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Emerald Tyre ManufacturersNSE:ETML -0.73%17 Net-Net Working Capital is ₹-24.29 as of Mar. 2025. GuruFocus rates NSE:ETML with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 362 Vehicles & Parts companies, Emerald Tyre Manufacturers ranks worse than 276242.82% 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.
Emerald Tyre Manufacturers's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ₹-24.29.
The industry rank for Emerald Tyre Manufacturers's Net-Net Working Capital or its related term are showing as below:
NSE:ETML's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.21 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Emerald Tyre Manufacturers (NSE:ETML) 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.
Emerald Tyre Manufacturers Net-Net Working Capital Related Terms
Emerald Tyre Manufacturers 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.
Emerald Tyre Manufacturers Net-Net Working Capital Chart
Emerald Tyre Manufacturers Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Net-Net Working Capital
-26.11
-30.52
-30.71
-29.64
-24.29
Emerald Tyre Manufacturers Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Net-Net Working Capital
-26.11
-30.52
-30.71
-29.64
-24.29
NSE:ETML vs ORLY, AZO: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Emerald Tyre Manufacturers'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.
Emerald Tyre Manufacturers Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Emerald Tyre Manufacturers's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Emerald Tyre Manufacturers'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 ₹-24.29 mean?
Emerald Tyre Manufacturers (NSE:ETML) has a Net-Net Working Capital of ₹-24.29 as of Mar. 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 Emerald Tyre Manufacturers According to the industry distribution chart, Emerald Tyre Manufacturers ranks #999999 out of 362 companies in the Vehicles & Parts industry.
Is Emerald Tyre Manufacturers' Net-Net Working Capital too high?
Emerald Tyre Manufacturers' current Net-Net Working Capital is ₹-24.29. Based on the distribution chart, Emerald Tyre Manufacturers ranks #999999 out of 362 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Emerald Tyre Manufacturers has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Emerald Tyre Manufacturers' Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Emerald Tyre Manufacturers ranks #999999 out of 362 companies for Net-Net Working Capital. This places Emerald Tyre Manufacturers in the lower half of its industry. The industry median Net-Net Working Capital is 8.21. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 8.21, based on 362 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 Emerald Tyre Manufacturers For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerald Tyre Manufacturers's current Net-Net Working Capital is ₹-24.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerald Tyre Manufacturers stock overvalued right now?
Emerald Tyre Manufacturers (NSE:ETML) has a current Net-Net Working Capital of ₹-24.29. The current Net-Net Working Capital is ₹-24.29. Emerald Tyre Manufacturers' overall GF Score™ is 17/100 with 3 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 Emerald Tyre Manufacturers (NSE:ETML), the current Net-Net Working Capital is ₹-24.29 as of Mar. 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.
Emerald Tyre Manufacturers Ltd is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications, like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, etc.
17GF Score
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