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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.
Ashoka Buildcon's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹-148.52.
The industry rank for Ashoka Buildcon's Net-Net Working Capital or its related term are showing as below:
BOM:533271's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.22 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ashoka Buildcon (BOM:533271) 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.
Ashoka Buildcon Net-Net Working Capital Related Terms
Ashoka Buildcon Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ashoka Buildcon'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:533271 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Ashoka Buildcon'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.
Ashoka Buildcon Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Ashoka Buildcon's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ashoka Buildcon'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 ₹-148.52 mean?
Ashoka Buildcon (BOM:533271) has a Net-Net Working Capital of ₹-148.52 as of Mar. 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 Ashoka Buildcon According to the industry distribution chart, Ashoka Buildcon ranks #999999 out of 486 companies in the Construction industry.
Is Ashoka Buildcon's Net-Net Working Capital too high?
Ashoka Buildcon's current Net-Net Working Capital is ₹-148.52. Based on the distribution chart, Ashoka Buildcon ranks #999999 out of 486 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ashoka Buildcon has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Buildcon's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Ashoka Buildcon ranks #999999 out of 486 companies for Net-Net Working Capital. This places Ashoka Buildcon in the lower half of its industry. The industry median Net-Net Working Capital is 6.22. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.22, based on 486 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 Ashoka Buildcon For the Construction industry, the median Net-Net Working Capital is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashoka Buildcon's current Net-Net Working Capital is ₹-148.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Buildcon stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Buildcon (BOM:533271) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹150.53, compared to a current price of ₹128.60 — trading 14.6% below its estimated fair value. The current Net-Net Working Capital is ₹-148.52. Ashoka Buildcon's overall GF Score™ is 82/100 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 Ashoka Buildcon (BOM:533271), the current Net-Net Working Capital is ₹-148.52 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.
Is Ashoka Buildcon (BOM:533271) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Buildcon stock appears to be undervalued.
The current stock price of ₹128.60 is trading 14.6% below its estimated GF Value™ of ₹150.53.
GuruFocus considers Ashoka Buildcon to be Modestly Undervalued.
Key valuation signals for BOM:533271:
Net-Net Working Capital: ₹-148.52
GF Value™: ₹150.53 vs. price of ₹128.60 (14.6% below fair value)
No single metric tells the full story. See the BOM:533271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: Construction and Contract Related Activities, which includes engineering, procurement, and construction of infrastructure projects; Build, Operate, and Transfer, which involves annuity-based infrastructure development under BOT and annuity models; and Sale of Goods, which mainly consists of the sale of construction materials, including RMC and real estate. The company operates across India, with the majority of its revenue generated from construction and contract-related activities.
82GF Score
Get the complete analysis for BOM:533271
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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