Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
NSE:GNFC's Price-to-Net-Current-Asset-Value is ranked better than 80.42% of 945
companies
in the Chemicals industry
Industry Median: 4.92
vs NSE:GNFC: 1.98
Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) 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.
Gujarat Narmada Valley Fertilizers & Chemicals Net Current Asset Value Related Terms
Gujarat Narmada Valley Fertilizers & Chemicals 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.
Gujarat Narmada Valley Fertilizers & Chemicals Net Current Asset Value Chart
Gujarat Narmada Valley Fertilizers & Chemicals Annual Data
NSE:GNFC vs DOW: Net Current Asset Value Comparison
For the Chemicals subindustry, Gujarat Narmada Valley Fertilizers & Chemicals'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.
Gujarat Narmada Valley Fertilizers & Chemicals Price-to-Net-Current-Asset-Value vs Chemicals Industry
* 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 ₹265.89 mean?
Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) has a Net Current Asset Value of ₹265.89 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 Gujarat Narmada Valley Fertilizers & Chemicals and its competitors. This is 7563% above median its historical median of 3.47. Over the past decade, Gujarat Narmada Valley Fertilizers & Chemicals' Net Current Asset Value has ranged from 1.38 to 6.10. According to the industry distribution chart, Gujarat Narmada Valley Fertilizers & Chemicals ranks #185 out of 945 companies in the Chemicals industry, placing it in the top 19.6%.
Is Gujarat Narmada Valley Fertilizers & Chemicals' Net Current Asset Value too high?
Gujarat Narmada Valley Fertilizers & Chemicals' current Net Current Asset Value of ₹265.89 is 7563% above median its 10-year median of 3.47. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 6.10. Based on the distribution chart, Gujarat Narmada Valley Fertilizers & Chemicals ranks #185 out of 945 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat Narmada Valley Fertilizers & Chemicals has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Narmada Valley Fertilizers & Chemicals' Net Current Asset Value compare to DOW?
According to the Chemicals industry distribution chart, Gujarat Narmada Valley Fertilizers & Chemicals ranks #185 out of 945 companies for Net Current Asset Value. This places Gujarat Narmada Valley Fertilizers & Chemicals in the top 20% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.92. Historically, Gujarat Narmada Valley Fertilizers & Chemicals' own Net Current Asset Value has ranged from 1.38 to 6.10 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 4.92, based on 945 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 Gujarat Narmada Valley Fertilizers & Chemicals and its competitors. For the Chemicals industry, the median Net Current Asset Value is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Narmada Valley Fertilizers & Chemicals's current Net Current Asset Value is ₹265.89, which is 7563% above median its own 10-year median of 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Narmada Valley Fertilizers & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) is currently considered Fairly Valued. The stock's GF Value™ is ₹526.15, compared to a current price of ₹527.05 — trading 0.2% above its estimated fair value. The current Net Current Asset Value is ₹265.89, which is 7563% above median its 10-year median of 3.47. Gujarat Narmada Valley Fertilizers & Chemicals' overall GF Score™ is 78/100 with 5 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 Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC), the current Net Current Asset Value is ₹265.89 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 Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Overvalued in 2026?
Based on GuruFocus' analysis, Gujarat Narmada Valley Fertilizers & Chemicals stock appears to be overvalued.
The current stock price of ₹527.05 is trading 0.2% above its estimated GF Value™ of ₹526.15.
GuruFocus considers Gujarat Narmada Valley Fertilizers & Chemicals to be Fairly Valued.
Key valuation signals for NSE:GNFC:
Net Current Asset Value: ₹265.89 (7563% above median its 10-year median of 3.47)
GF Value™: ₹526.15 vs. price of ₹527.05 (0.2% above fair value)
No single metric tells the full story. See the NSE:GNFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, or GNFC, is a firm engaged in the manufacturing and selling of fertilizers, industrial chemical products and rendering Information Technology services. It operates in three business segments including fertilizer segment and chemicals segment and others. The company generates the majority of its revenues through the sale of chemicals.
78GF Score
Get the complete analysis for NSE:GNFC
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:GNFC has been successfully added to your 
