Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shivalic Power ControlNSE:SPCL +0.76%46 Net-Net Working Capital is ₹16.01 as of Mar. 2026. GuruFocus rates NSE:SPCL with a GF Score™ of 46/100. The stock has 5 warning signs investors should review. Among 1,360 Industrial Products companies, Shivalic Power Control ranks better than 73.6% on this metric.
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.
Shivalic Power Control's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹16.01.
The industry rank for Shivalic Power Control's Net-Net Working Capital or its related term are showing as below:
NSE:SPCL's Price-to-Net-Net-Working-Capital is ranked better than 73.6% of 1360
companies
in the Industrial Products industry
Industry Median: 7.865
vs NSE:SPCL: 4.13
Shivalic Power Control (NSE:SPCL) 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.
Shivalic Power Control Net-Net Working Capital Related Terms
Shivalic Power Control Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Shivalic Power Control'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.
Shivalic Power Control Net-Net Working Capital Chart
NSE:SPCL vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Shivalic Power Control'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.
Shivalic Power Control Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shivalic Power Control's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shivalic Power Control'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 ₹16.01 mean?
Shivalic Power Control (NSE:SPCL) has a Net-Net Working Capital of ₹16.01 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 Shivalic Power Control According to the industry distribution chart, Shivalic Power Control ranks #359 out of 1360 companies in the Industrial Products industry, placing it in the top 26.4%.
Is Shivalic Power Control's Net-Net Working Capital too high?
Shivalic Power Control's current Net-Net Working Capital is ₹16.01. Based on the distribution chart, Shivalic Power Control ranks #359 out of 1360 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shivalic Power Control has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Shivalic Power Control's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Shivalic Power Control ranks #359 out of 1360 companies for Net-Net Working Capital. This puts Shivalic Power Control in the upper half of its industry. The industry median Net-Net Working Capital is 7.87. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.87, based on 1,360 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 Shivalic Power Control For the Industrial Products industry, the median Net-Net Working Capital is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shivalic Power Control's current Net-Net Working Capital is ₹16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shivalic Power Control stock overvalued right now?
Shivalic Power Control (NSE:SPCL) has a current Net-Net Working Capital of ₹16.01. The current Net-Net Working Capital is ₹16.01. Shivalic Power Control's overall GF Score™ is 46/100 with 5 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 Shivalic Power Control (NSE:SPCL), the current Net-Net Working Capital is ₹16.01 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.
Shivalic Power Control Ltd is an ISO-certified LT and HT electric panel manufacturer. It is a technology-driven company with focus on quality, design and product development, which has allowed the company to develop products suited to its customers' requirements. The company has a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD , Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
46GF Score
Get the complete analysis for NSE:SPCL
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SPCL has been successfully added to your 
