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India Grid Trust (BOM:540565) Net-Net Working Capital : ₹-235.90 (As of Sep. 2023)


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What is India Grid Trust Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

India Grid Trust's Net-Net Working Capital for the quarter that ended in Sep. 2023 was ₹-235.90.

The industry rank for India Grid Trust's Net-Net Working Capital or its related term are showing as below:

BOM:540565's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 6.64
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

India Grid Trust Net-Net Working Capital Historical Data

The historical data trend for India Grid Trust's Net-Net Working Capital 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.

* Premium members only.

India Grid Trust Net-Net Working Capital Chart

India Grid Trust Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only -82.22 -101.72 -177.75 -175.94 -199.96

India Grid Trust Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
Net-Net Working Capital 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 - - - -199.96 -235.90

Competitive Comparison of India Grid Trust's Net-Net Working Capital

For the Utilities - Independent Power Producers subindustry, India Grid Trust's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.


India Grid Trust's Price-to-Net-Net-Working-Capital Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, India Grid Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where India Grid Trust's Price-to-Net-Net-Working-Capital falls into.



India Grid Trust Net-Net Working Capital Calculation

India Grid Trust's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2023 is calculated as

Net-Net Working Capital(A: Mar. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(9403.24+0.75 * 4180.21+0.5 * 0-151718.98
-0-827.89)/700.178
=-199.96

India Grid Trust's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2023 is calculated as

Net-Net Working Capital(Q: Sep. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21390.51+0.75 * 5780.03+0.5 * 248.78-197418.57
-0-868.13)/730.98
=-235.90

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


India Grid Trust  (BOM:540565) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


India Grid Trust Net-Net Working Capital Related Terms

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India Grid Trust (BOM:540565) Business Description

Traded in Other Exchanges
Address
Off CST Road, Vidyanagari Marg, Unit No. 101, First Floor, Windsor, Village KoleKalyan, Kalina, Santacruz (East), Mumbai, MH, IND, 400 098
India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. Its asset portfolio comprises nine power transmission projects located across 18 states and 1 union territory in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines.

India Grid Trust (BOM:540565) Headlines

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