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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.
NSE:HDIL's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.48 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Housing Development & Infrastructure (NSE:HDIL) 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.
Housing Development & Infrastructure Net-Net Working Capital Related Terms
Housing Development & Infrastructure 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.
Housing Development & Infrastructure Net-Net Working Capital Chart
Housing Development & Infrastructure Net-Net Working Capital Competitor Comparison
For the Real Estate - Diversified subindustry, Housing Development & Infrastructure'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.
Housing Development & Infrastructure Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Housing Development & Infrastructure's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Housing Development & Infrastructure'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 ₹-92.04 mean?
Housing Development & Infrastructure (NSE:HDIL) has a Net-Net Working Capital of ₹-92.04 as of Sep. 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 Housing Development & Infrastructure According to the industry distribution chart, Housing Development & Infrastructure ranks #999999 out of 325 companies in the Real Estate industry.
Is Housing Development & Infrastructure's Net-Net Working Capital too high?
Housing Development & Infrastructure's current Net-Net Working Capital is ₹-92.04. Based on the distribution chart, Housing Development & Infrastructure ranks #999999 out of 325 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Housing Development & Infrastructure has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Housing Development & Infrastructure's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Housing Development & Infrastructure ranks #999999 out of 325 companies for Net-Net Working Capital. This places Housing Development & Infrastructure in the lower half of its industry. The industry median Net-Net Working Capital is 4.48. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.48, based on 325 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 Housing Development & Infrastructure For the Real Estate industry, the median Net-Net Working Capital is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Housing Development & Infrastructure's current Net-Net Working Capital is ₹-92.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Housing Development & Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Housing Development & Infrastructure (NSE:HDIL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹5.25, compared to a current price of ₹1.52 — trading 71% below its estimated fair value. The current Net-Net Working Capital is ₹-92.04. Housing Development & Infrastructure's overall GF Score™ is 41/100 with 5 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 Housing Development & Infrastructure (NSE:HDIL), the current Net-Net Working Capital is ₹-92.04 as of Sep. 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.
Is Housing Development & Infrastructure (NSE:HDIL) Overvalued in 2026?
Based on GuruFocus' analysis, Housing Development & Infrastructure stock appears to be undervalued.
The current stock price of ₹1.52 is trading 71% below its estimated GF Value™ of ₹5.25.
GuruFocus considers Housing Development & Infrastructure to be Possible Value Trap.
Key valuation signals for NSE:HDIL:
Net-Net Working Capital: ₹-92.04
GF Value™: ₹5.25 vs. price of ₹1.52 (71% below fair value)
No single metric tells the full story. See the NSE:HDIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Housing Development & Infrastructure Ltd is engaged in the business of real estate construction, development of residential and commercial properties, infrastructure facilities and other related activities. The company operates across multiple segments of the real estate sector, including residential, commercial, retail, slum rehabilitation, and land development projects. Its residential portfolio includes apartment complexes, residential towers, and township developments, while its commercial activities include office space and multiplex cinema developments. The company is also involved in the development of retail properties such as shopping malls.
41GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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