Happy Square Outsourcing ServicesNSE:WHITEFORCE -4.96%18 Net Current Asset Value is ₹32.07 as of Mar. 2026, which is 100% below its 10-year median of 1.03. GuruFocus rates NSE:WHITEFORCE with a GF Score™ of 18/100. The stock has 5 warning signs investors should review. Among 624 Business Services companies, Happy Square Outsourcing Services ranks better than 87.98% 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).
The historical rank and industry rank for Happy Square Outsourcing Services's Net Current Asset Value or its related term are showing as below:
NSE:WHITEFORCE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.03 Med: 1.03 Max: 1.39
Current: 1.14
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Happy Square Outsourcing Services was 1.39. The lowest was 1.03. And the median was 1.03.
NSE:WHITEFORCE's Price-to-Net-Current-Asset-Value is ranked better than 87.98% of 624
companies
in the Business Services industry
Industry Median: 3.72
vs NSE:WHITEFORCE: 1.14
Happy Square Outsourcing Services (NSE:WHITEFORCE) 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.
Happy Square Outsourcing Services Net Current Asset Value Related Terms
Happy Square Outsourcing Services Net Current Asset Value Historical Data
* 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.
Happy Square Outsourcing Services Net Current Asset Value Chart
Happy Square Outsourcing Services Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Net Current Asset Value
-0.38
1.80
6.85
32.07
Happy Square Outsourcing Services Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Net Current Asset Value
-0.38
1.80
6.85
32.07
NSE:WHITEFORCE vs KFY, RHI, TNET: Net Current Asset Value Comparison
For the Staffing & Employment Services subindustry, Happy Square Outsourcing Services'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.
Happy Square Outsourcing Services Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Happy Square Outsourcing Services's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Happy Square Outsourcing Services'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 ₹32.07 mean?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a Net Current Asset Value of ₹32.07 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 Happy Square Outsourcing Services and its competitors. This is 3014% above median its historical median of 1.03. Over the past decade, Happy Square Outsourcing Services' Net Current Asset Value has ranged from 1.03 to 1.39. According to the industry distribution chart, Happy Square Outsourcing Services ranks #75 out of 624 companies in the Business Services industry, placing it in the top 12%.
Is Happy Square Outsourcing Services' Net Current Asset Value too high?
Happy Square Outsourcing Services' current Net Current Asset Value of ₹32.07 is 3014% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 1.39. Based on the distribution chart, Happy Square Outsourcing Services ranks #75 out of 624 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Happy Square Outsourcing Services has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Happy Square Outsourcing Services' Net Current Asset Value compare to KFY and RHI?
According to the Business Services industry distribution chart, Happy Square Outsourcing Services ranks #75 out of 624 companies for Net Current Asset Value. This places Happy Square Outsourcing Services in the top 12% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.72. Historically, Happy Square Outsourcing Services' own Net Current Asset Value has ranged from 1.03 to 1.39 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.72, based on 624 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 Happy Square Outsourcing Services and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happy Square Outsourcing Services's current Net Current Asset Value is ₹32.07, which is 3014% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happy Square Outsourcing Services stock overvalued right now?
Happy Square Outsourcing Services (NSE:WHITEFORCE) has a current Net Current Asset Value of ₹32.07. The current Net Current Asset Value is ₹32.07, which is 3014% above median its 10-year median of 1.03. Happy Square Outsourcing Services' 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 Happy Square Outsourcing Services (NSE:WHITEFORCE), the current Net Current Asset Value is ₹32.07 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.
Happy Square Outsourcing Services Business Description
Happy Square Outsourcing Services Ltd is a technology-based consulting firm, involved in tech-based human resource outsourcing business, which focuses on end-to-end solutions. It offers a wide array of services such as Recruitment, Payroll, Onboarding, and flexible staffing. Its comprehensive network, structured processes, professionalism, and work ethics ensure that the company remains at the top on the domestic scale. The company satisfies firms' staffing and recruitment needs in India through its specialized, rich knowledge.
18GF Score
Get the complete analysis for NSE:WHITEFORCE
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:WHITEFORCE has been successfully added to your 