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Pidilite IndustriesBOM:500331 -0.56%98 Net Current Asset Value is ₹38.63 as of Mar. 2026, which is 100% below its 10-year median of 43.12. GuruFocus rates BOM:500331 with a GF Score™ of 98/100 and a GF Value™ of ₹1,722.71 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 945 Chemicals companies, Pidilite Industries ranks worse than 92.17% 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).
Pidilite Industries's net current asset value per share for the quarter that ended in Mar. 2026 was ₹38.63.
The historical rank and industry rank for Pidilite Industries's Net Current Asset Value or its related term are showing as below:
BOM:500331'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 19.58 Med: 43.12 Max: 331.39
Current: 40.37
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Pidilite Industries was 331.39. The lowest was 19.58. And the median was 43.12.
BOM:500331's Price-to-Net-Current-Asset-Value is ranked worse than 92.17% of 945
companies
in the Chemicals industry
Industry Median: 5.08
vs BOM:500331: 40.37
Pidilite Industries (BOM:500331) 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.
Pidilite Industries Net Current Asset Value Related Terms
Pidilite Industries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Pidilite Industries'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:500331 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Pidilite Industries'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.
Pidilite Industries Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Pidilite Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Pidilite Industries'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 ₹38.63 mean?
Pidilite Industries (BOM:500331) has a Net Current Asset Value of ₹38.63 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 Pidilite Industries and its competitors. This is 10% below median its historical median of 43.12. Over the past decade, Pidilite Industries' Net Current Asset Value has ranged from 19.58 to 331.39. According to the industry distribution chart, Pidilite Industries ranks #871 out of 945 companies in the Chemicals industry, placing it in the top 92.2%.
Is Pidilite Industries' Net Current Asset Value too high?
Pidilite Industries' current Net Current Asset Value of ₹38.63 is 10% below median its 10-year median of 43.12. Over the past 10 years, this metric has ranged from a low of 19.58 to a high of 331.39. Based on the distribution chart, Pidilite Industries ranks #871 out of 945 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Pidilite Industries has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pidilite Industries' Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Pidilite Industries ranks #871 out of 945 companies for Net Current Asset Value. This places Pidilite Industries in the lower half of its industry. The industry median Net Current Asset Value is 5.08. Historically, Pidilite Industries' own Net Current Asset Value has ranged from 19.58 to 331.39 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 a Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.08, based on 945 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 Pidilite Industries and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pidilite Industries's current Net Current Asset Value is ₹38.63, which is 10% below median its own 10-year median of 43.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pidilite Industries stock overvalued right now?
Based on GuruFocus' analysis, Pidilite Industries (BOM:500331) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,722.71, compared to a current price of ₹1,559.75 — trading 9.5% below its estimated fair value. The current Net Current Asset Value is ₹38.63, which is 10% below median its 10-year median of 43.12. Pidilite Industries' overall GF Score™ is 98/100 with 2 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 Pidilite Industries (BOM:500331), the current Net Current Asset Value is ₹38.63 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 Pidilite Industries (BOM:500331) Overvalued in 2026?
Based on GuruFocus' analysis, Pidilite Industries stock appears to be undervalued.
The current stock price of ₹1,559.75 is trading 9.5% below its estimated GF Value™ of ₹1,722.71.
GuruFocus considers Pidilite Industries to be Modestly Undervalued.
Key valuation signals for BOM:500331:
Net Current Asset Value: ₹38.63 (10% below median its 10-year median of 43.12)
GF Value™: ₹1,722.71 vs. price of ₹1,559.75 (9.5% below fair value)
No single metric tells the full story. See the BOM:500331 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The Branded Consumer & Bazaar segment, which generates the majority of revenue, sells adhesives and sealants, construction and paint chemicals, art and craft materials, and others. These products are widely used by carpenters, painters, plumbers, mechanics, households, students, offices, etc. The Business to Business segment sells industrial products such as industrial adhesives, resins, and organic pigments and preparations, etc., and caters to various industries like packaging, joineries, textiles, paints, printing inks, paper, leather, etc. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of its revenue comes from India.
98GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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