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.
Vibhor Steel TubesNSE:VSTL +0.23%32 Net-Net Working Capital is ₹-57.73 as of Mar. 2026. GuruFocus rates NSE:VSTL with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 180 Steel companies, Vibhor Steel Tubes ranks worse than 555555% 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.
Vibhor Steel Tubes's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₹-57.73.
The industry rank for Vibhor Steel Tubes's Net-Net Working Capital or its related term are showing as below:
NSE:VSTL's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4.325 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vibhor Steel Tubes (NSE:VSTL) 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.
Vibhor Steel Tubes Net-Net Working Capital Related Terms
Vibhor Steel Tubes Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Vibhor Steel Tubes'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.
NSE:VSTL vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, Vibhor Steel Tubes'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.
Vibhor Steel Tubes Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vibhor Steel Tubes'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 ₹-57.73 mean?
Vibhor Steel Tubes (NSE:VSTL) has a Net-Net Working Capital of ₹-57.73 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 Vibhor Steel Tubes According to the industry distribution chart, Vibhor Steel Tubes ranks #999999 out of 180 companies in the Steel industry.
Is Vibhor Steel Tubes' Net-Net Working Capital too high?
Vibhor Steel Tubes' current Net-Net Working Capital is ₹-57.73. Based on the distribution chart, Vibhor Steel Tubes ranks #999999 out of 180 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Vibhor Steel Tubes has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Vibhor Steel Tubes' Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, Vibhor Steel Tubes ranks #999999 out of 180 companies for Net-Net Working Capital. This places Vibhor Steel Tubes in the lower half of its industry. The industry median Net-Net Working Capital is 4.33. 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 Steel company?
The median Net-Net Working Capital among Steel companies is 4.33, based on 180 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 Vibhor Steel Tubes For the Steel industry, the median Net-Net Working Capital is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vibhor Steel Tubes's current Net-Net Working Capital is ₹-57.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vibhor Steel Tubes stock overvalued right now?
Vibhor Steel Tubes (NSE:VSTL) has a current Net-Net Working Capital of ₹-57.73. The current Net-Net Working Capital is ₹-57.73. Vibhor Steel Tubes' overall GF Score™ is 32/100 with 3 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 Vibhor Steel Tubes (NSE:VSTL), the current Net-Net Working Capital is ₹-57.73 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.
Vibhor Steel Tubes Ltd is a manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes, and others.
32GF Score
Get the complete analysis for NSE:VSTL
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:VSTL has been successfully added to your 
