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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.
NSE:SCILAL's Price-to-Net-Net-Working-Capital is ranked better than 57.1% of 331
companies
in the Real Estate industry
Industry Median: 4.48
vs NSE:SCILAL: 3.29
Shipping of India Land and Assets (NSE:SCILAL) 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.
Shipping of India Land and Assets Net-Net Working Capital Related Terms
Shipping of India Land and Assets Net-Net Working Capital Historical Data
* 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.
Shipping of India Land and Assets Net-Net Working Capital Chart
NSE:SCILAL vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Shipping of India Land and Assets'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.
Shipping of India Land and Assets Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Shipping of India Land and Assets's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shipping of India Land and Assets'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 ₹12.65 mean?
Shipping of India Land and Assets (NSE:SCILAL) has a Net-Net Working Capital of ₹12.65 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 Shipping of India Land and Assets According to the industry distribution chart, Shipping of India Land and Assets ranks #142 out of 331 companies in the Real Estate industry, placing it in the top 42.9%.
Is Shipping of India Land and Assets' Net-Net Working Capital too high?
Shipping of India Land and Assets' current Net-Net Working Capital is ₹12.65. Based on the distribution chart, Shipping of India Land and Assets ranks #142 out of 331 companies in the Real Estate industry, which is above the industry midpoint. Overall, Shipping of India Land and Assets has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shipping of India Land and Assets' Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shipping of India Land and Assets ranks #142 out of 331 companies for Net-Net Working Capital. This puts Shipping of India Land and Assets in the upper half of its industry. The industry median Net-Net Working Capital is 4.48. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.48, based on 331 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 Shipping of India Land and Assets For the Real Estate industry, the median Net-Net Working Capital is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shipping of India Land and Assets's current Net-Net Working Capital is ₹12.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shipping of India Land and Assets stock overvalued right now?
Based on GuruFocus' analysis, Shipping of India Land and Assets (NSE:SCILAL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹51.26, compared to a current price of ₹41.59 — trading 18.9% below its estimated fair value. The current Net-Net Working Capital is ₹12.65. Shipping of India Land and Assets' overall GF Score™ is 35/100 with 2 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 Shipping of India Land and Assets (NSE:SCILAL), the current Net-Net Working Capital is ₹12.65 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.
Is Shipping of India Land and Assets (NSE:SCILAL) Overvalued in 2026?
Based on GuruFocus' analysis, Shipping of India Land and Assets stock appears to be undervalued.
The current stock price of ₹41.59 is trading 18.9% below its estimated GF Value™ of ₹51.26.
GuruFocus considers Shipping of India Land and Assets to be Modestly Undervalued.
Key valuation signals for NSE:SCILAL:
Net-Net Working Capital: ₹12.65
GF Value™: ₹51.26 vs. price of ₹41.59 (18.9% below fair value)
No single metric tells the full story. See the NSE:SCILAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shipping of India Land and Assets Business Description
Shipping Corp of India Land and Assets Ltd is a wholly owned subsidiary of The Shipping Corporation of India (sci) and is formed to hold and dispose of the Non-Core Assets of SCI distinct from the disinvestment transaction. The operating segments of the company are; MTI and Others. The MTI segment includes the Maritime Training Institute. The Others segment which generates maximum revenue, includes Investment property which involves renting the real estate properties to the Shipping Corporation of India (SCI) and surplus funds received pursuant to demerger. Geographically, the company's operations are confined in India.
35GF Score
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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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