P S Raj Steels (NSE:PSRAJ) Scaled Net Operating Assets: 0.99 (As of Mar. 2026)

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NSE:PSRAJ P S Raj Steels Ltd NSE:PSRAJ
19 GF Score
Price ₹417.90
! 5 Warning Signs
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What is P S Raj Steels Scaled Net Operating Assets?

P S Raj Steels NSE:PSRAJ 19 Scaled Net Operating Assets is 0.99 as of Mar. 2026. GuruFocus rates NSE:PSRAJ with a GF Score™ of 19/100. 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.

P S Raj Steels's operating assets for the quarter that ended in Mar. 2026 was ₹828 Mil. P S Raj Steels's operating liabilities for the quarter that ended in Mar. 2026 was ₹83 Mil. P S Raj Steels's Total Assets for the quarter that ended in Sep. 2025 was ₹756 Mil. Therefore, P S Raj Steels's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.99.

P S Raj Steels Scaled Net Operating Assets Historical Data

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The historical data trend for P S Raj Steels'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.

P S Raj Steels Scaled Net Operating Assets Chart

P S Raj Steels Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
0.82 0.92 0.65 1.34 1.00

P S Raj Steels Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial 0.65 0.99 1.26 0.97 0.99

NSE:PSRAJ vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, P S Raj Steels'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.

P S Raj Steels Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, P S Raj Steels's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where P S Raj Steels's Scaled Net Operating Assets falls into.


NSE:PSRAJ
19GF Score
P S Raj Steels Ltd NSE:PSRAJ
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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P S Raj Steels 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.

P S Raj Steels'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 )
=(827.641-82.895)/742.073
=1.00

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=828.576 - 0.935
=827.641

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=93.669 - 3.005 - 7.769
=82.895

P S Raj Steels'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 )
=(827.641-82.895)/755.564
=0.99

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=828.576 - 0.935
=827.641

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=93.669 - 3.005 - 7.769
=82.895

* 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 0.99 mean?
P S Raj Steels (NSE:PSRAJ) has a Scaled Net Operating Assets of 0.99 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 P S Raj Steels and its competitors.
Is P S Raj Steels' Scaled Net Operating Assets too high?
P S Raj Steels' current Scaled Net Operating Assets is 0.99. Overall, P S Raj Steels has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does P S Raj Steels' Scaled Net Operating Assets compare to NUE and STLD?
P S Raj Steels' Scaled Net Operating Assets of 0.99 can be compared against companies in the Steel 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 Steel company?
A good Scaled Net Operating Assets depends on the Steel 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 P S Raj Steels and its competitors. P S Raj Steels's current Scaled Net Operating Assets is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P S Raj Steels stock overvalued right now?
P S Raj Steels (NSE:PSRAJ) has a current Scaled Net Operating Assets of 0.99. The current Scaled Net Operating Assets is 0.99. P S Raj Steels' overall GF Score™ is 19/100 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 P S Raj Steels (NSE:PSRAJ), the current Scaled Net Operating Assets is 0.99 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.

P S Raj Steels Business Description

Address 51 Block A, IDC, Hisar, HR, IND, 125005
P S Raj Steels Ltd manufactures and supplies stainless steel pipes and tubes in India. The company's product range includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches), Section Pipes (square, rectangular and oval shapes) and Slotted Pipes.
19GF Score

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

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