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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.
Indian Energy Exchange's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ₹0.00.
The industry rank for Indian Energy Exchange's Net-Net Working Capital or its related term are showing as below:
NSE:IEX's Price-to-Net-Net-Working-Capital is ranked worse than 83.88% of 273
companies
in the Capital Markets industry
Industry Median: 4.5
vs NSE:IEX: 28.11
Indian Energy Exchange (NSE:IEX) 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.
Indian Energy Exchange Net-Net Working Capital Related Terms
Indian Energy Exchange Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Indian Energy Exchange'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.
Indian Energy Exchange Net-Net Working Capital Chart
NSE:IEX vs MS, GS, SCHW: Net-Net Working Capital Comparison
For the Capital Markets subindustry, Indian Energy Exchange'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.
Indian Energy Exchange Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Indian Energy Exchange's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Indian Energy Exchange'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 ₹0.00 mean?
Indian Energy Exchange (NSE:IEX) has a Net-Net Working Capital of ₹0.00 as of Jun. 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 Indian Energy Exchange According to the industry distribution chart, Indian Energy Exchange ranks #229 out of 273 companies in the Capital Markets industry, placing it in the top 83.9%.
Is Indian Energy Exchange's Net-Net Working Capital too high?
Indian Energy Exchange's current Net-Net Working Capital is ₹0.00. Based on the distribution chart, Indian Energy Exchange ranks #229 out of 273 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Indian Energy Exchange has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Energy Exchange's Net-Net Working Capital compare to MS and GS?
According to the Capital Markets industry distribution chart, Indian Energy Exchange ranks #229 out of 273 companies for Net-Net Working Capital. This places Indian Energy Exchange in the lower half of its industry. The industry median Net-Net Working Capital is 4.50. 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 Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 4.50, based on 273 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 Indian Energy Exchange For the Capital Markets industry, the median Net-Net Working Capital is 4.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Energy Exchange's current Net-Net Working Capital is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Energy Exchange stock overvalued right now?
Based on GuruFocus' analysis, Indian Energy Exchange (NSE:IEX) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹214.82, compared to a current price of ₹123.70 — trading 42.4% below its estimated fair value. The current Net-Net Working Capital is ₹0.00. Indian Energy Exchange's overall GF Score™ is 79/100 with 1 warning sign 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 Indian Energy Exchange (NSE:IEX), the current Net-Net Working Capital is ₹0.00 as of Jun. 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.
Is Indian Energy Exchange (NSE:IEX) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Energy Exchange stock appears to be undervalued.
The current stock price of ₹123.70 is trading 42.4% below its estimated GF Value™ of ₹214.82.
GuruFocus considers Indian Energy Exchange to be Significantly Undervalued.
Key valuation signals for NSE:IEX:
Net-Net Working Capital: ₹0.00
GF Value™: ₹214.82 vs. price of ₹123.70 (42.4% below fair value)
No single metric tells the full story. See the NSE:IEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Energy Exchange Ltd is an India-based power trading platform provider. It is a power exchange for spot trading in power/electricity, trading of Renewable Energy Certificates (REC), and Energy Saving Certificates (ESCerts). The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for the physical delivery of electricity.
79GF Score
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