Azad Engineering Limited (AZAD) — Working Capital to Net Assets Ratio
Azad Engineering Limited (AZAD) has a Working Capital to Net Assets ratio of 52.0% as of September 2025. Working capital of Rs7.69 Billion (current assets of Rs9.97 Billion minus current liabilities of Rs2.28 Billion) is measured against net assets of Rs14.78 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See AZAD net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Azad Engineering Limited Working Capital to Net Assets (2021–2025)
This chart shows how Azad Engineering Limited's Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of September 2025, the ratio stands at 52.0%, reflecting working capital of Rs7.69 Billion against net assets of Rs14.78 Billion INR. Check how tangible is Azad Engineering Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Azad Engineering Limited (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Azad Engineering Limited from 2021 to 2025, covering 5 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Azad Engineering Limited market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 69.4% | Rs9.67 Billion | Rs13.93 Billion | Rs11.97 Billion | Rs2.30 Billion | ▲ +19.3 pp |
| 2024 | 50.1% | Rs3.23 Billion | Rs6.45 Billion | Rs4.22 Billion | Rs982.22 Million | ▼ -16.2 pp |
| 2023 | 66.4% | Rs1.35 Billion | Rs2.04 Billion | Rs2.84 Billion | Rs1.48 Billion | ▲ +49.9 pp |
| 2022 | 16.5% | Rs197.97 Million | Rs1.20 Billion | Rs1.68 Billion | Rs1.48 Billion | ▲ +1.7 pp |
| 2021 | 14.8% | Rs134.60 Million | Rs908.92 Million | Rs1.26 Billion | Rs1.13 Billion | — |