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Narmadesh Brass IndustriesBOM:544680 14 Net Current Asset Value is ₹119.92 as of Mar. 2026, which is 100% below its 10-year median of 1.25. GuruFocus rates BOM:544680 with a GF Score™ of 14/100. The stock has 4 warning signs investors should review. Among 2,217 Industrial Products companies, Narmadesh Brass Industries ranks better than 73.84% 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).
Narmadesh Brass Industries's net current asset value per share for the quarter that ended in Mar. 2026 was ₹119.92.
The historical rank and industry rank for Narmadesh Brass Industries's Net Current Asset Value or its related term are showing as below:
BOM:544680'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.25 Med: 1.25 Max: 2.58
Current: 2.58
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Narmadesh Brass Industries was 2.58. The lowest was 1.25. And the median was 1.25.
BOM:544680's Price-to-Net-Current-Asset-Value is ranked better than 73.84% of 2217
companies
in the Industrial Products industry
Industry Median: 4.89
vs BOM:544680: 2.58
Narmadesh Brass Industries (BOM:544680) 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.
Narmadesh Brass Industries Net Current Asset Value Related Terms
Narmadesh Brass Industries 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.
Narmadesh Brass Industries Net Current Asset Value Chart
Narmadesh Brass Industries Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Net Current Asset Value
2.58
-6.32
0.23
119.92
Narmadesh Brass Industries Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Net Current Asset Value
2.58
-6.32
0.23
33.62
119.92
BOM:544680 vs CRS, ATI, MLI: Net Current Asset Value Comparison
For the Metal Fabrication subindustry, Narmadesh Brass 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.
Narmadesh Brass Industries Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Narmadesh Brass Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Narmadesh Brass 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 ₹119.92 mean?
Narmadesh Brass Industries (BOM:544680) has a Net Current Asset Value of ₹119.92 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 Narmadesh Brass Industries and its competitors. This is 9494% above median its historical median of 1.25. Over the past decade, Narmadesh Brass Industries' Net Current Asset Value has ranged from 1.25 to 2.58. According to the industry distribution chart, Narmadesh Brass Industries ranks #580 out of 2217 companies in the Industrial Products industry, placing it in the top 26.2%.
Is Narmadesh Brass Industries' Net Current Asset Value too high?
Narmadesh Brass Industries' current Net Current Asset Value of ₹119.92 is 9494% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 2.58. Based on the distribution chart, Narmadesh Brass Industries ranks #580 out of 2217 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Narmadesh Brass Industries has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Narmadesh Brass Industries' Net Current Asset Value compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Narmadesh Brass Industries ranks #580 out of 2217 companies for Net Current Asset Value. This puts Narmadesh Brass Industries in the upper half of its industry. The industry median Net Current Asset Value is 4.89. Historically, Narmadesh Brass Industries' own Net Current Asset Value has ranged from 1.25 to 2.58 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 4.89, based on 2,217 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 Narmadesh Brass Industries and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Narmadesh Brass Industries's current Net Current Asset Value is ₹119.92, which is 9494% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Narmadesh Brass Industries stock overvalued right now?
Narmadesh Brass Industries (BOM:544680) has a current Net Current Asset Value of ₹119.92. The current Net Current Asset Value is ₹119.92, which is 9494% above median its 10-year median of 1.25. Narmadesh Brass Industries' overall GF Score™ is 14/100 with 4 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 Narmadesh Brass Industries (BOM:544680), the current Net Current Asset Value is ₹119.92 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.
Narmadesh Brass Industries Ltd is engaged in manufacturing a diverse range of brass products catering to both domestic and international markets. It also offers casting and forging services related to brass components. Its product offering includes brass rods, brass billets, agricultural sprayer parts, garden fittings, ball valves, non-return valves (NRVs), turning components and plumbing fittings, sanitary fittings, brass compression fittings etc. The company is operating in a single business segment i.e. Manufacturing and trading of Brass items. The company derives a substantial portion of revenue from the sale of its products, with the majority generated from the sale of Brass Rods.
14GF Score
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