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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).
Kirloskar Oil Engines's net current asset value per share for the quarter that ended in Mar. 2026 was ₹-124.12.
The historical rank and industry rank for Kirloskar Oil Engines's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kirloskar Oil Engines was 6.36. The lowest was 1.90. And the median was 5.13.
NSE:KIRLOSENG's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 4.89 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Kirloskar Oil Engines (NSE:KIRLOSENG) 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.
Kirloskar Oil Engines Net Current Asset Value Related Terms
Kirloskar Oil Engines Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kirloskar Oil Engines'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.
Kirloskar Oil Engines Net Current Asset Value Chart
NSE:KIRLOSENG vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Kirloskar Oil Engines'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.
Kirloskar Oil Engines Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Kirloskar Oil Engines's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kirloskar Oil Engines'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 ₹-124.12 mean?
Kirloskar Oil Engines (NSE:KIRLOSENG) has a Net Current Asset Value of ₹-124.12 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 Kirloskar Oil Engines and its competitors. Over the past decade, Kirloskar Oil Engines' Net Current Asset Value has ranged from 1.90 to 6.36. According to the industry distribution chart, Kirloskar Oil Engines ranks #999999 out of 2213 companies in the Industrial Products industry.
Is Kirloskar Oil Engines' Net Current Asset Value too high?
Kirloskar Oil Engines' current Net Current Asset Value is ₹-124.12. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 6.36. Based on the distribution chart, Kirloskar Oil Engines ranks #999999 out of 2213 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Kirloskar Oil Engines has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kirloskar Oil Engines' Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kirloskar Oil Engines ranks #999999 out of 2213 companies for Net Current Asset Value. This places Kirloskar Oil Engines in the lower half of its industry. The industry median Net Current Asset Value is 4.89. Historically, Kirloskar Oil Engines' own Net Current Asset Value has ranged from 1.90 to 6.36 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 2,213 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 Kirloskar Oil Engines 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. Kirloskar Oil Engines's current Net Current Asset Value is ₹-124.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kirloskar Oil Engines stock overvalued right now?
Based on GuruFocus' analysis, Kirloskar Oil Engines (NSE:KIRLOSENG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,197.26, compared to a current price of ₹2,221.70 — trading 85.6% above its estimated fair value. The current Net Current Asset Value is ₹-124.12. Kirloskar Oil Engines' overall GF Score™ is 73/100 with 6 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 Kirloskar Oil Engines (NSE:KIRLOSENG), the current Net Current Asset Value is ₹-124.12 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 Kirloskar Oil Engines (NSE:KIRLOSENG) Overvalued in 2026?
Based on GuruFocus' analysis, Kirloskar Oil Engines stock appears to be overvalued.
The current stock price of ₹2,221.70 is trading 85.6% above its estimated GF Value™ of ₹1,197.26.
GuruFocus considers Kirloskar Oil Engines to be Significantly Overvalued.
Key valuation signals for NSE:KIRLOSENG:
Net Current Asset Value: ₹-124.12
GF Value™: ₹1,197.26 vs. price of ₹2,221.70 (85.6% above fair value)
No single metric tells the full story. See the NSE:KIRLOSENG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kirloskar Oil Engines Ltd is an India-based company that, along with its subsidiaries, engages in the business of manufacturing engines, generating sets, pump sets, power tillers, spares thereof, and Financial services. The company's products are used in various industries, including Airports, Agriculture, Construction & Infrastructure, Defence, Food & Beverage, Healthcare, Hospitality, and others. Its operating reportable segments are: B2B, B2C, and Financial Services. Maximum revenue is generated from its B2B segment, which includes the power solutions space, offering a wide including internal combustion engines, fuel-agnostic gensets, and customised power systems. Geographically, the majority of the company's revenue is generated in India, and the rest from other countries.
73GF Score
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