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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.
Indus Towers's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ₹-64.47.
The industry rank for Indus Towers's Net-Net Working Capital or its related term are showing as below:
NSE:INDUSTOWER's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 9.345 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Indus Towers (NSE:INDUSTOWER) 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.
Indus Towers Net-Net Working Capital Related Terms
Indus Towers Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Indus Towers'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.
NSE:INDUSTOWER vs VZ, TMUS, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, Indus Towers'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.
Indus Towers Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Indus Towers's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Indus Towers'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 ₹-64.47 mean?
Indus Towers (NSE:INDUSTOWER) has a Net-Net Working Capital of ₹-64.47 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 Indus Towers According to the industry distribution chart, Indus Towers ranks #999999 out of 58 companies in the Telecommunication Services industry.
Is Indus Towers' Net-Net Working Capital too high?
Indus Towers' current Net-Net Working Capital is ₹-64.47. Based on the distribution chart, Indus Towers ranks #999999 out of 58 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Indus Towers has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indus Towers' Net-Net Working Capital compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Indus Towers ranks #999999 out of 58 companies for Net-Net Working Capital. This places Indus Towers in the lower half of its industry. The industry median Net-Net Working Capital is 9.35. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.35, based on 58 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 Indus Towers For the Telecommunication Services industry, the median Net-Net Working Capital is 9.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indus Towers's current Net-Net Working Capital is ₹-64.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Towers stock overvalued right now?
Based on GuruFocus' analysis, Indus Towers (NSE:INDUSTOWER) is currently considered Fairly Valued. The stock's GF Value™ is ₹410.89, compared to a current price of ₹375.00 — trading 8.7% below its estimated fair value. The current Net-Net Working Capital is ₹-64.47. Indus Towers' overall GF Score™ is 94/100 with 2 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 Indus Towers (NSE:INDUSTOWER), the current Net-Net Working Capital is ₹-64.47 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 Indus Towers (NSE:INDUSTOWER) Overvalued in 2026?
Based on GuruFocus' analysis, Indus Towers stock appears to be undervalued.
The current stock price of ₹375.00 is trading 8.7% below its estimated GF Value™ of ₹410.89.
GuruFocus considers Indus Towers to be Fairly Valued.
Key valuation signals for NSE:INDUSTOWER:
Net-Net Working Capital: ₹-64.47
GF Value™: ₹410.89 vs. price of ₹375.00 (8.7% below fair value)
No single metric tells the full story. See the NSE:INDUSTOWER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indus Towers Ltd Ltd is a telecommunications tower infrastructure service provider. The company deploys, owns, and manages telecom towers and communication structures for mobile operators. The company acquires and builds towers, while also owning and operating telecom towers and related infrastructure. The company generates revenue through a rental fee to tenants of mobile towers. Energy costs such as electricity and fuel charts are usually passed through to tenants. The company generates the vast majority of its revenue in India. The company's assets are located in India and are often ground-based and rooftop towers.
94GF 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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