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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).
Havells India's net current asset value per share for the quarter that ended in Jun. 2026 was ₹0.00.
The historical rank and industry rank for Havells India's Net Current Asset Value or its related term are showing as below:
NSE:HAVELLS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.22 Med: 36.63 Max: 69.32
Current: 29.85
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Havells India was 69.32. The lowest was 17.22. And the median was 36.63.
NSE:HAVELLS's Price-to-Net-Current-Asset-Value is ranked worse than 91.38% of 2216
companies
in the Industrial Products industry
Industry Median: 4.97
vs NSE:HAVELLS: 29.85
Havells India (NSE:HAVELLS) 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.
Havells India Net Current Asset Value Related Terms
Havells India Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Havells India'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.
NSE:HAVELLS vs VRT, BE: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, Havells India'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.
Havells India Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Havells India's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Havells India'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 ₹0.00 mean?
Havells India (NSE:HAVELLS) has a Net Current Asset Value of ₹0.00 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Havells India and its competitors. Over the past decade, Havells India's Net Current Asset Value has ranged from 17.22 to 69.32. According to the industry distribution chart, Havells India ranks #2025 out of 2216 companies in the Industrial Products industry, placing it in the top 91.4%.
Is Havells India's Net Current Asset Value too high?
Havells India's current Net Current Asset Value is ₹0.00. Over the past 10 years, this metric has ranged from a low of 17.22 to a high of 69.32. Based on the distribution chart, Havells India ranks #2025 out of 2216 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Havells India has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Havells India's Net Current Asset Value compare to VRT and BE?
According to the Industrial Products industry distribution chart, Havells India ranks #2025 out of 2216 companies for Net Current Asset Value. This places Havells India in the lower half of its industry. The industry median Net Current Asset Value is 4.97. Historically, Havells India's own Net Current Asset Value has ranged from 17.22 to 69.32 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 4.97, based on 2,216 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 Havells India and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Havells India's current Net Current Asset Value is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Havells India stock overvalued right now?
Based on GuruFocus' analysis, Havells India (NSE:HAVELLS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,769.05, compared to a current price of ₹1,207.10 — trading 31.8% below its estimated fair value. The current Net Current Asset Value is ₹0.00. Havells India's overall GF Score™ is 94/100 with 2 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 Havells India (NSE:HAVELLS), the current Net Current Asset Value is ₹0.00 as of Jun. 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 Havells India (NSE:HAVELLS) Overvalued in 2026?
Based on GuruFocus' analysis, Havells India stock appears to be undervalued.
The current stock price of ₹1,207.10 is trading 31.8% below its estimated GF Value™ of ₹1,769.05.
GuruFocus considers Havells India to be Significantly Undervalued.
Key valuation signals for NSE:HAVELLS:
Net Current Asset Value: ₹0.00
GF Value™: ₹1,769.05 vs. price of ₹1,207.10 (31.8% below fair value)
No single metric tells the full story. See the NSE:HAVELLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Havells India Ltd manufactures and distributes electrical equipment for consumer and industrial applications. Its product portfolio includes fans, appliances, switches, lighting, switch gears, circuit breakers, water heaters, air purifiers, flexible cables, air coolers, monoblock and submersible pumps, personal grooming products, motors, and reactive power solutions. The firm has seven manufacturing facilities, all of which are in India. The company operates in multiple segments: Switchgear (domestic and industrial), which derives maximum revenue, Cables (domestic and industrial underground), Lighting and Fixtures (LED lamps), Electrical Consumer Durables (fans, water heaters), Lloyd Consumer products (air conditioners, televisions), and Others (industrial motors, water purifiers).
94GF Score
Get the complete analysis for NSE:HAVELLS
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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