Azad Engineering Limited (AZAD) — Working Capital to Net Assets Ratio
Azad Engineering Limited (AZAD) has a Working Capital to Net Assets ratio of 44.9% as of March 2026. Working capital of Rs6.87 Billion (current assets of Rs9.89 Billion minus current liabilities of Rs3.03 Billion) is measured against net assets of Rs15.29 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Azad Engineering Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Azad Engineering Limited Working Capital to Net Assets (2021–2026)
This chart shows how Azad Engineering Limited's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2021 to 2026. As of March 2026, the ratio stands at 44.9%, reflecting working capital of Rs6.87 Billion against net assets of Rs15.29 Billion INR. See how many days can Azad Engineering Limited fund operations to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Azad Engineering Limited (2021–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Azad Engineering Limited from 2021 to 2026, covering 6 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 market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 44.9% | Rs6.87 Billion | Rs15.29 Billion | Rs9.89 Billion | Rs3.03 Billion | ▼ -24.5 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 | — |