Vibhor Steel TubesNSE:VSTL -1.02%44 Net Current Asset Value is ₹-3.36 as of Mar. 2026. GuruFocus rates NSE:VSTL with a GF Score™ of 44/100. The stock has 3 warning signs investors should review. Among 367 Steel companies, Vibhor Steel Tubes ranks worse than 272479.29% 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).
Vibhor Steel Tubes's net current asset value per share for the quarter that ended in Mar. 2026 was ₹-3.36.
The historical rank and industry rank for Vibhor Steel Tubes's Net Current Asset Value or its related term are showing as below:
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vibhor Steel Tubes was 7.26. The lowest was 6.18. And the median was 6.72.
NSE:VSTL's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 2.99 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Vibhor Steel Tubes (NSE:VSTL) 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.
Vibhor Steel Tubes Net Current Asset Value Related Terms
Vibhor Steel Tubes Net Current Asset Value Historical Data
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The historical data trend for Vibhor Steel Tubes'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:VSTL vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Vibhor Steel Tubes'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.
Vibhor Steel Tubes Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vibhor Steel Tubes'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 ₹-3.36 mean?
Vibhor Steel Tubes (NSE:VSTL) has a Net Current Asset Value of ₹-3.36 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 Vibhor Steel Tubes and its competitors. Over the past decade, Vibhor Steel Tubes' Net Current Asset Value has ranged from 6.18 to 7.26. According to the industry distribution chart, Vibhor Steel Tubes ranks #999999 out of 367 companies in the Steel industry.
Is Vibhor Steel Tubes' Net Current Asset Value too high?
Vibhor Steel Tubes' current Net Current Asset Value is ₹-3.36. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 7.26. Based on the distribution chart, Vibhor Steel Tubes ranks #999999 out of 367 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vibhor Steel Tubes has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Vibhor Steel Tubes' Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Vibhor Steel Tubes ranks #999999 out of 367 companies for Net Current Asset Value. This places Vibhor Steel Tubes in the lower half of its industry. The industry median Net Current Asset Value is 2.99. Historically, Vibhor Steel Tubes' own Net Current Asset Value has ranged from 6.18 to 7.26 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.99, based on 367 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 Vibhor Steel Tubes and its competitors. For the Steel industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vibhor Steel Tubes's current Net Current Asset Value is ₹-3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vibhor Steel Tubes stock overvalued right now?
Vibhor Steel Tubes (NSE:VSTL) has a current Net Current Asset Value of ₹-3.36. The current Net Current Asset Value is ₹-3.36. Vibhor Steel Tubes' overall GF Score™ is 44/100 with 3 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 Vibhor Steel Tubes (NSE:VSTL), the current Net Current Asset Value is ₹-3.36 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.
Vibhor Steel Tubes Ltd is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, and others.
44GF Score
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