Indus Gas (LSE:INDI) Scaled Net Operating Assets: 0.95 (As of Sep. 2025)


What is Indus Gas Scaled Net Operating Assets?

Indus Gas LSE:INDI -32.00% Scaled Net Operating Assets is 0.95 as of Sep. 2025. The stock has 6 warning signs investors should review.

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

Indus Gas's operating assets for the quarter that ended in Sep. 2025 was £670.17 Mil. Indus Gas's operating liabilities for the quarter that ended in Sep. 2025 was £10.77 Mil. Indus Gas's Total Assets for the quarter that ended in Mar. 2025 was £691.57 Mil. Therefore, Indus Gas's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2025 was 0.95.

Indus Gas Scaled Net Operating Assets Historical Data

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The historical data trend for Indus Gas'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.

Indus Gas Scaled Net Operating Assets Chart

Indus Gas Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.97 0.97 0.86 0.12

Indus Gas Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.86 0.86 0.84 0.12 0.95

LSE:INDI vs COP, EOG, FANG: Scaled Net Operating Assets Comparison

For the Oil & Gas E&P subindustry, Indus Gas'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.

Indus Gas Scaled Net Operating Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indus Gas's Scaled Net Operating Assets distribution charts can be found below:

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


Indus Gas 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.

Indus Gas's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2025 )
=(Operating Assets (A: Mar. 2025 )-Operating Liabilities (A: Mar. 2025 ))/Total Assets (A: Mar. 2024 )
=(691.382-559.88)/1110.722
=0.12

where

Operating Assets(A: Mar. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=691.568 - 0.186
=691.382

Operating Liabilities(A: Mar. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=686.884 - 123.516 - 3.488
=559.88

Indus Gas's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2025 )
=(Operating Assets (Q: Sep. 2025 )-Operating Liabilities (Q: Sep. 2025 ))/Total Assets (Q: Mar. 2025 )
=(670.173-10.769)/691.568
=0.95

where

Operating Assets(Q: Sep. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=670.651 - 0.478
=670.173

Operating Liabilities(Q: Sep. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=665.326 - 651.086 - 3.471
=10.769

* 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.

What does a Scaled Net Operating Assets of 0.95 mean?
Indus Gas (LSE:INDI) has a Scaled Net Operating Assets of 0.95 as of Sep. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Indus Gas and its competitors.
Is Indus Gas' Scaled Net Operating Assets too high?
Indus Gas' current Scaled Net Operating Assets is 0.95.
How does Indus Gas' Scaled Net Operating Assets compare to COP and EOG?
Indus Gas' Scaled Net Operating Assets of 0.95 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Oil & Gas company?
A good Scaled Net Operating Assets depends on the Oil & Gas industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Indus Gas and its competitors. Indus Gas's current Scaled Net Operating Assets is 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indus Gas stock overvalued right now?
Indus Gas (LSE:INDI) has a current Scaled Net Operating Assets of 0.95. The stock's GF Value™ is £0.14, compared to a current price of £0.01 — trading 90.3% below its estimated fair value. The current Scaled Net Operating Assets is 0.95. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Indus Gas (LSE:INDI), the current Scaled Net Operating Assets is 0.95 as of Sep. 2025. 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.

Indus Gas Business Description

Industry EnergyOil & Gas
Address Saint Martins House, PO Box 112, Le Bordage, Saint Peter Port, GGY, GY1 4EA
Indus Gas Ltd is an oil and gas exploration and development company. It predominantly operates in India, focusing on exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. The company holds a participating interest in Block RJ-ON/6, an onshore petroleum concession in Rajasthan, India, covering a large area in the Indus Basin. Its operations involve partnerships with entities like Oil and Natural Gas Corporation Ltd. (ONGC) and Focus Energy Ltd., with ONGC having back-in rights for participating interests in discovered fields. Indus Gas sells natural gas prominently to GAIL (India) Ltd and continues to evaluate other opportunities in the oil and gas sector.