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Maharashtra Seamless (NSE:MAHSEAMLES) Net-Net Working Capital : ₹205.38 (As of Mar. 2025)


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What is Maharashtra Seamless 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.

Maharashtra Seamless's Net-Net Working Capital for the quarter that ended in Mar. 2025 was ₹205.38.

The industry rank for Maharashtra Seamless's Net-Net Working Capital or its related term are showing as below:

NSE:MAHSEAMLES's Price-to-Net-Net-Working-Capital is ranked better than
55.62% of 178 companies
in the Steel industry
Industry Median: 4.03 vs NSE:MAHSEAMLES: 3.25

Maharashtra Seamless Net-Net Working Capital Historical Data

The historical data trend for Maharashtra Seamless'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.

Maharashtra Seamless Net-Net Working Capital Chart

Maharashtra Seamless Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -64.61 0.73 61.59 115.43 205.38

Maharashtra Seamless Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 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 115.43 - 146.73 - 205.38

Competitive Comparison of Maharashtra Seamless's Net-Net Working Capital

For the Steel subindustry, Maharashtra Seamless'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.


Maharashtra Seamless's Price-to-Net-Net-Working-Capital Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maharashtra Seamless's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Maharashtra Seamless's Price-to-Net-Net-Working-Capital falls into.


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Maharashtra Seamless Net-Net Working Capital Calculation

Maharashtra Seamless'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)
=(22845+0.75 * 6534.9+0.5 * 13416.5-6933.5
-0-0)/133.999
=205.38

Maharashtra Seamless'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)
=(22845+0.75 * 6534.9+0.5 * 13416.5-6933.5
-0-0)/133.999
=205.38

* 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.


Maharashtra Seamless  (NSE:MAHSEAMLES) 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.


Maharashtra Seamless Net-Net Working Capital Related Terms

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Maharashtra Seamless Business Description

Traded in Other Exchanges
Address
5 Pusa Road, 2nd Floor, New Delhi, IND, 110 005
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of Electric Resistance Welded pipes which include Black and Galvanized pipes sold under the brand Jindal Star and Seamless Pipes and Tubes which include Hot finished, Cold drawn, and Pilgered pipes. Its products are used in various applications and sectors like Oil and Gas, Hydrocarbon, Power, Agriculture, Housing, and Infrastructure, among others. Its segments consist of Steel Pipes and Tubes and Power-Electricity, Rig, and Others. The majority of the revenue is derived from the sale of Steel Pipes and Tubes.

Maharashtra Seamless Headlines

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