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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).
The historical rank and industry rank for Indbank Merchant Banking Services's Net Current Asset Value or its related term are showing as below:
BOM:511473'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.86 Med: 2.23 Max: 4.45
Current: 1.82
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Indbank Merchant Banking Services was 4.45. The lowest was 0.86. And the median was 2.23.
BOM:511473's Price-to-Net-Current-Asset-Value is ranked better than 63.47% of 501
companies
in the Capital Markets industry
Industry Median: 2.7
vs BOM:511473: 1.82
Indbank Merchant Banking Services (BOM:511473) 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.
Indbank Merchant Banking Services Net Current Asset Value Related Terms
Indbank Merchant Banking Services Net Current Asset Value Historical Data
* 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.
Indbank Merchant Banking Services Net Current Asset Value Chart
BOM:511473 vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, Indbank Merchant Banking Services'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.
Indbank Merchant Banking Services Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Indbank Merchant Banking Services's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Indbank Merchant Banking Services'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 ₹0.00 mean?
Indbank Merchant Banking Services (BOM:511473) has a Net Current Asset Value of ₹0.00 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Indbank Merchant Banking Services and its competitors. Over the past decade, Indbank Merchant Banking Services' Net Current Asset Value has ranged from 0.86 to 4.45. According to the industry distribution chart, Indbank Merchant Banking Services ranks #183 out of 501 companies in the Capital Markets industry, placing it in the top 36.5%.
Is Indbank Merchant Banking Services' Net Current Asset Value too high?
Indbank Merchant Banking Services' current Net Current Asset Value is ₹0.00. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 4.45. Based on the distribution chart, Indbank Merchant Banking Services ranks #183 out of 501 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Indbank Merchant Banking Services has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indbank Merchant Banking Services' Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, Indbank Merchant Banking Services ranks #183 out of 501 companies for Net Current Asset Value. This puts Indbank Merchant Banking Services in the upper half of its industry. The industry median Net Current Asset Value is 2.70. Historically, Indbank Merchant Banking Services' own Net Current Asset Value has ranged from 0.86 to 4.45 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.70, based on 501 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 Indbank Merchant Banking Services and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indbank Merchant Banking Services's current Net Current Asset Value is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indbank Merchant Banking Services stock overvalued right now?
Based on GuruFocus' analysis, Indbank Merchant Banking Services (BOM:511473) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹41.40, compared to a current price of ₹32.90 — trading 20.5% below its estimated fair value. The current Net Current Asset Value is ₹0.00. Indbank Merchant Banking Services' overall GF Score™ is 79/100 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 Indbank Merchant Banking Services (BOM:511473), the current Net Current Asset Value is ₹0.00 as of Jun. 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 Indbank Merchant Banking Services (BOM:511473) Overvalued in 2026?
Based on GuruFocus' analysis, Indbank Merchant Banking Services stock appears to be undervalued.
The current stock price of ₹32.90 is trading 20.5% below its estimated GF Value™ of ₹41.40.
GuruFocus considers Indbank Merchant Banking Services to be Modestly Undervalued.
Key valuation signals for BOM:511473:
Net Current Asset Value: ₹0.00
GF Value™: ₹41.40 vs. price of ₹32.90 (20.5% below fair value)
No single metric tells the full story. See the BOM:511473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indbank Merchant Banking Services Business Description
Indbank Merchant Banking Services Ltd is an India based company engaged in merchant banking activities. It is involved in providing fee-based services which include operations like merchant banking, stock broking, depository participant services, distribution of financial products and allied activities. The company carries its operations in India and generates the majority of the revenue from the stock broking membership operations.
79GF Score
Get the complete analysis for BOM:511473
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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