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Sarda Energy & Minerals (NSE:SARDAEN) Net-Net Working Capital : ₹-57.33 (As of Sep. 2024)


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What is Sarda Energy & Minerals 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.

Sarda Energy & Minerals's Net-Net Working Capital for the quarter that ended in Sep. 2024 was ₹-57.33.

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

NSE:SARDAEN's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 5.415
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sarda Energy & Minerals Net-Net Working Capital Historical Data

The historical data trend for Sarda Energy & Minerals'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.

Sarda Energy & Minerals Net-Net Working Capital Chart

Sarda Energy & Minerals Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -43.99 -44.26 -31.30 -24.06 -12.73

Sarda Energy & Minerals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -13.49 - -12.73 - -57.33

Competitive Comparison of Sarda Energy & Minerals's Net-Net Working Capital

For the Steel subindustry, Sarda Energy & Minerals'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.


Sarda Energy & Minerals's Price-to-Net-Net-Working-Capital Distribution in the Steel Industry

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

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



Sarda Energy & Minerals Net-Net Working Capital Calculation

Sarda Energy & Minerals's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13247.3+0.75 * 1011.7+0.5 * 5283.9-20077
-0-1055.1)/352.381
=-12.73

Sarda Energy & Minerals's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2024 is calculated as

Net-Net Working Capital(Q: Sep. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(16329.1+0.75 * 3300.8+0.5 * 7966.7-41883.5
-0-1107.4)/352.381
=-57.33

* 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.


Sarda Energy & Minerals  (NSE:SARDAEN) 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.


Sarda Energy & Minerals Net-Net Working Capital Related Terms

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Sarda Energy & Minerals Business Description

Traded in Other Exchanges
Address
Industrial Growth Center, Siltara, Raipur, CT, IND, 493 111
Sarda Energy & Minerals Ltd is an Indian based company engaged in producing steel and ferroalloys. Business activity of the firm is functioned through Steel, Ferro Alloys, and Power segments. It generates a majority of its revenue from the Steel segment. The company's products include sponge iron, billets, ingots, TMT bars, ferroalloys, eco-bricks, and pellets, as well as wire rods/HB wires. Geographically all the business activity is functioned through the regions of India.

Sarda Energy & Minerals Headlines

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