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Rajasthan Tube Manufacturing CoBOM:530253 -0.59%33 Net Current Asset Value is ₹1.42 as of Mar. 2026, which is 100% below its 10-year median of 3.01. GuruFocus rates BOM:530253 with a GF Score™ of 33/100 and a GF Value™ of ₹0.67 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 368 Steel companies, Rajasthan Tube Manufacturing Co ranks worse than 75.82% 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).
The historical rank and industry rank for Rajasthan Tube Manufacturing Co's Net Current Asset Value or its related term are showing as below:
BOM:530253'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.5 Med: 3.01 Max: 19.44
Current: 7.14
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rajasthan Tube Manufacturing Co was 19.44. The lowest was 1.50. And the median was 3.01.
BOM:530253's Price-to-Net-Current-Asset-Value is ranked worse than 75.82% of 368
companies
in the Steel industry
Industry Median: 3.015
vs BOM:530253: 7.14
Rajasthan Tube Manufacturing Co (BOM:530253) 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.
Rajasthan Tube Manufacturing Co Net Current Asset Value Related Terms
Rajasthan Tube Manufacturing Co 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.
Rajasthan Tube Manufacturing Co Net Current Asset Value Chart
BOM:530253 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Rajasthan Tube Manufacturing Co'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.
Rajasthan Tube Manufacturing Co Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Rajasthan Tube Manufacturing Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rajasthan Tube Manufacturing Co'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 ₹1.42 mean?
Rajasthan Tube Manufacturing Co (BOM:530253) has a Net Current Asset Value of ₹1.42 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 Rajasthan Tube Manufacturing Co and its competitors. This is 53% below median its historical median of 3.01. Over the past decade, Rajasthan Tube Manufacturing Co's Net Current Asset Value has ranged from 1.50 to 19.44. According to the industry distribution chart, Rajasthan Tube Manufacturing Co ranks #279 out of 368 companies in the Steel industry, placing it in the top 75.8%.
Is Rajasthan Tube Manufacturing Co's Net Current Asset Value too high?
Rajasthan Tube Manufacturing Co's current Net Current Asset Value of ₹1.42 is 53% below median its 10-year median of 3.01. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 19.44. Based on the distribution chart, Rajasthan Tube Manufacturing Co ranks #279 out of 368 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Rajasthan Tube Manufacturing Co has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rajasthan Tube Manufacturing Co's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Rajasthan Tube Manufacturing Co ranks #279 out of 368 companies for Net Current Asset Value. This places Rajasthan Tube Manufacturing Co in the lower half of its industry. The industry median Net Current Asset Value is 3.02. Historically, Rajasthan Tube Manufacturing Co's own Net Current Asset Value has ranged from 1.50 to 19.44 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 Steel company?
The median Net Current Asset Value among Steel companies is 3.02, based on 368 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 Rajasthan Tube Manufacturing Co and its competitors. For the Steel industry, the median Net Current Asset Value is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajasthan Tube Manufacturing Co's current Net Current Asset Value is ₹1.42, which is 53% below median its own 10-year median of 3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajasthan Tube Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Rajasthan Tube Manufacturing Co (BOM:530253) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.67, compared to a current price of ₹10.14 — trading 1413.4% above its estimated fair value. The current Net Current Asset Value is ₹1.42, which is 53% below median its 10-year median of 3.01. Rajasthan Tube Manufacturing Co's overall GF Score™ is 33/100 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 Rajasthan Tube Manufacturing Co (BOM:530253), the current Net Current Asset Value is ₹1.42 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 Rajasthan Tube Manufacturing Co (BOM:530253) Overvalued in 2026?
Based on GuruFocus' analysis, Rajasthan Tube Manufacturing Co stock appears to be overvalued.
The current stock price of ₹10.14 is trading 1413.4% above its estimated GF Value™ of ₹0.67.
GuruFocus considers Rajasthan Tube Manufacturing Co to be Significantly Overvalued.
Key valuation signals for BOM:530253:
Net Current Asset Value: ₹1.42 (53% below median its 10-year median of 3.01)
GF Value™: ₹0.67 vs. price of ₹10.14 (1413.4% above fair value)
No single metric tells the full story. See the BOM:530253 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rajasthan Tube Manufacturing Co Ltd manufactures and trades in steel tubes, pipes, and sheets in India. It offers Electric Resistance Welding (ERW) steel black pipes, ERW steel galvanized pipes, and hot rolled steel sheets. Its steel black and galvanized steel pipes/tubes are used in various applications, such as water pipelines, water mains, sewerage systems, industrial water lines, crude oil piping, and cross-country pipelines. Its hot rolled steel sheets are used in making tubular products, including hot rolled coils, pipes, LPG cylinders, shuttering plates, and off late in the construction sector; as component in the making of pressure vessels, in buildings, and hull and steel structures, as well as in boiler usage; and making critical safety parts and automobile suspension.
33GF 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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