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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ion Exchange (India)BOM:500214 -1.13%77 Net Current Asset Value is ₹25.69 as of Mar. 2026, which is 100% below its 10-year median of 10.03. GuruFocus rates BOM:500214 with a GF Score™ of 77/100 and a GF Value™ of ₹618.51 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,222 Industrial Products companies, Ion Exchange (India) ranks worse than 79.84% 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).
Ion Exchange (India)'s net current asset value per share for the quarter that ended in Mar. 2026 was ₹25.69.
The historical rank and industry rank for Ion Exchange (India)'s Net Current Asset Value or its related term are showing as below:
BOM:500214'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.36 Med: 10.03 Max: 17.46
Current: 14.65
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ion Exchange (India) was 17.46. The lowest was 5.36. And the median was 10.03.
BOM:500214's Price-to-Net-Current-Asset-Value is ranked worse than 79.84% of 2222
companies
in the Industrial Products industry
Industry Median: 5.265
vs BOM:500214: 14.65
Ion Exchange (India) (BOM:500214) 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.
Ion Exchange (India) Net Current Asset Value Related Terms
Ion Exchange (India) Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Ion Exchange (India)'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.
Ion Exchange (India) Net Current Asset Value Chart
BOM:500214 vs VLTO, ZWS, CECO: Net Current Asset Value Comparison
For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.
Ion Exchange (India) Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ion Exchange (India)'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 ₹25.69 mean?
Ion Exchange (India) (BOM:500214) has a Net Current Asset Value of ₹25.69 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 Ion Exchange (India) and its competitors. This is 156% above median its historical median of 10.03. Over the past decade, Ion Exchange (India)'s Net Current Asset Value has ranged from 5.36 to 17.46. According to the industry distribution chart, Ion Exchange (India) ranks #1774 out of 2222 companies in the Industrial Products industry, placing it in the top 79.8%.
Is Ion Exchange (India)'s Net Current Asset Value too high?
Ion Exchange (India)'s current Net Current Asset Value of ₹25.69 is 156% above median its 10-year median of 10.03. Over the past 10 years, this metric has ranged from a low of 5.36 to a high of 17.46. Based on the distribution chart, Ion Exchange (India) ranks #1774 out of 2222 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ion Exchange (India) has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ion Exchange (India)'s Net Current Asset Value compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Ion Exchange (India) ranks #1774 out of 2222 companies for Net Current Asset Value. This places Ion Exchange (India) in the lower half of its industry. The industry median Net Current Asset Value is 5.27. Historically, Ion Exchange (India)'s own Net Current Asset Value has ranged from 5.36 to 17.46 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.27, based on 2,222 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 Ion Exchange (India) and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Exchange (India)'s current Net Current Asset Value is ₹25.69, which is 156% above median its own 10-year median of 10.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Exchange (India) stock overvalued right now?
Based on GuruFocus' analysis, Ion Exchange (India) (BOM:500214) is currently considered Possible Value Trap. The stock's GF Value™ is ₹618.51, compared to a current price of ₹377.05 — trading 39% below its estimated fair value. The current Net Current Asset Value is ₹25.69, which is 156% above median its 10-year median of 10.03. Ion Exchange (India)'s overall GF Score™ is 77/100 with 8 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 Ion Exchange (India) (BOM:500214), the current Net Current Asset Value is ₹25.69 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 Ion Exchange (India) (BOM:500214) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Exchange (India) stock appears to be undervalued.
The current stock price of ₹377.05 is trading 39% below its estimated GF Value™ of ₹618.51.
GuruFocus considers Ion Exchange (India) to be Possible Value Trap.
Key valuation signals for BOM:500214:
Net Current Asset Value: ₹25.69 (156% above median its 10-year median of 10.03)
GF Value™: ₹618.51 vs. price of ₹377.05 (39% below fair value)
No single metric tells the full story. See the BOM:500214 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications. It operates its business through the Engineering segment, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. It caters to both domestic and international markets.
77GF Score
Get the complete analysis for BOM:500214
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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