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Hindprakash Industries Ltd (NSE:HPIL) Net-Net Working Capital : ₹-3.05 (As of Mar. 2025)


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What is Hindprakash Industries Ltd 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.

Hindprakash Industries Ltd's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ₹-3.05.

The industry rank for Hindprakash Industries Ltd's Net-Net Working Capital or its related term are showing as below:

NSE:HPIL's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.81
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Hindprakash Industries Ltd Net-Net Working Capital Historical Data

The historical data trend for Hindprakash Industries Ltd'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.

Hindprakash Industries Ltd Net-Net Working Capital Chart

Hindprakash Industries Ltd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only 5.58 7.87 -3.65 -3.93 -3.05

Hindprakash Industries Ltd Quarterly Data
Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 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 -3.93 - -3.54 - -3.05

Competitive Comparison of Hindprakash Industries Ltd's Net-Net Working Capital

For the Specialty Chemicals subindustry, Hindprakash Industries Ltd'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.


Hindprakash Industries Ltd's Price-to-Net-Net-Working-Capital Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindprakash Industries Ltd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Hindprakash Industries Ltd's Price-to-Net-Net-Working-Capital falls into.


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Hindprakash Industries Ltd Net-Net Working Capital Calculation

Hindprakash Industries Ltd'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)
=(39.971+0.75 * 315.481+0.5 * 205.013-413.93
-0-0)/11.424
=-3.05

Hindprakash Industries Ltd'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)
=(39.971+0.75 * 315.481+0.5 * 205.013-413.93
-0-0)/11.424
=-3.05

* 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.


Hindprakash Industries Ltd  (NSE:HPIL) 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.


Hindprakash Industries Ltd Net-Net Working Capital Related Terms

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Hindprakash Industries Ltd Business Description

Traded in Other Exchanges
Address
301, Hindprakash House, Plot No. 10/6, Phase-I, GIDC, Vatva, Ahmedabad, GJ, IND, 382 445
Hindprakash Industries Ltd is an Indian company engaged in the manufacturing, dealing, and trading of dyes, intermediates, auxiliary, chemicals, and other merchandise. The company's products include Dyestuff, Dyes intermediates, Textile chemicals and aux, and Water treatments. It earns revenues from the manufacturing of dyes.

Hindprakash Industries Ltd Headlines