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Associated CoatersBOM:544183 21 Net Current Asset Value is ₹25.75 as of Mar. 2026, which is 100% below its 10-year median of 3.17. GuruFocus rates BOM:544183 with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 626 Business Services companies, Associated Coaters ranks worse than 51.76% 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).
Associated Coaters's net current asset value per share for the quarter that ended in Mar. 2026 was ₹25.75.
The historical rank and industry rank for Associated Coaters's Net Current Asset Value or its related term are showing as below:
BOM:544183'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.92 Med: 3.17 Max: 3.91
Current: 3.9
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Associated Coaters was 3.91. The lowest was 2.92. And the median was 3.17.
BOM:544183's Price-to-Net-Current-Asset-Value is ranked worse than 51.76% of 626
companies
in the Business Services industry
Industry Median: 3.745
vs BOM:544183: 3.90
Associated Coaters (BOM:544183) 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.
Associated Coaters Net Current Asset Value Related Terms
Associated Coaters Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Associated Coaters'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:544183 vs CTAS, CPRT, GPN: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Associated Coaters'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.
Associated Coaters Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Associated Coaters's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Associated Coaters'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 ₹25.75 mean?
Associated Coaters (BOM:544183) has a Net Current Asset Value of ₹25.75 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 Associated Coaters and its competitors. This is 712% above median its historical median of 3.17. Over the past decade, Associated Coaters' Net Current Asset Value has ranged from 2.92 to 3.91. According to the industry distribution chart, Associated Coaters ranks #324 out of 626 companies in the Business Services industry, placing it in the top 51.8%.
Is Associated Coaters' Net Current Asset Value too high?
Associated Coaters' current Net Current Asset Value of ₹25.75 is 712% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 2.92 to a high of 3.91. Based on the distribution chart, Associated Coaters ranks #324 out of 626 companies in the Business Services industry, which is below the industry midpoint. Overall, Associated Coaters has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Associated Coaters' Net Current Asset Value compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Associated Coaters ranks #324 out of 626 companies for Net Current Asset Value. This places Associated Coaters in the lower half of its industry. The industry median Net Current Asset Value is 3.75. Historically, Associated Coaters' own Net Current Asset Value has ranged from 2.92 to 3.91 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.75, based on 626 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 Associated Coaters and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Coaters's current Net Current Asset Value is ₹25.75, which is 712% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Coaters stock overvalued right now?
Associated Coaters (BOM:544183) has a current Net Current Asset Value of ₹25.75. The current Net Current Asset Value is ₹25.75, which is 712% above median its 10-year median of 3.17. Associated Coaters' overall GF Score™ is 21/100 with 1 warning sign 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 Associated Coaters (BOM:544183), the current Net Current Asset Value is ₹25.75 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.
Associated Coaters Ltd is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the Architect and Real Estate Industry. The company's process begins with surface cleaning to eliminate dirt, grease, or other contaminants, followed by the application of a strategic chemical solution to enhance powder coating adhesion. Techniques such as acidic surface etching and specialized pretreatment agents ensure optimal surface wettability.
21GF Score
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