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Oval Projects EngineeringBOM:544498 16 Quick Ratio is 1.23 as of Mar. 2026, which is 34% above its 10-year median of 0.92. GuruFocus rates BOM:544498 with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 1,792 Construction companies, Oval Projects Engineering ranks worse than 53.18% on this metric.
Oval Projects Engineering (BOM:544498) 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.
Oval Projects Engineering Quick Ratio Related Terms
Oval Projects Engineering 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.
Oval Projects Engineering Quick Ratio Chart
Oval Projects Engineering Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Quick Ratio
0.83
0.62
1.01
1.23
Oval Projects Engineering Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Quick Ratio
0.83
0.62
1.01
1.28
1.23
BOM:544498 vs PWR, FIX, EME: Quick Ratio Comparison
For the Engineering & Construction subindustry, Oval Projects Engineering'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.
Oval Projects Engineering Quick Ratio vs Construction Industry
For the Construction industry and Industrials sector, Oval Projects Engineering's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Oval Projects Engineering's Quick Ratio falls into.
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.
Oval Projects Engineering's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Oval Projects Engineering (BOM:544498) has a Quick Ratio of 1.23 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Oval Projects Engineering and its competitors. This is 34% above median its historical median of 0.92. Over the past decade, Oval Projects Engineering's Quick Ratio has ranged from 0.62 to 1.23. According to the industry distribution chart, Oval Projects Engineering ranks #953 out of 1792 companies in the Construction industry, placing it in the top 53.2%.
Is Oval Projects Engineering's Quick Ratio too high?
Oval Projects Engineering's current Quick Ratio of 1.23 is 34% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.23. The Construction industry median Quick Ratio is 1.29. Oval Projects Engineering's value of 1.23 is 4.7% below this industry median. Based on the distribution chart, Oval Projects Engineering ranks #953 out of 1792 companies in the Construction industry, which is below the industry midpoint. Overall, Oval Projects Engineering has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Oval Projects Engineering's Quick Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Oval Projects Engineering ranks #953 out of 1792 companies for Quick Ratio. This places Oval Projects Engineering in the lower half of its industry. The industry median Quick Ratio is 1.29. Oval Projects Engineering's value of 1.23 is 4.7% below this benchmark. Historically, Oval Projects Engineering's own Quick Ratio has ranged from 0.62 to 1.23 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.29, Oval Projects Engineering has consistently been below 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 Construction company?
The median Quick Ratio among Construction companies is 1.29, based on 1,792 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. Oval Projects Engineering's current Quick Ratio of 1.23 is 4.7% below 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 Oval Projects Engineering and its competitors. For the Construction industry, the median Quick Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oval Projects Engineering's current Quick Ratio is 1.23, which is 34% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oval Projects Engineering stock overvalued right now?
Oval Projects Engineering (BOM:544498) has a current Quick Ratio of 1.23. The current Quick Ratio is 1.23, which is 34% above median its 10-year median of 0.92 and 4.7% below the Construction industry median of 1.29. Oval Projects Engineering's overall GF Score™ is 16/100 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 Oval Projects Engineering (BOM:544498), the current Quick Ratio is 1.23 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.
Oval Projects Engineering Ltd is principally engaged in the execution of Works Contracts, EPC Contracts, Maintenance & other Ancillary services in the Oil & Gas sector. It specializes in delivering turnkey solutions across the Oil & Gas, Urban Development, and Power sectors. It provides a comprehensive range of services, including: Pipeline Engineering & Construction, Turnkey Project Solutions, Infrastructure Development & Maintenance, and RTP, CGD, PNG, & CNG Works. The company derives revenue from the provision of its services, which comprise Works Contract, Canteen Services, Management Services, Skills Development and many more activities.
16GF Score
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