Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
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 Refex Renewables & Infrastructure's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Refex Renewables & Infrastructure was 277.50. The lowest was 0.56. And the median was 0.59.
BOM:531260's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 7.98 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Refex Renewables & Infrastructure (BOM:531260) 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.
Refex Renewables & Infrastructure Net Current Asset Value Related Terms
Refex Renewables & Infrastructure 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.
Refex Renewables & Infrastructure Net Current Asset Value Chart
BOM:531260 vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, Refex Renewables & Infrastructure'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.
Refex Renewables & Infrastructure Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Refex Renewables & Infrastructure's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Refex Renewables & Infrastructure'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?
Refex Renewables & Infrastructure (BOM:531260) 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 Refex Renewables & Infrastructure and its competitors. Over the past decade, Refex Renewables & Infrastructure's Net Current Asset Value has ranged from 0.56 to 277.50. According to the industry distribution chart, Refex Renewables & Infrastructure ranks #999999 out of 722 companies in the Semiconductors industry.
Is Refex Renewables & Infrastructure's Net Current Asset Value too high?
Refex Renewables & Infrastructure's current Net Current Asset Value is ₹0.00. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 277.50. Based on the distribution chart, Refex Renewables & Infrastructure ranks #999999 out of 722 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Refex Renewables & Infrastructure has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Refex Renewables & Infrastructure's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Refex Renewables & Infrastructure ranks #999999 out of 722 companies for Net Current Asset Value. This places Refex Renewables & Infrastructure in the lower half of its industry. The industry median Net Current Asset Value is 7.98. Historically, Refex Renewables & Infrastructure's own Net Current Asset Value has ranged from 0.56 to 277.50 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 7.98, based on 722 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 Refex Renewables & Infrastructure and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 7.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refex Renewables & Infrastructure'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 Refex Renewables & Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Refex Renewables & Infrastructure (BOM:531260) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹432.57, compared to a current price of ₹327.50 — trading 24.3% below its estimated fair value. The current Net Current Asset Value is ₹0.00. Refex Renewables & Infrastructure's overall GF Score™ is 48/100 with 6 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 Refex Renewables & Infrastructure (BOM:531260), 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 Refex Renewables & Infrastructure (BOM:531260) Overvalued in 2026?
Based on GuruFocus' analysis, Refex Renewables & Infrastructure stock appears to be undervalued.
The current stock price of ₹327.50 is trading 24.3% below its estimated GF Value™ of ₹432.57.
GuruFocus considers Refex Renewables & Infrastructure to be Modestly Undervalued.
Key valuation signals for BOM:531260:
Net Current Asset Value: ₹0.00
GF Value™: ₹432.57 vs. price of ₹327.50 (24.3% below fair value)
No single metric tells the full story. See the BOM:531260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Refex Renewables & Infrastructure Ltd is engaged in the business of rendering engineering, procurement and construction services in respect of ground solar power plants, solar water pumps and home systems. . The company segment includes (i) Engineering, procurement and construction 'EPC-Rural' - Supply, installation, commissioning and maintenance of solar water pumps and home systems. (ii) Engineering, procurement and construction 'EPC-Commercial and Industrial (C&I)' - Supply, installation, commissioning and maintenance of ground solar power plants and Rooftop. The Company has only one geographical segment viz., India.
48GF Score
Get the complete analysis for BOM:531260
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:531260 has been successfully added to your 
