Shubhlaxmi Jewel Art (NSE:SHUBHLAXMI) Net Current Asset Value: ₹22.00 (As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:SHUBHLAXMI Shubhlaxmi Jewel Art Ltd NSE:SHUBHLAXMI
51 GF Score
Price ₹19.45
! 5 Warning Signs
View Full Analysis

What is Shubhlaxmi Jewel Art Net Current Asset Value?

Shubhlaxmi Jewel Art NSE:SHUBHLAXMI 51 Net Current Asset Value is ₹22.00 as of Sep. 2025. GuruFocus rates NSE:SHUBHLAXMI with a GF Score™ of 51/100. The stock has 5 warning signs investors should review. Among 556 Retail - Cyclical companies, Shubhlaxmi Jewel Art ranks better than 86.87% 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).

Shubhlaxmi Jewel Art's net current asset value per share for the quarter that ended in Sep. 2025 was ₹22.00.

The historical rank and industry rank for Shubhlaxmi Jewel Art's Net Current Asset Value or its related term are showing as below:

NSE:SHUBHLAXMI' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.73   Med: 1.66   Max: 7.4
Current: 0.88

During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shubhlaxmi Jewel Art was 7.40. The lowest was 0.73. And the median was 1.66.

NSE:SHUBHLAXMI's Price-to-Net-Current-Asset-Value is ranked better than
86.87% of 556 companies
in the Retail - Cyclical industry
Industry Median: 3.265 vs NSE:SHUBHLAXMI: 0.88

Shubhlaxmi Jewel Art  (NSE:SHUBHLAXMI) 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 Graham’s 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.


Shubhlaxmi Jewel Art Net Current Asset Value Related Terms


Shubhlaxmi Jewel Art Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Shubhlaxmi Jewel Art'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.

Shubhlaxmi Jewel Art Net Current Asset Value Chart

Shubhlaxmi Jewel Art Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.57 14.11 16.19 18.24 18.79

Shubhlaxmi Jewel Art Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep24 Sep25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.24 18.35 18.79 0.00 22.00

NSE:SHUBHLAXMI vs TPR: Net Current Asset Value Comparison

For the Luxury Goods subindustry, Shubhlaxmi Jewel Art'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.


Shubhlaxmi Jewel Art Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shubhlaxmi Jewel Art's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Shubhlaxmi Jewel Art's Price-to-Net-Current-Asset-Value falls into.


NSE:SHUBHLAXMI
51GF Score
Shubhlaxmi Jewel Art Ltd NSE:SHUBHLAXMI
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shubhlaxmi Jewel Art Net Current Asset Value Calculation

Shubhlaxmi Jewel Art's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net Current Asset Value Per Share(A: Mar. 2023 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(322.685-157.267-0-0)/8.804
=18.79

Shubhlaxmi Jewel Art's Net Current Asset Value (NCAV) per share for the quarter that ended in Sep. 2025 is calculated as

Net Current Asset Value Per Share(Q: Sep. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(476.323-242.912-0-0)/10.612
=22.00

* 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 ₹22.00 mean?
Shubhlaxmi Jewel Art (NSE:SHUBHLAXMI) has a Net Current Asset Value of ₹22.00 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Shubhlaxmi Jewel Art and its competitors. According to the industry distribution chart, Shubhlaxmi Jewel Art ranks #73 out of 556 companies in the Retail - Cyclical industry, placing it in the top 13.1%.
Is Shubhlaxmi Jewel Art's Net Current Asset Value too high?
Shubhlaxmi Jewel Art's current Net Current Asset Value is ₹22.00. Based on the distribution chart, Shubhlaxmi Jewel Art ranks #73 out of 556 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shubhlaxmi Jewel Art has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Shubhlaxmi Jewel Art's Net Current Asset Value compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shubhlaxmi Jewel Art ranks #73 out of 556 companies for Net Current Asset Value. This places Shubhlaxmi Jewel Art in the top 13% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.27. 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.27, based on 556 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 Shubhlaxmi Jewel Art and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shubhlaxmi Jewel Art's current Net Current Asset Value is ₹22.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shubhlaxmi Jewel Art stock overvalued right now?
Shubhlaxmi Jewel Art (NSE:SHUBHLAXMI) has a current Net Current Asset Value of ₹22.00. The current Net Current Asset Value is ₹22.00. Shubhlaxmi Jewel Art's overall GF Score™ is 51/100 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 Shubhlaxmi Jewel Art (NSE:SHUBHLAXMI), the current Net Current Asset Value is ₹22.00 as of Sep. 2025. 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.

Shubhlaxmi Jewel Art Business Description

Address Waghawadi Road, D & I Excelus, Shop No. 1, Ground Floor, Takhteshwar, Hill Drive, Opposite Home School, Bhavnagar, GJ, IND, 364002
Shubhlaxmi Jewel Art Ltd is involved in the business of jewelry and ornaments in India. The business activities of the group include trading and third-party manufacturing of gold ornaments, gold bars, silver ornaments, gold jewelry, and diamond jewelry of various designs and specifications. Its portfolio includes necklaces, mangalsutras, patlas, chains, malas, kandoros, ponchos, payals, rings, armlets, pendants, nose rings, bracelets, bangles, and other wedding jewelry.
51GF Score

Get the complete analysis for NSE:SHUBHLAXMI

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹19.45
Price