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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.
The industry rank for ARC Insulation & Insulators's Net-Net Working Capital or its related term are showing as below:
NSE:ARCIIL's Price-to-Net-Net-Working-Capital is ranked better than 93.22% of 472
companies
in the Construction industry
Industry Median: 6.56
vs NSE:ARCIIL: 1.29
ARC Insulation & Insulators (NSE:ARCIIL) 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.
ARC Insulation & Insulators Net-Net Working Capital Related Terms
ARC Insulation & Insulators Net-Net Working Capital 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.
ARC Insulation & Insulators Net-Net Working Capital Chart
ARC Insulation & Insulators Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Net-Net Working Capital
-5.02
-4.70
-2.92
-0.40
ARC Insulation & Insulators Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Sep25
Net-Net Working Capital
-5.02
-4.70
-2.92
-0.40
29.08
NSE:ARCIIL vs TT, JCI, CARR: Net-Net Working Capital Comparison
For the Building Products & Equipment subindustry, ARC Insulation & Insulators'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.
ARC Insulation & Insulators Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, ARC Insulation & Insulators's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ARC Insulation & Insulators'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 ₹29.08 mean?
ARC Insulation & Insulators (NSE:ARCIIL) has a Net-Net Working Capital of ₹29.08 as of Sep. 2025. 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 ARC Insulation & Insulators According to the industry distribution chart, ARC Insulation & Insulators ranks #32 out of 472 companies in the Construction industry, placing it in the top 6.8%.
Is ARC Insulation & Insulators' Net-Net Working Capital too high?
ARC Insulation & Insulators' current Net-Net Working Capital is ₹29.08. Based on the distribution chart, ARC Insulation & Insulators ranks #32 out of 472 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, ARC Insulation & Insulators has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ARC Insulation & Insulators' Net-Net Working Capital compare to TT and JCI?
According to the Construction industry distribution chart, ARC Insulation & Insulators ranks #32 out of 472 companies for Net-Net Working Capital. This places ARC Insulation & Insulators in the top 7% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.56. 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 6.56, based on 472 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 ARC Insulation & Insulators For the Construction industry, the median Net-Net Working Capital is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARC Insulation & Insulators's current Net-Net Working Capital is ₹29.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARC Insulation & Insulators stock overvalued right now?
ARC Insulation & Insulators (NSE:ARCIIL) has a current Net-Net Working Capital of ₹29.08. The current Net-Net Working Capital is ₹29.08. ARC Insulation & Insulators' overall GF Score™ is 21/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For ARC Insulation & Insulators (NSE:ARCIIL), the current Net-Net Working Capital is ₹29.08 as of Sep. 2025. 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.
ARC Insulation & Insulators Ltd specializes in the manufacturing and supply of Glass Fiber Reinforced Polymers, Fiber Reinforced Polymers Products (FRP) composite/constituency products which provides corrosion-resistant, tensile strength and insulating Glass Fiber Reinforced Polymer (GFRP) solutions which can be used as a substitute for steel bars/rebars. It produces dent-resistant, low thermal expansion, corrosion resistant, and insulating GFRP. Its offerings include GFRP Rebars, GFRP Granting Walkways, GFRP Pipelines, GFRP Tubes, GFRP Fencing for Transformers, GFRP Cable Trays, and other related products designed for industrial, energy and marine's sectors construction and industrial applications.
21GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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