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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.
Avro IndiaNSE:AVROIND -3.58%71 Net-Net Working Capital is ₹3.24 as of Mar. 2026. GuruFocus rates NSE:AVROIND with a GF Score™ of 71/100 and a GF Value™ of ₹12.56 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 176 Furnishings, Fixtures & Appliances companies, Avro India ranks better than 78.41% on this metric.
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.
Avro India's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹3.24.
The industry rank for Avro India's Net-Net Working Capital or its related term are showing as below:
NSE:AVROIND's Price-to-Net-Net-Working-Capital is ranked better than 78.41% of 176
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 6.615
vs NSE:AVROIND: 2.66
Avro India (NSE:AVROIND) 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.
Avro India Net-Net Working Capital Related Terms
Avro India Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Avro India'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.
NSE:AVROIND vs SN, SGI, MHK: Net-Net Working Capital Comparison
For the Furnishings, Fixtures & Appliances subindustry, Avro India'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.
Avro India Price-to-Net-Net-Working-Capital vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Avro India's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Avro India'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 ₹3.24 mean?
Avro India (NSE:AVROIND) has a Net-Net Working Capital of ₹3.24 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 Avro India According to the industry distribution chart, Avro India ranks #38 out of 176 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 21.6%.
Is Avro India's Net-Net Working Capital too high?
Avro India's current Net-Net Working Capital is ₹3.24. Based on the distribution chart, Avro India ranks #38 out of 176 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Avro India has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Avro India's Net-Net Working Capital compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Avro India ranks #38 out of 176 companies for Net-Net Working Capital. This places Avro India in the top 22% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.62. 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 Furnishings, Fixtures & Appliances company?
The median Net-Net Working Capital among Furnishings, Fixtures & Appliances companies is 6.62, based on 176 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 Avro India For the Furnishings, Fixtures & Appliances industry, the median Net-Net Working Capital is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avro India's current Net-Net Working Capital is ₹3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avro India stock overvalued right now?
Based on GuruFocus' analysis, Avro India (NSE:AVROIND) is currently considered Possible Value Trap. The stock's GF Value™ is ₹12.56, compared to a current price of ₹8.63 — trading 31.3% below its estimated fair value. The current Net-Net Working Capital is ₹3.24. Avro India's overall GF Score™ is 71/100 with 4 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 Avro India (NSE:AVROIND), the current Net-Net Working Capital is ₹3.24 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 Avro India (NSE:AVROIND) Overvalued in 2026?
Based on GuruFocus' analysis, Avro India stock appears to be undervalued.
The current stock price of ₹8.63 is trading 31.3% below its estimated GF Value™ of ₹12.56.
GuruFocus considers Avro India to be Possible Value Trap.
Key valuation signals for NSE:AVROIND:
Net-Net Working Capital: ₹3.24
GF Value™: ₹12.56 vs. price of ₹8.63 (31.3% below fair value)
No single metric tells the full story. See the NSE:AVROIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avro India Ltd is engaged in manufacturing and selling plastic molded furniture and granules. The firm manufactures products under the brand name Avon and Avro Furniture. The product portfolio of the company includes molded chairs, molded stools, molded tables, molded bay chairs, and baby desks. The products are sold in U.P, Punjab, Haryana, Delhi, Rajasthan, and across north India. Its products are used in Auditoriums, Schools, Colleges, Restaurants, Hotels, Homes, Gardens and others.
71GF Score
Get the complete analysis for NSE:AVROIND
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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