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Royal Arc ElectrodesNSE:ROYALARC +2.07%19 Net Current Asset Value is ₹43.84 as of Mar. 2026, which is 100% below its 10-year median of 3.69. GuruFocus rates NSE:ROYALARC with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 2,213 Industrial Products companies, Royal Arc Electrodes ranks better than 63.35% 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).
Royal Arc Electrodes's net current asset value per share for the quarter that ended in Mar. 2026 was ₹43.84.
The historical rank and industry rank for Royal Arc Electrodes's Net Current Asset Value or its related term are showing as below:
NSE:ROYALARC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.49 Med: 3.69 Max: 3.85
Current: 3.49
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Royal Arc Electrodes was 3.85. The lowest was 3.49. And the median was 3.69.
NSE:ROYALARC's Price-to-Net-Current-Asset-Value is ranked better than 63.35% of 2213
companies
in the Industrial Products industry
Industry Median: 4.99
vs NSE:ROYALARC: 3.49
Royal Arc Electrodes (NSE:ROYALARC) 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.
Royal Arc Electrodes Net Current Asset Value Related Terms
Royal Arc Electrodes Net Current Asset Value Historical Data
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The historical data trend for Royal Arc Electrodes'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.
Royal Arc Electrodes Net Current Asset Value Chart
NSE:ROYALARC vs VRT, BE: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, Royal Arc Electrodes'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.
Royal Arc Electrodes Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Royal Arc Electrodes's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Royal Arc Electrodes'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 ₹43.84 mean?
Royal Arc Electrodes (NSE:ROYALARC) has a Net Current Asset Value of ₹43.84 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 Royal Arc Electrodes and its competitors. This is 1088% above median its historical median of 3.69. Over the past decade, Royal Arc Electrodes' Net Current Asset Value has ranged from 3.49 to 3.85. According to the industry distribution chart, Royal Arc Electrodes ranks #811 out of 2213 companies in the Industrial Products industry, placing it in the top 36.6%.
Is Royal Arc Electrodes' Net Current Asset Value too high?
Royal Arc Electrodes' current Net Current Asset Value of ₹43.84 is 1088% above median its 10-year median of 3.69. Over the past 10 years, this metric has ranged from a low of 3.49 to a high of 3.85. Based on the distribution chart, Royal Arc Electrodes ranks #811 out of 2213 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Royal Arc Electrodes has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Royal Arc Electrodes' Net Current Asset Value compare to VRT and BE?
According to the Industrial Products industry distribution chart, Royal Arc Electrodes ranks #811 out of 2213 companies for Net Current Asset Value. This puts Royal Arc Electrodes in the upper half of its industry. The industry median Net Current Asset Value is 4.99. Historically, Royal Arc Electrodes' own Net Current Asset Value has ranged from 3.49 to 3.85 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 4.99, 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 Royal Arc Electrodes and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Arc Electrodes's current Net Current Asset Value is ₹43.84, which is 1088% above median its own 10-year median of 3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Arc Electrodes stock overvalued right now?
Royal Arc Electrodes (NSE:ROYALARC) has a current Net Current Asset Value of ₹43.84. The current Net Current Asset Value is ₹43.84, which is 1088% above median its 10-year median of 3.69. Royal Arc Electrodes' overall GF Score™ is 19/100 with 4 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 Royal Arc Electrodes (NSE:ROYALARC), the current Net Current Asset Value is ₹43.84 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.
Royal Arc Electrodes Ltd is engaged in the business of manufacturing welding consumables such as welding electrodes, flux cored wire, MIG/TIG wires, which finds its application in the welding of tanks, boilers, heavy structures, beams, pipes, cylinders, pressure vessels, etc. which are used in industries like railways, roadways, airport infrastructure, refineries, shipyards, mines, sugar industries, telecom industries, thermal power stations, PEB sectors, etc. Further, the Company is also engaged in the business of trading ancillary/incidental products like wheels, electro slag, welding flux cored wire, electro slag strip cladding, saw flux, and TIG /MIG wires. It manufactures its products from copper coated wire, MS Strips, MS wire, SS strip, SS wire, nickel wire, ferro alloy powder, etc.
19GF Score
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