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Aeron Composite (NSE:AERON) Net-Net Working Capital : ₹-5.27 (As of Mar. 2023)


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What is Aeron Composite Net-Net Working Capital?

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.

Aeron Composite's Net-Net Working Capital for the quarter that ended in Mar. 2023 was ₹-5.27.

The industry rank for Aeron Composite's Net-Net Working Capital or its related term are showing as below:

NSE:AERON's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.6
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Aeron Composite Net-Net Working Capital Historical Data

The historical data trend for Aeron Composite'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.

* Premium members only.

Aeron Composite Net-Net Working Capital Chart

Aeron Composite Annual Data
Trend Mar21 Mar22 Mar23
Net-Net Working Capital
-6.09 -10.73 -5.27

Aeron Composite Semi-Annual Data
Mar21 Mar22 Mar23
Net-Net Working Capital -6.09 -10.73 -5.27

Competitive Comparison of Aeron Composite's Net-Net Working Capital

For the Conglomerates subindustry, Aeron Composite'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.


Aeron Composite's Price-to-Net-Net-Working-Capital Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aeron Composite's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Aeron Composite's Price-to-Net-Net-Working-Capital falls into.


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Aeron Composite Net-Net Working Capital Calculation

Aeron Composite's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19.066+0.75 * 310.766+0.5 * 191.23-437.425
-0-0)/17.020
=-5.27

Aeron Composite's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2023 is calculated as

Net-Net Working Capital(Q: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(19.066+0.75 * 310.766+0.5 * 191.23-437.425
-0-0)/17.020
=-5.27

* 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.


Aeron Composite  (NSE:AERON) 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.


Aeron Composite Net-Net Working Capital Related Terms

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Aeron Composite Business Description

Traded in Other Exchanges
N/A
Address
Sarkhej Bavla Highway, Saket Industrial Estate, Plot No. 30/31, Opposite HOF Furniture, Changodar, Moraiya, GJ, IND, 382213
Aeron Composite Ltd is engaged in the business of manufacturing and supplying ceramic refractories, FRP/GRP composites, ceramic tiles, waterjet and laser cutting machines, paints, and lime. It offers complete solutions which include conceptual design, prototype development, testing, manufacturing, logistic support, installation, and comprehensive after sales service. The company's products are used in various markets and applications such as water and waste water, metals and mining, oil and gas, pulp and paper, transportation, telecommunications, pharmaceutical, chemical, etc. Geographically, it caters to both the domestic and the international markets of which, maximum revenue is derived from its customers located outside India.

Aeron Composite Headlines

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