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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:IMPAL's Price-to-Net-Net-Working-Capital is ranked worse than 92.25% of 374
companies
in the Vehicles & Parts industry
Industry Median: 8.135
vs NSE:IMPAL: 84.44
India Motor Parts & Accessories (NSE:IMPAL) 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.
India Motor Parts & Accessories Net-Net Working Capital Related Terms
India Motor Parts & Accessories 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.
India Motor Parts & Accessories Net-Net Working Capital Chart
NSE:IMPAL vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, India Motor Parts & Accessories'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.
India Motor Parts & Accessories Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, India Motor Parts & Accessories's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where India Motor Parts & Accessories'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.
India Motor Parts & Accessories (NSE:IMPAL) has a Net-Net Working Capital of ₹ 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 India Motor Parts & Accessories According to the industry distribution chart, India Motor Parts & Accessories ranks #345 out of 374 companies in the Vehicles & Parts industry, placing it in the top 92.2%.
Is India Motor Parts & Accessories' Net-Net Working Capital too high?
India Motor Parts & Accessories' current Net-Net Working Capital is ₹. Based on the distribution chart, India Motor Parts & Accessories ranks #345 out of 374 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, India Motor Parts & Accessories has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does India Motor Parts & Accessories' Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, India Motor Parts & Accessories ranks #345 out of 374 companies for Net-Net Working Capital. This places India Motor Parts & Accessories in the lower half of its industry. The industry median Net-Net Working Capital is 8.14. 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 8.14, based on 374 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 India Motor Parts & Accessories For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. India Motor Parts & Accessories's current Net-Net Working Capital is ₹. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is India Motor Parts & Accessories stock overvalued right now?
Based on GuruFocus' analysis, India Motor Parts & Accessories (NSE:IMPAL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,176.10, compared to a current price of ₹1,065.60 — trading 9.4% below its estimated fair value. The current Net-Net Working Capital is ₹. India Motor Parts & Accessories' overall GF Score™ is 83/100 with 4 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 India Motor Parts & Accessories (NSE:IMPAL), the current Net-Net Working Capital is ₹ 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 India Motor Parts & Accessories (NSE:IMPAL) Overvalued in 2026?
Based on GuruFocus' analysis, India Motor Parts & Accessories stock appears to be undervalued.
The current stock price of ₹1,065.60 is trading 9.4% below its estimated GF Value™ of ₹1,176.10.
GuruFocus considers India Motor Parts & Accessories to be Fairly Valued.
Key valuation signals for NSE:IMPAL:
Net-Net Working Capital: ₹
GF Value™: ₹1,176.10 vs. price of ₹1,065.60 (9.4% below fair value)
No single metric tells the full story. See the NSE:IMPAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
India Motor Parts & Accessories Ltd engages in the manufacture and distribution of automotive spares parts and accessories. The Company operates only in one business segment. Viz Sale and Distribution of Automotive Spares. Its product includes Oil seals, Gaskets, Hydraulic Brake Parts and Brake Fluid, Clutch Cover, Car fuel system components, Fuel injection parts, Auto cables, Radiators, Brake drums, Axles Shafts, Auto Electrical Components, Valves and Valve Guides, Automotive Bearings, and others.
83GF Score
Get the complete analysis for NSE:IMPAL
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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