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Everest Kanto Cylinder (NSE:EKC) Net-Net Working Capital : ₹17.25 (As of Mar. 2024)


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What is Everest Kanto Cylinder 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.

Everest Kanto Cylinder's Net-Net Working Capital for the quarter that ended in Mar. 2024 was ₹17.25.

The industry rank for Everest Kanto Cylinder's Net-Net Working Capital or its related term are showing as below:

NSE:EKC's Price-to-Net-Net-Working-Capital is ranked worse than
52.48% of 1370 companies
in the Industrial Products industry
Industry Median: 6.96 vs NSE:EKC: 7.47

Everest Kanto Cylinder Net-Net Working Capital Historical Data

The historical data trend for Everest Kanto Cylinder'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.

Everest Kanto Cylinder Net-Net Working Capital Chart

Everest Kanto Cylinder Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.78 -7.89 3.48 6.78 17.25

Everest Kanto Cylinder Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.78 - 13.55 - 17.25

Competitive Comparison of Everest Kanto Cylinder's Net-Net Working Capital

For the Specialty Industrial Machinery subindustry, Everest Kanto Cylinder'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.


Everest Kanto Cylinder's Price-to-Net-Net-Working-Capital Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Everest Kanto Cylinder's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Everest Kanto Cylinder's Price-to-Net-Net-Working-Capital falls into.



Everest Kanto Cylinder Net-Net Working Capital Calculation

Everest Kanto Cylinder'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)
=(1358.8+0.75 * 1729.1+0.5 * 4812.7-3129.9
-0--3.4)/112.208
=17.25

Everest Kanto Cylinder'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)
=(1358.8+0.75 * 1729.1+0.5 * 4812.7-3129.9
-0--3.4)/112.208
=17.25

* 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.


Everest Kanto Cylinder  (NSE:EKC) 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.


Everest Kanto Cylinder Net-Net Working Capital Related Terms

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Everest Kanto Cylinder (NSE:EKC) Business Description

Traded in Other Exchanges
Address
Free Press Journal Marg, 204, Raheja Centre, 214, Nariman Point, Mumbai, MH, IND, 400021
Everest Kanto Cylinder Ltd manufactures and fabricates metal products, except machinery and equipment. The firm is also engaged in the manufacture of high-pressure seamless gas cylinders and other cylinders, equipment, appliances, and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and other gases, liquids, and air. Its products include Industrial Cylinders, Billet Cylinder, Plate Cylinder, compressed natural gas (CNG) Cylinders, Breathing Air Cylinder, Medical Cylinders, Beverage Cylinders, and Accumulators. The company also offers a range of allied products, such as Cylinder Valves, Valve Protection Guards; Protection Caps, Trolleys, Medical Equipment, seamless cylinders for fire-fighting. Most of its revenue comes from India.

Everest Kanto Cylinder (NSE:EKC) Headlines

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