Mahickra Chemicals (NSE:MAHICKRA) Scaled Net Operating Assets: 0.93 (As of Mar. 2026)


NSE:MAHICKRA Mahickra Chemicals Ltd NSE:MAHICKRA
65 GF Score
Price ₹240.00
GF Value ₹155.08
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Mahickra Chemicals Scaled Net Operating Assets?

Mahickra Chemicals NSE:MAHICKRA -4.00% 65 Scaled Net Operating Assets is 0.93 as of Mar. 2026. GuruFocus rates NSE:MAHICKRA with a GF Score™ of 65/100 and a GF Value™ of ₹155.08 (Significantly Overvalued). The stock has 5 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.

Mahickra Chemicals's operating assets for the quarter that ended in Mar. 2026 was ₹805 Mil. Mahickra Chemicals's operating liabilities for the quarter that ended in Mar. 2026 was ₹143 Mil. Mahickra Chemicals's Total Assets for the quarter that ended in Sep. 2025 was ₹714 Mil. Therefore, Mahickra Chemicals's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.93.


Mahickra Chemicals Scaled Net Operating Assets Historical Data

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The historical data trend for Mahickra Chemicals'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.

Mahickra Chemicals Scaled Net Operating Assets Chart

Mahickra Chemicals 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 0.69 0.65 0.74 0.84 0.97

Mahickra Chemicals Semi-Annual Data
Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.71 0.00 0.00 0.75 0.93

NSE:MAHICKRA vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Mahickra Chemicals'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.


Mahickra Chemicals Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mahickra Chemicals's Scaled Net Operating Assets distribution charts can be found below:

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


NSE:MAHICKRA
65GF Score
Mahickra Chemicals Ltd NSE:MAHICKRA
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahickra Chemicals 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.

Mahickra Chemicals'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 )
=(804.751-143.093)/682.769
=0.97

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=969.356 - 164.605
=804.751

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=301.213 - 0 - 158.12
=143.093

Mahickra Chemicals'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: Sep. 2025 )
=(804.751-143.093)/713.713
=0.93

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=969.356 - 164.605
=804.751

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=301.213 - 0 - 158.12
=143.093

* 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 0.93 mean?
Mahickra Chemicals (NSE:MAHICKRA) has a Scaled Net Operating Assets of 0.93 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mahickra Chemicals and its competitors.
Is Mahickra Chemicals' Scaled Net Operating Assets too high?
Mahickra Chemicals' current Scaled Net Operating Assets is 0.93. Overall, Mahickra Chemicals has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mahickra Chemicals' Scaled Net Operating Assets compare to LIN and SHW?
Mahickra Chemicals' Scaled Net Operating Assets of 0.93 can be compared against companies in the Chemicals 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 a Chemicals company?
A good Scaled Net Operating Assets depends on the Chemicals 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 Mahickra Chemicals and its competitors. Mahickra Chemicals's current Scaled Net Operating Assets is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahickra Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Mahickra Chemicals (NSE:MAHICKRA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹155.08, compared to a current price of ₹240.00 — trading 54.8% above its estimated fair value. The current Scaled Net Operating Assets is 0.93. Mahickra Chemicals' overall GF Score™ is 65/100 with 5 warning signs to review. 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 Mahickra Chemicals (NSE:MAHICKRA), the current Scaled Net Operating Assets is 0.93 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 Mahickra Chemicals (NSE:MAHICKRA) Overvalued in 2026?

Based on GuruFocus' analysis, Mahickra Chemicals stock appears to be overvalued. The current stock price of ₹240.00 is trading 54.8% above its estimated GF Value™ of ₹155.08. GuruFocus considers Mahickra Chemicals to be Significantly Overvalued.

Key valuation signals for NSE:MAHICKRA:

  • Scaled Net Operating Assets: 0.93
  • GF Value™: ₹155.08 vs. price of ₹240.00 (54.8% above fair value)
  • GF Score™: 65/100 with 5 warning signs

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


Mahickra Chemicals Business Description

Address Phase - 3, Plot No. 1201-1202, GIDC, Vatva, Ahmedabad, GJ, IND, 382445
Mahickra Chemicals Ltd is an India-based company engaged in the business of manufacturing and trading of dyes and chemicals. Its product portfolio includes reactive dyes, acid dyes, direct dyes, pigment powder and emulsion, specialty chemicals, and synthetic food colors, among others. The company caters to both the Indian as well as international markets.
65GF Score

Get the complete analysis for NSE:MAHICKRA

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

₹240.00
Price
₹155.08
GF Value