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Jai Balaji IndustriesBOM:532976 -2.56%63 Net Current Asset Value is ₹2.57 as of Mar. 2026, which is 100% below its 10-year median of 40.92. GuruFocus rates BOM:532976 with a GF Score™ of 63/100 and a GF Value™ of ₹122.23 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 369 Steel companies, Jai Balaji Industries ranks worse than 93.5% 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).
Jai Balaji Industries's net current asset value per share for the quarter that ended in Mar. 2026 was ₹2.57.
The historical rank and industry rank for Jai Balaji Industries's Net Current Asset Value or its related term are showing as below:
BOM:532976'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 21.07 Med: 40.92 Max: 60.77
Current: 23.27
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Jai Balaji Industries was 60.77. The lowest was 21.07. And the median was 40.92.
BOM:532976's Price-to-Net-Current-Asset-Value is ranked worse than 93.5% of 369
companies
in the Steel industry
Industry Median: 2.94
vs BOM:532976: 23.27
Jai Balaji Industries (BOM:532976) 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.
Jai Balaji Industries Net Current Asset Value Related Terms
Jai Balaji Industries Net Current Asset Value Historical Data
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The historical data trend for Jai Balaji 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.
Jai Balaji Industries Net Current Asset Value Chart
BOM:532976 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Jai Balaji 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.
Jai Balaji Industries Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Jai Balaji Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Jai Balaji 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 ₹2.57 mean?
Jai Balaji Industries (BOM:532976) has a Net Current Asset Value of ₹2.57 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 Jai Balaji Industries and its competitors. This is 94% below median its historical median of 40.92. Over the past decade, Jai Balaji Industries' Net Current Asset Value has ranged from 21.07 to 60.77. According to the industry distribution chart, Jai Balaji Industries ranks #345 out of 369 companies in the Steel industry, placing it in the top 93.5%.
Is Jai Balaji Industries' Net Current Asset Value too high?
Jai Balaji Industries' current Net Current Asset Value of ₹2.57 is 94% below median its 10-year median of 40.92. Over the past 10 years, this metric has ranged from a low of 21.07 to a high of 60.77. Based on the distribution chart, Jai Balaji Industries ranks #345 out of 369 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Jai Balaji Industries has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jai Balaji Industries' Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Jai Balaji Industries ranks #345 out of 369 companies for Net Current Asset Value. This places Jai Balaji Industries in the lower half of its industry. The industry median Net Current Asset Value is 2.94. Historically, Jai Balaji Industries' own Net Current Asset Value has ranged from 21.07 to 60.77 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 2.94, based on 369 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 Jai Balaji Industries and its competitors. For the Steel industry, the median Net Current Asset Value is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jai Balaji Industries's current Net Current Asset Value is ₹2.57, which is 94% below median its own 10-year median of 40.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jai Balaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Jai Balaji Industries (BOM:532976) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹122.23, compared to a current price of ₹59.80 — trading 51.1% below its estimated fair value. The current Net Current Asset Value is ₹2.57, which is 94% below median its 10-year median of 40.92. Jai Balaji Industries' overall GF Score™ is 63/100 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 Jai Balaji Industries (BOM:532976), the current Net Current Asset Value is ₹2.57 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 Jai Balaji Industries (BOM:532976) Overvalued in 2026?
Based on GuruFocus' analysis, Jai Balaji Industries stock appears to be undervalued.
The current stock price of ₹59.80 is trading 51.1% below its estimated GF Value™ of ₹122.23.
GuruFocus considers Jai Balaji Industries to be Significantly Undervalued.
Key valuation signals for BOM:532976:
Net Current Asset Value: ₹2.57 (94% below median its 10-year median of 40.92)
GF Value™: ₹122.23 vs. price of ₹59.80 (51.1% below fair value)
No single metric tells the full story. See the BOM:532976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jai Balaji Industries Ltd is an India-based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.
63GF 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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