Resurgere Mines & Minerals India (NSE:RMMIL) Net-Net Working Capital: ₹-7.60 (As of Mar. 2018)

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What is Resurgere Mines & Minerals India Net-Net Working Capital?

Resurgere Mines & Minerals India NSE:RMMIL Net-Net Working Capital is ₹-7.60 as of Mar. 2018.

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.

Resurgere Mines & Minerals India's Net-Net Working Capital for the quarter that ended in Mar. 2018 was ₹-7.60.

The industry rank for Resurgere Mines & Minerals India's Net-Net Working Capital or its related term are showing as below:

NSE:RMMIL's Price-to-Net-Net-Working-Capital is not ranked *
in the Metals & Mining industry.
Industry Median: 7.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Resurgere Mines & Minerals India  (NSE:RMMIL) 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.


Resurgere Mines & Minerals India Net-Net Working Capital Related Terms


Resurgere Mines & Minerals India Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Resurgere Mines & Minerals India'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.

Resurgere Mines & Minerals India Net-Net Working Capital Chart

Resurgere Mines & Minerals India Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.52 -7.91 -9.09 -5.89 -7.60

Resurgere Mines & Minerals India Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -6.52 -7.91 -9.09 -5.89 -7.60

Resurgere Mines & Minerals India Net-Net Working Capital Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Resurgere Mines & Minerals India'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.


Resurgere Mines & Minerals India Price-to-Net-Net-Working-Capital vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Resurgere Mines & Minerals India's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Resurgere Mines & Minerals India's Price-to-Net-Net-Working-Capital falls into.



Resurgere Mines & Minerals India Net-Net Working Capital Calculation

Resurgere Mines & Minerals India's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2018 is calculated as

Net-Net Working Capital(A: Mar. 2018 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(971.752+0.75 * 3241.92+0.5 * 277.926-5051.421
-0-0)/198.578
=-7.60

Resurgere Mines & Minerals India's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2018 is calculated as

Net-Net Working Capital(Q: Mar. 2018 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(971.752+0.75 * 3241.92+0.5 * 277.926-5051.421
-0-0)/198.578
=-7.60

* 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 ₹-7.60 mean?
Resurgere Mines & Minerals India (NSE:RMMIL) has a Net-Net Working Capital of ₹-7.60 as of Mar. 2018. 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 Resurgere Mines & Minerals India
Is Resurgere Mines & Minerals India's Net-Net Working Capital too high?
Resurgere Mines & Minerals India's current Net-Net Working Capital is ₹-7.60.
How does Resurgere Mines & Minerals India's Net-Net Working Capital compare to competitors?
Resurgere Mines & Minerals India's Net-Net Working Capital of ₹-7.60 can be compared against companies in the Metals & Mining industry. The industry median Net-Net Working Capital is 7.40. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.40, based on 1,097 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 Resurgere Mines & Minerals India For the Metals & Mining industry, the median Net-Net Working Capital is 7.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Resurgere Mines & Minerals India's current Net-Net Working Capital is ₹-7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Resurgere Mines & Minerals India stock overvalued right now?
Resurgere Mines & Minerals India (NSE:RMMIL) has a current Net-Net Working Capital of ₹-7.60. The current Net-Net Working Capital is ₹-7.60. 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 Resurgere Mines & Minerals India (NSE:RMMIL), the current Net-Net Working Capital is ₹-7.60 as of Mar. 2018. 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.

Resurgere Mines & Minerals India Business Description

Address 15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038
Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.