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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).
The historical rank and industry rank for Kalpataru Projects International's Net Current Asset Value or its related term are showing as below:
NSE:KPIL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.44 Med: 8.29 Max: 12.55
Current: 6.68
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kalpataru Projects International was 12.55. The lowest was 5.44. And the median was 8.29.
NSE:KPIL's Price-to-Net-Current-Asset-Value is ranked worse than 71.72% of 1061
companies
in the Construction industry
Industry Median: 3.19
vs NSE:KPIL: 6.68
Kalpataru Projects International (NSE:KPIL) 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.
Kalpataru Projects International Net Current Asset Value Related Terms
Kalpataru Projects International 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.
Kalpataru Projects International Net Current Asset Value Chart
NSE:KPIL vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Kalpataru Projects International'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.
Kalpataru Projects International Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kalpataru Projects International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kalpataru Projects International'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 ₹194.29 mean?
Kalpataru Projects International (NSE:KPIL) has a Net Current Asset Value of ₹194.29 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 Kalpataru Projects International and its competitors. This is 2244% above median its historical median of 8.29. Over the past decade, Kalpataru Projects International's Net Current Asset Value has ranged from 5.44 to 12.55. According to the industry distribution chart, Kalpataru Projects International ranks #761 out of 1061 companies in the Construction industry, placing it in the top 71.7%.
Is Kalpataru Projects International's Net Current Asset Value too high?
Kalpataru Projects International's current Net Current Asset Value of ₹194.29 is 2244% above median its 10-year median of 8.29. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 12.55. Based on the distribution chart, Kalpataru Projects International ranks #761 out of 1061 companies in the Construction industry, which is below the industry midpoint. Overall, Kalpataru Projects International has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kalpataru Projects International's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Kalpataru Projects International ranks #761 out of 1061 companies for Net Current Asset Value. This places Kalpataru Projects International in the lower half of its industry. The industry median Net Current Asset Value is 3.19. Historically, Kalpataru Projects International's own Net Current Asset Value has ranged from 5.44 to 12.55 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,061 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 Kalpataru Projects International and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalpataru Projects International's current Net Current Asset Value is ₹194.29, which is 2244% above median its own 10-year median of 8.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalpataru Projects International stock overvalued right now?
Based on GuruFocus' analysis, Kalpataru Projects International (NSE:KPIL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,335.63, compared to a current price of ₹1,299.20 — trading 2.7% below its estimated fair value. The current Net Current Asset Value is ₹194.29, which is 2244% above median its 10-year median of 8.29. Kalpataru Projects International's overall GF Score™ is 89/100 with 7 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 Kalpataru Projects International (NSE:KPIL), the current Net Current Asset Value is ₹194.29 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 Kalpataru Projects International (NSE:KPIL) Overvalued in 2026?
Based on GuruFocus' analysis, Kalpataru Projects International stock appears to be undervalued.
The current stock price of ₹1,299.20 is trading 2.7% below its estimated GF Value™ of ₹1,335.63.
GuruFocus considers Kalpataru Projects International to be Fairly Valued.
Key valuation signals for NSE:KPIL:
Net Current Asset Value: ₹194.29 (2244% above median its 10-year median of 8.29)
GF Value™: ₹1,335.63 vs. price of ₹1,299.20 (2.7% below fair value)
No single metric tells the full story. See the NSE:KPIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalpataru Projects International Business Description
Kalpataru Projects International Ltd is a construction company headquartered in India, with activities in the power transmission and infrastructure space. Kalpataru is organized into two operating units: Engineering, Procurement and Construction, or EPC, and Developmental Project businesses. In its EPC business, Kalpataru undertakes infrastructure projects, including power transmission and distribution, civil construction, and the placement of oil and gas pipelines. The EPC operating unit generates the majority of the company's revenue. The firm's developmental project business consists of developing, operating, and maintaining infrastructure projects.
89GF Score
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