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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).
Patel Chem Specialities's net current asset value per share for the quarter that ended in Mar. 2026 was ₹18.63.
The historical rank and industry rank for Patel Chem Specialities's Net Current Asset Value or its related term are showing as below:
BOM:544460'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.31 Med: 3.31 Max: 5.88
Current: 5.8
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Patel Chem Specialities was 5.88. The lowest was 3.31. And the median was 3.31.
BOM:544460's Price-to-Net-Current-Asset-Value is ranked worse than 53.86% of 958
companies
in the Chemicals industry
Industry Median: 5.18
vs BOM:544460: 5.80
Patel Chem Specialities (BOM:544460) 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.
Patel Chem Specialities Net Current Asset Value Related Terms
Patel Chem Specialities Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Patel Chem Specialities'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.
Patel Chem Specialities Net Current Asset Value Chart
BOM:544460 vs DOW: Net Current Asset Value Comparison
For the Chemicals subindustry, Patel Chem Specialities'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.
Patel Chem Specialities Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Patel Chem Specialities's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Patel Chem Specialities'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 ₹18.63 mean?
Patel Chem Specialities (BOM:544460) has a Net Current Asset Value of ₹18.63 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 Patel Chem Specialities and its competitors. According to the industry distribution chart, Patel Chem Specialities ranks #516 out of 958 companies in the Chemicals industry, placing it in the top 53.9%.
Is Patel Chem Specialities' Net Current Asset Value too high?
Patel Chem Specialities' current Net Current Asset Value is ₹18.63. Based on the distribution chart, Patel Chem Specialities ranks #516 out of 958 companies in the Chemicals industry, which is below the industry midpoint. Overall, Patel Chem Specialities has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Patel Chem Specialities' Net Current Asset Value compare to DOW?
According to the Chemicals industry distribution chart, Patel Chem Specialities ranks #516 out of 958 companies for Net Current Asset Value. This places Patel Chem Specialities in the lower half of its industry. The industry median Net Current Asset Value is 5.18. 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.18, based on 958 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 Patel Chem Specialities and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Patel Chem Specialities's current Net Current Asset Value is ₹18.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Patel Chem Specialities stock overvalued right now?
Patel Chem Specialities (BOM:544460) has a current Net Current Asset Value of ₹18.63. The current Net Current Asset Value is ₹18.63. Patel Chem Specialities' overall GF Score™ is 19/100 with 3 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 Patel Chem Specialities (BOM:544460), the current Net Current Asset Value is ₹18.63 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.
Patel Chem Specialities Ltd operates in the field of specialty chemicals, particularly focusing on the production of cellulose-based excipients. It manufactures a diverse products that are critical to various industries, including pharmaceuticals, food & beverages, cosmetics, and numerous industrial applications. These chemicals are fundamental in the formulation of essential products such as tablets, food additives, personal care items, and industrial formulations. Its products play vital roles as binders, disintegrants, thickeners, stabilizers, and gelling agents, each serving a specialized function across multiple sectors.
19GF Score
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