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Bhagawati GasBOM:500051 -1.92%18 Net Current Asset Value is ₹5.70 as of Mar. 2026, which is 100% below its 10-year median of 0.50. GuruFocus rates BOM:500051 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 91 Utilities - Regulated companies, Bhagawati Gas ranks better than 72.53% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Bhagawati Gas's net current asset value per share for the quarter that ended in Mar. 2026 was ₹5.70.
The historical rank and industry rank for Bhagawati Gas's Net Current Asset Value or its related term are showing as below:
BOM:500051'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.09 Med: 0.5 Max: 2.01
Current: 1.97
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bhagawati Gas was 2.01. The lowest was 0.09. And the median was 0.50.
BOM:500051's Price-to-Net-Current-Asset-Value is ranked better than 72.53% of 91
companies
in the Utilities - Regulated industry
Industry Median: 4.23
vs BOM:500051: 1.97
Bhagawati Gas (BOM:500051) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Bhagawati Gas Net Current Asset Value Related Terms
Bhagawati Gas Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Bhagawati Gas's Net Current Asset Value 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:500051 vs AWK, WTRG, AWR: Net Current Asset Value Comparison
For the Utilities - Regulated Water subindustry, Bhagawati Gas's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Bhagawati Gas Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Bhagawati Gas's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bhagawati Gas's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of ₹5.70 mean?
Bhagawati Gas (BOM:500051) has a Net Current Asset Value of ₹5.70 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Bhagawati Gas and its competitors. This is 1040% above median its historical median of 0.50. Over the past decade, Bhagawati Gas' Net Current Asset Value has ranged from 0.09 to 2.01. According to the industry distribution chart, Bhagawati Gas ranks #25 out of 91 companies in the Utilities - Regulated industry, placing it in the top 27.5%.
Is Bhagawati Gas' Net Current Asset Value too high?
Bhagawati Gas' current Net Current Asset Value of ₹5.70 is 1040% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 2.01. Based on the distribution chart, Bhagawati Gas ranks #25 out of 91 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Bhagawati Gas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Bhagawati Gas' Net Current Asset Value compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Bhagawati Gas ranks #25 out of 91 companies for Net Current Asset Value. This puts Bhagawati Gas in the upper half of its industry. The industry median Net Current Asset Value is 4.23. Historically, Bhagawati Gas' own Net Current Asset Value has ranged from 0.09 to 2.01 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.23, based on 91 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Bhagawati Gas and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bhagawati Gas's current Net Current Asset Value is ₹5.70, which is 1040% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bhagawati Gas stock overvalued right now?
Bhagawati Gas (BOM:500051) has a current Net Current Asset Value of ₹5.70. The current Net Current Asset Value is ₹5.70, which is 1040% above median its 10-year median of 0.50. Bhagawati Gas' overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Bhagawati Gas (BOM:500051), the current Net Current Asset Value is ₹5.70 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.
Bhagawati Gas Ltd is engaged in the production, distribution, and marketing of industrial gases, green technologies, and sustainable solutions. The company has diversified businesses in industrial gases, wastewater treatment, renewable energy, contracting, and international trading fields. The manufacturing activities of the company include the operation of large-tonnage air separation plants for the production ofatmospheric industrial gases, along with the manufacturing of FRP pipes and composite products that cater to criticalsectors such as oil & gas, water supply, and infrastructure. The company derives maximum revenue from water treatment activities.
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