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KRN Heat Exchanger and RefrigerationBOM:544263 +0.55%48 Net Current Asset Value is ₹36.25 as of Mar. 2026, which is 100% below its 10-year median of 19.99. GuruFocus rates BOM:544263 with a GF Score™ of 48/100. The stock has 8 warning signs investors should review. Among 1,837 Hardware companies, KRN Heat Exchanger and Refrigeration ranks worse than 92.05% 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 KRN Heat Exchanger and Refrigeration's Net Current Asset Value or its related term are showing as below:
BOM:544263'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 16.47 Med: 19.99 Max: 34.12
Current: 33.26
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of KRN Heat Exchanger and Refrigeration was 34.12. The lowest was 16.47. And the median was 19.99.
BOM:544263's Price-to-Net-Current-Asset-Value is ranked worse than 92.05% of 1837
companies
in the Hardware industry
Industry Median: 5.19
vs BOM:544263: 33.26
KRN Heat Exchanger and Refrigeration (BOM:544263) 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.
KRN Heat Exchanger and Refrigeration Net Current Asset Value Related Terms
KRN Heat Exchanger and Refrigeration 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.
KRN Heat Exchanger and Refrigeration Net Current Asset Value Chart
BOM:544263 vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, KRN Heat Exchanger and Refrigeration'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.
KRN Heat Exchanger and Refrigeration Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, KRN Heat Exchanger and Refrigeration's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where KRN Heat Exchanger and Refrigeration'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 ₹36.25 mean?
KRN Heat Exchanger and Refrigeration (BOM:544263) has a Net Current Asset Value of ₹36.25 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 KRN Heat Exchanger and Refrigeration and its competitors. This is 81% above median its historical median of 19.99. Over the past decade, KRN Heat Exchanger and Refrigeration's Net Current Asset Value has ranged from 16.47 to 34.12. According to the industry distribution chart, KRN Heat Exchanger and Refrigeration ranks #1691 out of 1837 companies in the Hardware industry, placing it in the top 92.1%.
Is KRN Heat Exchanger and Refrigeration's Net Current Asset Value too high?
KRN Heat Exchanger and Refrigeration's current Net Current Asset Value of ₹36.25 is 81% above median its 10-year median of 19.99. Over the past 10 years, this metric has ranged from a low of 16.47 to a high of 34.12. Based on the distribution chart, KRN Heat Exchanger and Refrigeration ranks #1691 out of 1837 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, KRN Heat Exchanger and Refrigeration has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does KRN Heat Exchanger and Refrigeration's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, KRN Heat Exchanger and Refrigeration ranks #1691 out of 1837 companies for Net Current Asset Value. This places KRN Heat Exchanger and Refrigeration in the lower half of its industry. The industry median Net Current Asset Value is 5.19. Historically, KRN Heat Exchanger and Refrigeration's own Net Current Asset Value has ranged from 16.47 to 34.12 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.19, based on 1,837 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 KRN Heat Exchanger and Refrigeration and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KRN Heat Exchanger and Refrigeration's current Net Current Asset Value is ₹36.25, which is 81% above median its own 10-year median of 19.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KRN Heat Exchanger and Refrigeration stock overvalued right now?
KRN Heat Exchanger and Refrigeration (BOM:544263) has a current Net Current Asset Value of ₹36.25. The current Net Current Asset Value is ₹36.25, which is 81% above median its 10-year median of 19.99. KRN Heat Exchanger and Refrigeration's overall GF Score™ is 48/100 with 8 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 KRN Heat Exchanger and Refrigeration (BOM:544263), the current Net Current Asset Value is ₹36.25 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.
KRN Heat Exchanger and Refrigeration Ltd manufacture fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry. Heat exchangers manufactured by the company are made of non-ferrous metals, Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. The diameter of the heat exchanger tubes it produces ranges from 5MM to 15.88 MM. The company's products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration and process cooling applications.
48GF Score
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