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Promax PowerBOM:543375 +4.93%56 Net Current Asset Value is ₹10.38 as of Mar. 2026, which is 100% below its 10-year median of 3.15. GuruFocus rates BOM:543375 with a GF Score™ of 56/100 and a GF Value™ of ₹28.90 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,066 Construction companies, Promax Power ranks better than 83.49% 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).
Promax Power's net current asset value per share for the quarter that ended in Mar. 2026 was ₹10.38.
The historical rank and industry rank for Promax Power's Net Current Asset Value or its related term are showing as below:
BOM:543375'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.06 Med: 3.15 Max: 8.02
Current: 1.25
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Promax Power was 8.02. The lowest was 1.06. And the median was 3.15.
BOM:543375's Price-to-Net-Current-Asset-Value is ranked better than 83.49% of 1066
companies
in the Construction industry
Industry Median: 3.19
vs BOM:543375: 1.25
Promax Power (BOM:543375) 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.
Promax Power Net Current Asset Value Related Terms
Promax Power Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Promax Power'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:543375 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Promax Power'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.
Promax Power Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Promax Power's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Promax Power'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 ₹10.38 mean?
Promax Power (BOM:543375) has a Net Current Asset Value of ₹10.38 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 Promax Power and its competitors. This is 230% above median its historical median of 3.15. Over the past decade, Promax Power's Net Current Asset Value has ranged from 1.06 to 8.02. According to the industry distribution chart, Promax Power ranks #176 out of 1066 companies in the Construction industry, placing it in the top 16.5%.
Is Promax Power's Net Current Asset Value too high?
Promax Power's current Net Current Asset Value of ₹10.38 is 230% above median its 10-year median of 3.15. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 8.02. Based on the distribution chart, Promax Power ranks #176 out of 1066 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Promax Power has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Promax Power's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Promax Power ranks #176 out of 1066 companies for Net Current Asset Value. This places Promax Power in the top 17% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.19. Historically, Promax Power's own Net Current Asset Value has ranged from 1.06 to 8.02 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,066 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 Promax Power and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Promax Power's current Net Current Asset Value is ₹10.38, which is 230% above median its own 10-year median of 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Promax Power stock overvalued right now?
Based on GuruFocus' analysis, Promax Power (BOM:543375) is currently considered Possible Value Trap. The stock's GF Value™ is ₹28.90, compared to a current price of ₹12.99 — trading 55.1% below its estimated fair value. The current Net Current Asset Value is ₹10.38, which is 230% above median its 10-year median of 3.15. Promax Power's overall GF Score™ is 56/100 with 7 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 Promax Power (BOM:543375), the current Net Current Asset Value is ₹10.38 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 Promax Power (BOM:543375) Overvalued in 2026?
Based on GuruFocus' analysis, Promax Power stock appears to be undervalued.
The current stock price of ₹12.99 is trading 55.1% below its estimated GF Value™ of ₹28.90.
GuruFocus considers Promax Power to be Possible Value Trap.
Key valuation signals for BOM:543375:
Net Current Asset Value: ₹10.38 (230% above median its 10-year median of 3.15)
GF Value™: ₹28.90 vs. price of ₹12.99 (55.1% below fair value)
No single metric tells the full story. See the BOM:543375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Promax Power Ltd is an engineering company specializing in engineering, procurement, and construction services prominently for the power and infrastructure sectors. Its key activities include electrification projects, power substations, transmission lines, underground cabling, and solar power installations, alongside civil infrastructure and water management projects. The company operates in multiple regions across India, including Punjab and Delhi. Promax Power generates revenue mainly through executing engineering and construction contracts for power distribution, renewable energy projects, and infrastructure development. The company also undertakes high-rise and commercial building construction and pre-engineered building projects for industrial and institutional clients.
56GF Score
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