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Elgi EquipmentsBOM:522074 +0.15%98 Net Current Asset Value is ₹37.32 as of Mar. 2026, which is 100% below its 10-year median of 19.83. GuruFocus rates BOM:522074 with a GF Score™ of 98/100 and a GF Value™ of ₹675.52 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,214 Industrial Products companies, Elgi Equipments ranks worse than 82.75% 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).
Elgi Equipments's net current asset value per share for the quarter that ended in Mar. 2026 was ₹37.32.
The historical rank and industry rank for Elgi Equipments's Net Current Asset Value or its related term are showing as below:
BOM:522074'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.53 Med: 19.83 Max: 27.21
Current: 15.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Elgi Equipments was 27.21. The lowest was 12.53. And the median was 19.83.
BOM:522074's Price-to-Net-Current-Asset-Value is ranked worse than 82.75% of 2214
companies
in the Industrial Products industry
Industry Median: 4.92
vs BOM:522074: 15.26
Elgi Equipments (BOM:522074) 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.
Elgi Equipments Net Current Asset Value Related Terms
Elgi Equipments Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Elgi Equipments'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:522074 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Elgi Equipments'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.
Elgi Equipments Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elgi Equipments's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Elgi Equipments'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 ₹37.32 mean?
Elgi Equipments (BOM:522074) has a Net Current Asset Value of ₹37.32 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 Elgi Equipments and its competitors. This is 88% above median its historical median of 19.83. Over the past decade, Elgi Equipments' Net Current Asset Value has ranged from 12.53 to 27.21. According to the industry distribution chart, Elgi Equipments ranks #1832 out of 2214 companies in the Industrial Products industry, placing it in the top 82.7%.
Is Elgi Equipments' Net Current Asset Value too high?
Elgi Equipments' current Net Current Asset Value of ₹37.32 is 88% above median its 10-year median of 19.83. Over the past 10 years, this metric has ranged from a low of 12.53 to a high of 27.21. Based on the distribution chart, Elgi Equipments ranks #1832 out of 2214 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Elgi Equipments has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elgi Equipments' Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elgi Equipments ranks #1832 out of 2214 companies for Net Current Asset Value. This places Elgi Equipments in the lower half of its industry. The industry median Net Current Asset Value is 4.92. Historically, Elgi Equipments' own Net Current Asset Value has ranged from 12.53 to 27.21 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 4.92, based on 2,214 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 Elgi Equipments and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elgi Equipments's current Net Current Asset Value is ₹37.32, which is 88% above median its own 10-year median of 19.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elgi Equipments stock overvalued right now?
Based on GuruFocus' analysis, Elgi Equipments (BOM:522074) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹675.52, compared to a current price of ₹569.55 — trading 15.7% below its estimated fair value. The current Net Current Asset Value is ₹37.32, which is 88% above median its 10-year median of 19.83. Elgi Equipments' 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 Elgi Equipments (BOM:522074), the current Net Current Asset Value is ₹37.32 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 Elgi Equipments (BOM:522074) Overvalued in 2026?
Based on GuruFocus' analysis, Elgi Equipments stock appears to be undervalued.
The current stock price of ₹569.55 is trading 15.7% below its estimated GF Value™ of ₹675.52.
GuruFocus considers Elgi Equipments to be Modestly Undervalued.
Key valuation signals for BOM:522074:
Net Current Asset Value: ₹37.32 (88% above median its 10-year median of 19.83)
GF Value™: ₹675.52 vs. price of ₹569.55 (15.7% below fair value)
No single metric tells the full story. See the BOM:522074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elgi Equipments Ltd manufactures air compressors and compressed air systems. The segment in which the group operates includes Air Compressors and Automotive Equipment. Its products include piston compressors, electric lubricated screw compressors, electric oil-free screw compressors, portable compressors, railway compressors, and air accessories. Geographically, it derives a majority of its revenue from India and also has a presence in the United States of America, Italy, Australia, and other countries. It serves the Textile; Manufacturing; Automotive; Agriculture and Construction industries.
98GF Score
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