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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.
Vigor Plast IndiaNSE:VIGOR -1.23%18 Net Current Asset Value is ₹2.90 as of Sep. 2025, which is 100% below its 10-year median of 29.31. GuruFocus rates NSE:VIGOR with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 1,058 Construction companies, Vigor Plast India ranks worse than 94.23% 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).
Vigor Plast India's net current asset value per share for the quarter that ended in Sep. 2025 was ₹2.90.
The historical rank and industry rank for Vigor Plast India's Net Current Asset Value or its related term are showing as below:
NSE:VIGOR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 29.31 Med: 29.31 Max: 36.47
Current: 36.02
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vigor Plast India was 36.47. The lowest was 29.31. And the median was 29.31.
NSE:VIGOR's Price-to-Net-Current-Asset-Value is ranked worse than 94.23% of 1058
companies
in the Construction industry
Industry Median: 3.2
vs NSE:VIGOR: 36.02
Vigor Plast India (NSE:VIGOR) 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.
Vigor Plast India Net Current Asset Value Related Terms
Vigor Plast India Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Vigor Plast India'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.
Vigor Plast India Net Current Asset Value Chart
Vigor Plast India Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Net Current Asset Value
-10.13
-10.06
-15.96
-16.02
Vigor Plast India Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Sep25
Net Current Asset Value
-10.13
-10.06
-15.96
-16.02
2.90
NSE:VIGOR vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Vigor Plast India'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.
Vigor Plast India Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Vigor Plast India's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vigor Plast India'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 ₹2.90 mean?
Vigor Plast India (NSE:VIGOR) has a Net Current Asset Value of ₹2.90 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 Vigor Plast India and its competitors. This is 90% below median its historical median of 29.31. Over the past decade, Vigor Plast India's Net Current Asset Value has ranged from 29.31 to 36.47. According to the industry distribution chart, Vigor Plast India ranks #997 out of 1058 companies in the Construction industry, placing it in the top 94.2%.
Is Vigor Plast India's Net Current Asset Value too high?
Vigor Plast India's current Net Current Asset Value of ₹2.90 is 90% below median its 10-year median of 29.31. Over the past 10 years, this metric has ranged from a low of 29.31 to a high of 36.47. Based on the distribution chart, Vigor Plast India ranks #997 out of 1058 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Vigor Plast India has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Vigor Plast India's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Vigor Plast India ranks #997 out of 1058 companies for Net Current Asset Value. This places Vigor Plast India in the lower half of its industry. The industry median Net Current Asset Value is 3.20. Historically, Vigor Plast India's own Net Current Asset Value has ranged from 29.31 to 36.47 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 1,058 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 Vigor Plast India 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. Vigor Plast India's current Net Current Asset Value is ₹2.90, which is 90% below median its own 10-year median of 29.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vigor Plast India stock overvalued right now?
Vigor Plast India (NSE:VIGOR) has a current Net Current Asset Value of ₹2.90. The current Net Current Asset Value is ₹2.90, which is 90% below median its 10-year median of 29.31. Vigor Plast India's overall GF Score™ is 18/100 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 Vigor Plast India (NSE:VIGOR), the current Net Current Asset Value is ₹2.90 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.
Vigor Plast India Ltd is focused on the trading of PVC pipes and fittings. It is engaged in producing Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC), and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products. It is a manufacturer and supplier of a comprehensive range of Polyvinyl Chloride (PVC), Unplasticized Polyvinyl Chloride (uPVC), and Chlorinated Polyvinyl Chloride (cPVC) pipes, fittings, and related products for various applications in plumbing, irrigation, and SWR (Soil, Waste, and Rainwater) management. The company caters to both rural and urban markets and provides longlasting solutions for water distribution, wastewater management, and drainage.
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