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SRM ContractorsNSE:SRM +2.58%51 Net Current Asset Value is ₹41.51 as of Mar. 2026, which is 100% below its 10-year median of 6.52. GuruFocus rates NSE:SRM with a GF Score™ of 51/100. The stock has 1 warning sign investors should review. Among 1,063 Construction companies, SRM Contractors ranks worse than 82.97% 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).
SRM Contractors's net current asset value per share for the quarter that ended in Mar. 2026 was ₹41.51.
The historical rank and industry rank for SRM Contractors's Net Current Asset Value or its related term are showing as below:
NSE:SRM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.81 Med: 6.52 Max: 12.33
Current: 12.33
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of SRM Contractors was 12.33. The lowest was 3.81. And the median was 6.52.
NSE:SRM's Price-to-Net-Current-Asset-Value is ranked worse than 82.97% of 1063
companies
in the Construction industry
Industry Median: 3.2
vs NSE:SRM: 12.33
SRM Contractors (NSE:SRM) 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.
SRM Contractors Net Current Asset Value Related Terms
SRM Contractors Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for SRM Contractors'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:SRM vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, SRM Contractors'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.
SRM Contractors Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, SRM Contractors's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SRM Contractors'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 ₹41.51 mean?
SRM Contractors (NSE:SRM) has a Net Current Asset Value of ₹41.51 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 SRM Contractors and its competitors. This is 537% above median its historical median of 6.52. Over the past decade, SRM Contractors' Net Current Asset Value has ranged from 3.81 to 12.33. According to the industry distribution chart, SRM Contractors ranks #882 out of 1063 companies in the Construction industry, placing it in the top 83%.
Is SRM Contractors' Net Current Asset Value too high?
SRM Contractors' current Net Current Asset Value of ₹41.51 is 537% above median its 10-year median of 6.52. Over the past 10 years, this metric has ranged from a low of 3.81 to a high of 12.33. Based on the distribution chart, SRM Contractors ranks #882 out of 1063 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, SRM Contractors has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does SRM Contractors' Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, SRM Contractors ranks #882 out of 1063 companies for Net Current Asset Value. This places SRM Contractors in the lower half of its industry. The industry median Net Current Asset Value is 3.20. Historically, SRM Contractors' own Net Current Asset Value has ranged from 3.81 to 12.33 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 3.20, based on 1,063 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 SRM Contractors and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SRM Contractors's current Net Current Asset Value is ₹41.51, which is 537% above median its own 10-year median of 6.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SRM Contractors stock overvalued right now?
SRM Contractors (NSE:SRM) has a current Net Current Asset Value of ₹41.51. The current Net Current Asset Value is ₹41.51, which is 537% above median its 10-year median of 6.52. SRM Contractors' overall GF Score™ is 51/100 with 1 warning sign 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 SRM Contractors (NSE:SRM), the current Net Current Asset Value is ₹41.51 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.
SRM Contractors Ltd is an engineering, construction, and development company. It is engaged in the construction of roads (including bridges), tunnels, drainage systems, irrigation projects, food control infrastructure, slope stabilisation works, and other miscellaneous civil construction activities in Jammu and Kashmir and Ladakh. The business of the company is segregated into the following core service verticals: Road Projects, Tunnel Projects, Slope Stabilization, and Miscellaneous Civil Construction. It undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects.
51GF Score
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