Bharat Heavy Electricals Limited (BHEL) — Working Capital to Net Assets Ratio
Bharat Heavy Electricals Limited (BHEL) has a Working Capital to Net Assets ratio of 73.3% as of March 2026. Working capital of Rs191.53 Billion (current assets of Rs514.55 Billion minus current liabilities of Rs323.02 Billion) is measured against net assets of Rs261.47 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Bharat Heavy Electricals Limited balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bharat Heavy Electricals Limited Working Capital to Net Assets (2004–2026)
This chart shows how Bharat Heavy Electricals Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 73.3%, reflecting working capital of Rs191.53 Billion against net assets of Rs261.47 Billion INR. Check Bharat Heavy Electricals Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Bharat Heavy Electricals Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bharat Heavy Electricals Limited from 2004 to 2026, covering 23 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 BHEL company net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 73.3% | Rs191.53 Billion | Rs261.47 Billion | Rs514.55 Billion | Rs323.02 Billion | ▲ +14.5 pp |
| 2025 | 58.8% | Rs145.34 Billion | Rs247.22 Billion | Rs427.60 Billion | Rs282.26 Billion | ▲ +21.1 pp |
| 2024 | 37.7% | Rs92.13 Billion | Rs244.39 Billion | Rs345.46 Billion | Rs253.33 Billion | ▲ +16.8 pp |
| 2023 | 20.9% | Rs56.15 Billion | Rs268.28 Billion | Rs290.94 Billion | Rs234.80 Billion | ▼ -3.6 pp |
| 2022 | 24.5% | Rs64.91 Billion | Rs265.07 Billion | Rs278.62 Billion | Rs213.71 Billion | ▼ -6.3 pp |
| 2021 | 30.7% | Rs79.83 Billion | Rs259.72 Billion | Rs283.43 Billion | Rs203.60 Billion | ▼ -4.3 pp |
| 2020 | 35.0% | Rs100.34 Billion | Rs286.52 Billion | Rs327.11 Billion | Rs226.77 Billion | ▼ -14.4 pp |
| 2019 | 49.5% | Rs152.68 Billion | Rs308.66 Billion | Rs383.49 Billion | Rs230.81 Billion | ▼ -15.4 pp |
| 2018 | 64.9% | Rs209.82 Billion | Rs323.31 Billion | Rs431.93 Billion | Rs222.11 Billion | ▼ -5.4 pp |
| 2017 | 70.3% | Rs227.61 Billion | Rs323.88 Billion | Rs429.04 Billion | Rs201.43 Billion | ▼ -7.0 pp |
| 2016 | 77.2% | Rs256.19 Billion | Rs331.73 Billion | Rs470.51 Billion | Rs214.32 Billion | ▲ +0.6 pp |
| 2015 | 76.7% | Rs262.24 Billion | Rs342.09 Billion | Rs490.41 Billion | Rs228.17 Billion | ▼ -2.9 pp |
| 2014 | 79.6% | Rs263.85 Billion | Rs331.61 Billion | Rs523.95 Billion | Rs260.10 Billion | ▲ +3.6 pp |
| 2013 | 76.0% | Rs232.03 Billion | Rs305.37 Billion | Rs514.11 Billion | Rs282.08 Billion | ▼ -2.5 pp |
| 2012 | 78.5% | Rs199.35 Billion | Rs254.08 Billion | Rs490.90 Billion | Rs291.55 Billion | ▲ +16.8 pp |
| 2011 | 61.7% | Rs124.32 Billion | Rs201.55 Billion | Rs516.21 Billion | Rs391.88 Billion | ▼ -3.5 pp |
| 2010 | 65.2% | Rs103.67 Billion | Rs158.96 Billion | Rs430.23 Billion | Rs326.56 Billion | ▲ +0.1 pp |
| 2009 | 65.2% | Rs84.21 Billion | Rs129.23 Billion | Rs369.85 Billion | Rs285.65 Billion | ▼ -8.0 pp |
| 2008 | 73.2% | Rs78.84 Billion | Rs107.74 Billion | Rs277.05 Billion | Rs198.21 Billion | ▼ -2.4 pp |
| 2007 | 75.6% | Rs66.43 Billion | Rs87.88 Billion | Rs210.63 Billion | Rs144.20 Billion | ▼ -6.7 pp |
| 2006 | 82.3% | Rs60.11 Billion | Rs73.01 Billion | Rs163.31 Billion | Rs103.20 Billion | ▲ +1.1 pp |
| 2005 | 81.3% | Rs48.97 Billion | Rs60.27 Billion | Rs133.43 Billion | Rs84.46 Billion | ▲ +4.1 pp |
| 2004 | 77.2% | Rs40.88 Billion | Rs52.96 Billion | Rs104.25 Billion | Rs63.37 Billion | — |