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Exim RoutesNSE:EXIMROUTES -8.01%21 Net-Net Working Capital is ₹14.29 as of Mar. 2026. GuruFocus rates NSE:EXIMROUTES with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 60 Waste Management companies, Exim Routes ranks worse than 68.33% 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.
Exim Routes's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹14.29.
The industry rank for Exim Routes's Net-Net Working Capital or its related term are showing as below:
NSE:EXIMROUTES's Price-to-Net-Net-Working-Capital is ranked worse than 68.33% of 60
companies
in the Waste Management industry
Industry Median: 6.225
vs NSE:EXIMROUTES: 7.86
Exim Routes (NSE:EXIMROUTES) 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.
Exim Routes Net-Net Working Capital Related Terms
Exim Routes Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Exim Routes'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.
Exim Routes Net-Net Working Capital Chart
Exim Routes Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Net-Net Working Capital
-1.20
-1.74
1.20
14.29
Exim Routes Semi-Annual Data
Sep25
Mar26
Net-Net Working Capital
-1.12
14.29
NSE:EXIMROUTES vs WM, RSG, WCN: Net-Net Working Capital Comparison
For the Waste Management subindustry, Exim Routes'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.
Exim Routes Price-to-Net-Net-Working-Capital vs Waste Management Industry
For the Waste Management industry and Industrials sector, Exim Routes's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Exim Routes'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 ₹14.29 mean?
Exim Routes (NSE:EXIMROUTES) has a Net-Net Working Capital of ₹14.29 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 Exim Routes According to the industry distribution chart, Exim Routes ranks #41 out of 60 companies in the Waste Management industry, placing it in the top 68.3%.
Is Exim Routes' Net-Net Working Capital too high?
Exim Routes' current Net-Net Working Capital is ₹14.29. Based on the distribution chart, Exim Routes ranks #41 out of 60 companies in the Waste Management industry, which is below the industry midpoint. Overall, Exim Routes has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Exim Routes' Net-Net Working Capital compare to WM and RSG?
According to the Waste Management industry distribution chart, Exim Routes ranks #41 out of 60 companies for Net-Net Working Capital. This places Exim Routes in the lower half of its industry. The industry median Net-Net Working Capital is 6.23. 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 Waste Management company?
The median Net-Net Working Capital among Waste Management companies is 6.23, based on 60 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 Exim Routes For the Waste Management industry, the median Net-Net Working Capital is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exim Routes's current Net-Net Working Capital is ₹14.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exim Routes stock overvalued right now?
Exim Routes (NSE:EXIMROUTES) has a current Net-Net Working Capital of ₹14.29. The current Net-Net Working Capital is ₹14.29. Exim Routes' overall GF Score™ is 21/100 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 Exim Routes (NSE:EXIMROUTES), the current Net-Net Working Capital is ₹14.29 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.
Exim Routes Ltd operates as a platform facilitating the exchange of recyclable paper materials, providing services to Indian paper mills that include sourcing and procurement of waste paper, quality assurance, and logistics. To support its operations, it has developed the Exim Routes Intelligence System (ERIS), an AI-powered B2B digital platform designed to perform four primary functions: Supply Chain Operations and Offer Management, Customer and Partner Enablement, Market Intelligence and Data Layer, and Logistics Integration.
21GF Score
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