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Electrosteel Castings (NSE:ELECTCAST) Net-Net Working Capital : ₹-16.93 (As of Mar. 2025)


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What is Electrosteel Castings 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.

Electrosteel Castings's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ₹-16.93.

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

NSE:ELECTCAST's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 5.34
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Electrosteel Castings Net-Net Working Capital Historical Data

The historical data trend for Electrosteel Castings'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.

Electrosteel Castings Net-Net Working Capital Chart

Electrosteel Castings Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -37.46 -33.36 -29.34 -21.54 -16.93

Electrosteel Castings Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -21.54 - -15.66 - -16.93

Competitive Comparison of Electrosteel Castings's Net-Net Working Capital

For the Building Products & Equipment subindustry, Electrosteel Castings'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.


Electrosteel Castings's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Electrosteel Castings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


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Electrosteel Castings Net-Net Working Capital Calculation

Electrosteel Castings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2025 is calculated as

Net-Net Working Capital(A: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5229.865+0.75 * 14827.445+0.5 * 24639.719-39125.958
-0-11.266)/618.185
=-16.93

Electrosteel Castings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5229.865+0.75 * 14827.445+0.5 * 24639.719-39125.958
-0-11.266)/618.185
=-16.93

* 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.


Electrosteel Castings  (NSE:ELECTCAST) 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.


Electrosteel Castings Net-Net Working Capital Related Terms

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Electrosteel Castings Business Description

Traded in Other Exchanges
Address
19, Camac Street, G.K. Tower, Kolkata, WB, IND, 700017
Electrosteel Castings Ltd is a pipeline solution provider. The business activity of the firm is the manufacturing of ductile iron pipes, fittings, and cast-iron pipes. It offers a range of pipes which includes DI pipes, Electrolock pipes, and DI flanged pipes among others. In addition, it also produces Pig Iron, Metallurgical Coke, Sponge Iron, Sinter, Cement, Ferro products, Paint and Power. The company has one reportable segment namely, Pipes and Fittings, and all other activities revolve around the main business. Geographically, it derives a majority of its revenue within India and also has its presence in international markets through exports of its products.

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