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.
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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Bihar Sponge Iron's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ₹0.00.
The industry rank for Bihar Sponge Iron's Net-Net Working Capital or its related term are showing as below:
BOM:500058's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4.53 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bihar Sponge Iron (BOM:500058) Net-Net Working Capital Explanation
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 value. They are collected under our Net-Net screener.
Bihar Sponge Iron Net-Net Working Capital Related Terms
Bihar Sponge Iron Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Bihar Sponge Iron's Net-Net Working Capital 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.
BOM:500058 vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, Bihar Sponge Iron's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.
Bihar Sponge Iron Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, Bihar Sponge Iron's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bihar Sponge Iron's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of ₹0.00 mean?
Bihar Sponge Iron (BOM:500058) has a Net-Net Working Capital of ₹0.00 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Bihar Sponge Iron According to the industry distribution chart, Bihar Sponge Iron ranks #999999 out of 169 companies in the Steel industry.
Is Bihar Sponge Iron's Net-Net Working Capital too high?
Bihar Sponge Iron's current Net-Net Working Capital is ₹0.00. Based on the distribution chart, Bihar Sponge Iron ranks #999999 out of 169 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Bihar Sponge Iron has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bihar Sponge Iron's Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, Bihar Sponge Iron ranks #999999 out of 169 companies for Net-Net Working Capital. This places Bihar Sponge Iron in the lower half of its industry. The industry median Net-Net Working Capital is 4.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Steel company?
The median Net-Net Working Capital among Steel companies is 4.53, based on 169 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Bihar Sponge Iron For the Steel industry, the median Net-Net Working Capital is 4.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bihar Sponge Iron's current Net-Net Working Capital is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bihar Sponge Iron stock overvalued right now?
Based on GuruFocus' analysis, Bihar Sponge Iron (BOM:500058) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹7.40, compared to a current price of ₹13.01 — trading 75.8% above its estimated fair value. The current Net-Net Working Capital is ₹0.00. Bihar Sponge Iron's overall GF Score™ is 45/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Bihar Sponge Iron (BOM:500058), the current Net-Net Working Capital is ₹0.00 as of Jun. 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.
Is Bihar Sponge Iron (BOM:500058) Overvalued in 2026?
Based on GuruFocus' analysis, Bihar Sponge Iron stock appears to be overvalued.
The current stock price of ₹13.01 is trading 75.8% above its estimated GF Value™ of ₹7.40.
GuruFocus considers Bihar Sponge Iron to be Significantly Overvalued.
Key valuation signals for BOM:500058:
Net-Net Working Capital: ₹0.00
GF Value™: ₹7.40 vs. price of ₹13.01 (75.8% above fair value)
No single metric tells the full story. See the BOM:500058 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bihar Sponge Iron Ltd is India's first merchant sponge iron plant located in Jharkhand. It produces Direct Reduced Iron, commonly known as sponge iron, using indigenous iron ore and non-coking coal. Its plant uses coal-based rotary kiln technology for sponge iron production, with additional facilities such as crushing, sizing, and magnetic separation for raw materials. The plant is strategically located with excellent connectivity to many cities and transportation infrastructure. Bihar Sponge Iron also operates captive power plants to meet its energy needs efficiently. The company's sponge iron serves as a substitute for scrap in steelmaking electric arc and induction furnaces.
45GF Score
Get the complete analysis for BOM:500058
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:500058 has been successfully added to your 
