Tandlianwala Sugar MillsKAR:TSML -1.13%65 Net Current Asset Value is ₨5.20 as of Mar. 2026, which is 100% below its 10-year median of 46.16. GuruFocus rates KAR:TSML with a GF Score™ of 65/100 and a GF Value™ of ₨117.63 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,051 Consumer Packaged Goods companies, Tandlianwala Sugar Mills ranks worse than 98.57% 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).
Tandlianwala Sugar Mills's net current asset value per share for the quarter that ended in Mar. 2026 was ₨5.20.
The historical rank and industry rank for Tandlianwala Sugar Mills's Net Current Asset Value or its related term are showing as below:
KAR:TSML'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 39.2 Med: 46.16 Max: 175.05
Current: 173.06
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tandlianwala Sugar Mills was 175.05. The lowest was 39.20. And the median was 46.16.
KAR:TSML's Price-to-Net-Current-Asset-Value is ranked worse than 98.57% of 1051
companies
in the Consumer Packaged Goods industry
Industry Median: 4.2
vs KAR:TSML: 173.06
Tandlianwala Sugar Mills (KAR:TSML) 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.
Tandlianwala Sugar Mills Net Current Asset Value Related Terms
Tandlianwala Sugar Mills Net Current Asset Value Historical Data
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The historical data trend for Tandlianwala Sugar Mills'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.
Tandlianwala Sugar Mills Net Current Asset Value Chart
KAR:TSML vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Tandlianwala Sugar Mills'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.
Tandlianwala Sugar Mills Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tandlianwala Sugar Mills's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tandlianwala Sugar Mills'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 ₨5.20 mean?
Tandlianwala Sugar Mills (KAR:TSML) has a Net Current Asset Value of ₨5.20 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 Tandlianwala Sugar Mills and its competitors. This is 89% below median its historical median of 46.16. Over the past decade, Tandlianwala Sugar Mills' Net Current Asset Value has ranged from 39.20 to 175.05. According to the industry distribution chart, Tandlianwala Sugar Mills ranks #1036 out of 1051 companies in the Consumer Packaged Goods industry, placing it in the top 98.6%.
Is Tandlianwala Sugar Mills' Net Current Asset Value too high?
Tandlianwala Sugar Mills' current Net Current Asset Value of ₨5.20 is 89% below median its 10-year median of 46.16. Over the past 10 years, this metric has ranged from a low of 39.20 to a high of 175.05. Based on the distribution chart, Tandlianwala Sugar Mills ranks #1036 out of 1051 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tandlianwala Sugar Mills has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tandlianwala Sugar Mills' Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Tandlianwala Sugar Mills ranks #1036 out of 1051 companies for Net Current Asset Value. This places Tandlianwala Sugar Mills in the lower half of its industry. The industry median Net Current Asset Value is 4.20. Historically, Tandlianwala Sugar Mills' own Net Current Asset Value has ranged from 39.20 to 175.05 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.20, based on 1,051 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 Tandlianwala Sugar Mills and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tandlianwala Sugar Mills's current Net Current Asset Value is ₨5.20, which is 89% below median its own 10-year median of 46.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tandlianwala Sugar Mills stock overvalued right now?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills (KAR:TSML) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨117.63, compared to a current price of ₨899.91 — trading 665% above its estimated fair value. The current Net Current Asset Value is ₨5.20, which is 89% below median its 10-year median of 46.16. Tandlianwala Sugar Mills' overall GF Score™ is 65/100 with 9 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 Tandlianwala Sugar Mills (KAR:TSML), the current Net Current Asset Value is ₨5.20 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 Tandlianwala Sugar Mills (KAR:TSML) Overvalued in 2026?
Based on GuruFocus' analysis, Tandlianwala Sugar Mills stock appears to be overvalued.
The current stock price of ₨899.91 is trading 665% above its estimated GF Value™ of ₨117.63.
GuruFocus considers Tandlianwala Sugar Mills to be Significantly Overvalued.
Key valuation signals for KAR:TSML:
Net Current Asset Value: ₨5.20 (89% below median its 10-year median of 46.16)
GF Value™: ₨117.63 vs. price of ₨899.91 (665% above fair value)
No single metric tells the full story. See the KAR:TSML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tandlianwala Sugar Mills Ltd is engaged in the production and sale of white crystalline sugar, ethanol, and other allied by-products. The company operates three sugar mills, two ethanol distilleries, and a carbon Dioxide plant. Its operating segments include the Sugar segment, which involves the production of white sugar and molasses from sugarcane; the Ethanol segment, which focuses on the production of ethanol from molasses; and the Top Gas and other segments, which involve the production of top gas. The majority of the company's revenue is generated from the Sugar segment.
65GF Score
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