64

* 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.


Thaai Casting  (NSE:TCL) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Thaai Casting Net Cash per Share Related Terms

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Thaai Casting Business Description

Traded in Other Exchanges
N/A
Address
7th Cross Street, No. A-20 SIPCOT Industrial Park, Pillaipakkam, Tiruvallur, Sriperumbudur, TN, IND, 602105
Thaai Casting Ltd is a distinguished automotive ancillary company, specializing in high-pressure Die Casting, as well as the precision Machining of both Ferrous and Non-Ferrous materials and Induction heating and quenching. Its products portfolio encompasses a diverse range of Automobile components, including Engine Mounting Support Brackets, Transmission Mounts, Fork Shift and Housing, Armature Steering Wheel, Electrical Connectors, YFG Base Frame (Right-hand drive side/Left-hand drive side), Housing, Top Cover, and more.

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