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Electro Force (India) (NSE:EFORCE) Net-Net Working Capital : ₹-2.66 (As of Mar. 2024)


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What is Electro Force (India) 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.

Electro Force (India)'s Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹-2.66.

The industry rank for Electro Force (India)'s Net-Net Working Capital or its related term are showing as below:

NSE:EFORCE's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.35
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Electro Force (India) Net-Net Working Capital Historical Data

The historical data trend for Electro Force (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.

* Premium members only.

Electro Force (India) Net-Net Working Capital Chart

Electro Force (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
-4.11 -9.92 -17.81 -2.66

Electro Force (India) Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24
Net-Net Working Capital -4.11 -9.92 -17.81 -18.03 -2.66

Competitive Comparison of Electro Force (India)'s Net-Net Working Capital

For the Electrical Equipment & Parts subindustry, Electro Force (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.


Electro Force (India)'s Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Electro Force (India)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Electro Force (India)'s Price-to-Net-Net-Working-Capital falls into.


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Electro Force (India) Net-Net Working Capital Calculation

Electro Force (India)'s Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.51+0.75 * 42.104+0.5 * 98.235-154.487
-0-0)/23.400
=-2.66

Electro Force (India)'s Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2024 is calculated as

Net-Net Working Capital(Q: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.51+0.75 * 42.104+0.5 * 98.235-154.487
-0-0)/23.400
=-2.66

* 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.


Electro Force (India)  (NSE:EFORCE) 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.


Electro Force (India) Net-Net Working Capital Related Terms

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Electro Force (India) Business Description

Traded in Other Exchanges
N/A
Address
39/5, Mauje Waliv Vasai (East), Taluka - Vasai East, District - Palghar, Thane, MH, IND, 401 208
Electro Force (India) Ltd is engaged in designing and manufacturing precision sheet metal components, plastic injection moldings, and related assemblies. It includes product designing, prototyping, and process development for precision sheet metal components & plastic products & assemblies for the electrical & switchgear industry. The Company conducts its business in only one Geographical Segment which is India.

Electro Force (India) Headlines

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