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Emerald Tyre ManufacturersNSE:ETML +0.50%16 Net Current Asset Value is ₹4.45 as of Mar. 2025, which is 100% below its 10-year median of 23.19. GuruFocus rates NSE:ETML with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 707 Vehicles & Parts companies, Emerald Tyre Manufacturers ranks worse than 83.17% 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).
Emerald Tyre Manufacturers's net current asset value per share for the quarter that ended in Mar. 2025 was ₹4.45.
The historical rank and industry rank for Emerald Tyre Manufacturers's Net Current Asset Value or its related term are showing as below:
NSE:ETML'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 18.08 Med: 23.19 Max: 23.19
Current: 18.17
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Emerald Tyre Manufacturers was 23.19. The lowest was 18.08. And the median was 23.19.
NSE:ETML's Price-to-Net-Current-Asset-Value is ranked worse than 83.17% of 707
companies
in the Vehicles & Parts industry
Industry Median: 4.7
vs NSE:ETML: 18.17
Emerald Tyre Manufacturers (NSE:ETML) 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.
Emerald Tyre Manufacturers Net Current Asset Value Related Terms
Emerald Tyre Manufacturers 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.
Emerald Tyre Manufacturers Net Current Asset Value Chart
Emerald Tyre Manufacturers Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Net Current Asset Value
-7.41
-9.42
-10.09
-5.34
4.45
Emerald Tyre Manufacturers Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Net Current Asset Value
-7.41
-9.42
-10.09
-5.34
4.45
NSE:ETML vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, Emerald Tyre Manufacturers'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.
Emerald Tyre Manufacturers Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Emerald Tyre Manufacturers's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Emerald Tyre Manufacturers'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 ₹4.45 mean?
Emerald Tyre Manufacturers (NSE:ETML) has a Net Current Asset Value of ₹4.45 as of Mar. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Emerald Tyre Manufacturers and its competitors. This is 81% below median its historical median of 23.19. Over the past decade, Emerald Tyre Manufacturers' Net Current Asset Value has ranged from 18.08 to 23.19. According to the industry distribution chart, Emerald Tyre Manufacturers ranks #588 out of 707 companies in the Vehicles & Parts industry, placing it in the top 83.2%.
Is Emerald Tyre Manufacturers' Net Current Asset Value too high?
Emerald Tyre Manufacturers' current Net Current Asset Value of ₹4.45 is 81% below median its 10-year median of 23.19. Over the past 10 years, this metric has ranged from a low of 18.08 to a high of 23.19. Based on the distribution chart, Emerald Tyre Manufacturers ranks #588 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Emerald Tyre Manufacturers has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Emerald Tyre Manufacturers ranks #588 out of 707 companies for Net Current Asset Value. This places Emerald Tyre Manufacturers in the lower half of its industry. The industry median Net Current Asset Value is 4.70. Historically, Emerald Tyre Manufacturers' own Net Current Asset Value has ranged from 18.08 to 23.19 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.70, based on 707 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 Emerald Tyre Manufacturers and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Tyre Manufacturers's current Net Current Asset Value is ₹4.45, which is 81% below median its own 10-year median of 23.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current Net Current Asset Value of ₹4.45. The current Net Current Asset Value is ₹4.45, which is 81% below median its 10-year median of 23.19. Emerald Tyre Manufacturers' overall GF Score™ is 16/100 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 Emerald Tyre Manufacturers (NSE:ETML), the current Net Current Asset Value is ₹4.45 as of Mar. 2025. 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.
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
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