Pratibha Industries (NSE:PRATIBHA) Net-Net Working Capital: ₹-278.74 (As of Mar. 2019)

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NSE:PRATIBHA Pratibha Industries Ltd NSE:PRATIBHA
4 GF Score
Price ₹0.95
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What is Pratibha Industries Net-Net Working Capital?

Pratibha Industries NSE:PRATIBHA 4 Net-Net Working Capital is ₹-278.74 as of Mar. 2019. GuruFocus rates NSE:PRATIBHA with a GF Score™ of 4/100.

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.

Pratibha Industries's Net-Net Working Capital for the quarter that ended in Mar. 2019 was ₹-278.74.

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

NSE:PRATIBHA's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.275
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Pratibha Industries  (NSE:PRATIBHA) 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.


Pratibha Industries Net-Net Working Capital Related Terms


Pratibha Industries Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Pratibha 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.

Pratibha Industries Net-Net Working Capital Chart

Pratibha Industries Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -272.58 -367.94 -157.15 -245.82 -278.74

Pratibha Industries Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 -245.82 -215.01 -220.61 -241.85 -278.74

Pratibha Industries Net-Net Working Capital Competitor Comparison

For the Engineering & Construction subindustry, Pratibha 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.


Pratibha Industries Price-to-Net-Net-Working-Capital vs Construction Industry

For the Construction industry and Industrials sector, Pratibha Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


NSE:PRATIBHA
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Pratibha Industries Ltd NSE:PRATIBHA
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Pratibha Industries Net-Net Working Capital Calculation

Pratibha Industries's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2019 is calculated as

Net-Net Working Capital(A: Mar. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(490.536+0.75 * 813.41+0.5 * 13233.398-74224.252
-0-0)/238.597
=-278.74

Pratibha Industries's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2019 is calculated as

Net-Net Working Capital(Q: Mar. 2019 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(490.536+0.75 * 813.41+0.5 * 13233.398-74224.252
-0-0)/238.597
=-278.74

* 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 ₹-278.74 mean?
Pratibha Industries (NSE:PRATIBHA) has a Net-Net Working Capital of ₹-278.74 as of Mar. 2019. 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 Pratibha Industries
Is Pratibha Industries' Net-Net Working Capital too high?
Pratibha Industries' current Net-Net Working Capital is ₹-278.74. Overall, Pratibha Industries has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Pratibha Industries' Net-Net Working Capital compare to competitors?
Pratibha Industries' Net-Net Working Capital of ₹-278.74 can be compared against companies in the Construction industry. The industry median Net-Net Working Capital is 6.28. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.28, based on 478 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 Pratibha Industries For the Construction industry, the median Net-Net Working Capital is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pratibha Industries's current Net-Net Working Capital is ₹-278.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pratibha Industries stock overvalued right now?
Pratibha Industries (NSE:PRATIBHA) has a current Net-Net Working Capital of ₹-278.74. The current Net-Net Working Capital is ₹-278.74. Pratibha Industries' overall GF Score™ is 4/100. 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 Pratibha Industries (NSE:PRATIBHA), the current Net-Net Working Capital is ₹-278.74 as of Mar. 2019. 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.

Pratibha Industries Business Description

Address Unit No. 1/B-56 & 1/B-57, LBS Marg, Phoenix Paragon Plaza, Phoenix Market City, Kurla (W), Mumbai, MH, IND, 400 070
Pratibha Industries Ltd is an Indian-based firm. The company is engaged in designing, engineering and execution/construction of complex and integrated projects, the sale of construction materials and other related services. The company provides various solutions like integrated water transmission, water sourcing solutions, and other related solutions. In addition, the company is also involved in infrastructure development, including design and construction of railway stations and various other turnkey projects. The company operates in single Engineering, Procurement, and Construction segment. Most of its revenue comes from the Indian market.
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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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