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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.
Mandeep Auto Industries's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹9.75.
The industry rank for Mandeep Auto Industries's Net-Net Working Capital or its related term are showing as below:
NSE:MANDEEP's Price-to-Net-Net-Working-Capital is ranked better than 82.96% of 358
companies
in the Vehicles & Parts industry
Industry Median: 7.21
vs NSE:MANDEEP: 2.14
Mandeep Auto Industries (NSE:MANDEEP) 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.
Mandeep Auto Industries Net-Net Working Capital Related Terms
Mandeep Auto Industries Net-Net Working Capital Historical Data
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The historical data trend for Mandeep Auto Industries'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.
Mandeep Auto Industries Net-Net Working Capital Chart
NSE:MANDEEP vs ORLY, AZO: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Mandeep Auto Industries'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.
Mandeep Auto Industries Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mandeep Auto Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Mandeep Auto Industries'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 ₹9.75 mean?
Mandeep Auto Industries (NSE:MANDEEP) has a Net-Net Working Capital of ₹9.75 as of Mar. 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 Mandeep Auto Industries According to the industry distribution chart, Mandeep Auto Industries ranks #61 out of 358 companies in the Vehicles & Parts industry, placing it in the top 17%.
Is Mandeep Auto Industries' Net-Net Working Capital too high?
Mandeep Auto Industries' current Net-Net Working Capital is ₹9.75. Based on the distribution chart, Mandeep Auto Industries ranks #61 out of 358 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mandeep Auto Industries has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Mandeep Auto Industries' Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Mandeep Auto Industries ranks #61 out of 358 companies for Net-Net Working Capital. This places Mandeep Auto Industries in the top 17% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.21. 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 7.21, based on 358 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 Mandeep Auto Industries For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mandeep Auto Industries's current Net-Net Working Capital is ₹9.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandeep Auto Industries stock overvalued right now?
Mandeep Auto Industries (NSE:MANDEEP) has a current Net-Net Working Capital of ₹9.75. The current Net-Net Working Capital is ₹9.75. Mandeep Auto Industries' overall GF Score™ is 42/100 with 7 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 Mandeep Auto Industries (NSE:MANDEEP), the current Net-Net Working Capital is ₹9.75 as of Mar. 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.
Mandeep Auto Industries Ltd is engaged in the manufacturing, assembly, trading, import, export, distribution, franchising, and marketing of a wide range of automobile components and accessories. Its product portfolio comprises gears, transmissions, universal joints, springs, leaves, head lamps, sealed beams, induction hardened pins, axles, alloy springs, accessories, and fittings of all kinds. Additionally, the company also operates as a garage operator and showroom owner for motor vehicles, and acts as a supplier and dealer of petrol, electricity, and other forms of motive power. It also provides support and consulting services within the automotive sector. The company operates in a single business segment, the business of trading in automobile parts.
42GF Score
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