Mahan Industries (BOM:531515) Scaled Net Operating Assets: N/A (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BOM:531515 Mahan Industries Ltd BOM:531515
59 GF Score
Price ₹11.63
GF Value ₹24.66
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Mahan Industries Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mahan Industries's operating assets for the quarter that ended in Mar. 2026 was ₹109.37 Mil. Mahan Industries's operating liabilities for the quarter that ended in Mar. 2026 was ₹4.87 Mil. Mahan Industries's Total Assets for the quarter that ended in Dec. 2025 was ₹0.00 Mil. Therefore, Mahan Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was N/A.

Mahan Industries Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mahan Industries's Scaled Net Operating Assets 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.

Mahan Industries Scaled Net Operating Assets Chart

Mahan Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.00 0.98 1.31 1.20

Mahan Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BOM:531515 vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Mahan Industries's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.

Mahan Industries Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mahan Industries's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mahan Industries's Scaled Net Operating Assets falls into.


BOM:531515
59GF Score
Mahan Industries Ltd BOM:531515
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mahan Industries Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mahan Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(109.365-4.869)/87.364
=1.20

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=109.613 - 0.248
=109.365

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.543 - 52.674 - 0
=4.869

Mahan Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(109.365-4.869)/0
=N/A

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=109.613 - 0.248
=109.365

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=57.543 - 52.674 - 0
=4.869

* 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.

Is Mahan Industries (BOM:531515) Overvalued in 2026?

Based on GuruFocus' analysis, Mahan Industries stock appears to be undervalued. The current stock price of ₹11.63 is trading 52.8% below its estimated GF Value™ of ₹24.66. GuruFocus considers Mahan Industries to be Possible Value Trap.

Key valuation signals for BOM:531515:

  • Scaled Net Operating Assets: N/A
  • GF Value™: ₹24.66 vs. price of ₹11.63 (52.8% below fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the BOM:531515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mahan Industries Business Description

Address Near Mithakhali Under Bridge, 3rd Floor, D. K. House, Mithakhali, Ahmedabad, GJ, IND, 380006
Mahan Industries Ltd is an investment company. It is engaged in the business of investment in quoted and unquoted shares and trading in shares. The company provides equity capital to the companies and also offers loans and debts to companies, business entities and high net worth individuals. The company invests in middle-market companies.
59GF Score

Get the complete analysis for BOM:531515

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹11.63
Price
₹24.66
GF Value