Bharat Heavy Electricals Limited (BHEL) — Working Capital to Net Assets Ratio

Latest as of March 2026: 73.3%

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 (BHEL) flexibility index to measure the company's free cash flow as a share of total liabilities.

WC/NA Ratio

73.3%
Working Capital / Net Assets

Working Capital

Rs191.53 Billion
INR

Current Assets

Rs514.55 Billion
INR

Current Liabilities

Rs323.02 Billion
INR

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. See BHEL days of operational coverage to measure how many days the company can operate on defensive assets alone.

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 how much is Bharat Heavy Electricals Limited 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 —
pp = percentage points