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National General Industries (BOM:531651) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
National General Industries Quick Ratio Related Terms
National General Industries Quick Ratio 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.
BOM:531651 vs NUE, STLD, RS: Quick Ratio Comparison
For the Steel subindustry, National General Industries's Quick Ratio, along with its competitors' market caps and Quick Ratio 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.
National General Industries Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, National General Industries's Quick Ratio distribution charts can be found below:
* The bar in red indicates where National General Industries's Quick Ratio falls into.
National General Industries Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
* 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.
National General Industries (BOM:531651) has a Quick Ratio of 3.79 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on National General Industries and its competitors. This is 66% above median its historical median of 2.28. Over the past decade, National General Industries' Quick Ratio has ranged from 1.90 to 8.27. According to the industry distribution chart, National General Industries ranks #87 out of 635 companies in the Steel industry, placing it in the top 13.7%.
Is National General Industries' Quick Ratio too high?
National General Industries' current Quick Ratio of 3.79 is 66% above median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 8.27. The Steel industry median Quick Ratio is 1.02. National General Industries' value of 3.79 is 271.6% above this industry median. Based on the distribution chart, National General Industries ranks #87 out of 635 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, National General Industries has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National General Industries' Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, National General Industries ranks #87 out of 635 companies for Quick Ratio. This places National General Industries in the top 14% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.02. National General Industries' value of 3.79 is 271.6% above this benchmark. Historically, National General Industries' own Quick Ratio has ranged from 1.90 to 8.27 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.02, National General Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National General Industries's current Quick Ratio of 3.79 is 271.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on National General Industries and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National General Industries's current Quick Ratio is 3.79, which is 66% above median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National General Industries stock overvalued right now?
Based on GuruFocus' analysis, National General Industries (BOM:531651) is currently considered Fairly Valued. The stock's GF Value™ is ₹53.42, compared to a current price of ₹57.69 — trading 8% above its estimated fair value. The current Quick Ratio is 3.79, which is 66% above median its 10-year median of 2.28 and 271.6% above the Steel industry median of 1.02. National General Industries' overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For National General Industries (BOM:531651), the current Quick Ratio is 3.79 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 National General Industries (BOM:531651) Overvalued in 2026?
Based on GuruFocus' analysis, National General Industries stock appears to be overvalued.
The current stock price of ₹57.69 is trading 8% above its estimated GF Value™ of ₹53.42.
GuruFocus considers National General Industries to be Fairly Valued.
Key valuation signals for BOM:531651:
Quick Ratio: 3.79 (66% above median its 10-year median of 2.28)
GF Value™: ₹53.42 vs. price of ₹57.69 (8% above fair value)
Industry Position: 271.6% above the Steel median (#87 of 635)
No single metric tells the full story. See the BOM:531651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National General Industries Ltd is active in the steel industry, engaged in the production and sale of steel through its rolling unit located in Ghaziabad, Uttar Pradesh. It manufactures hot-rolled steel rounds, steel squares, and steel flats. The company operates in two segments: steel manufacturing and investments, with the majority of its revenue generated from steel manufacturing.
52GF Score
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