Bharat Petroleum Corporation Limited (BPCL) — Working Capital to Net Assets Ratio
Bharat Petroleum Corporation Limited (BPCL) has a Working Capital to Net Assets ratio of -21.7% as of March 2026. Working capital of Rs-217.34 Billion (current assets of Rs837.19 Billion minus current liabilities of Rs1.05 Trillion) is measured against net assets of Rs1.00 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See BPCL defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Bharat Petroleum Corporation Limited Working Capital to Net Assets (2004–2026)
This chart shows how Bharat Petroleum Corporation 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 -21.7%, reflecting working capital of Rs-217.34 Billion against net assets of Rs1.00 Trillion INR. For the complete balance sheet picture, see balance sheet size of Bharat Petroleum Corporation Limited.
Annual Working Capital to Net Assets for Bharat Petroleum Corporation Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Bharat Petroleum Corporation 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. Check BPCL asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -21.7% | Rs-217.34 Billion | Rs1.00 Trillion | Rs837.19 Billion | Rs1.05 Trillion | ▲ +0.2 pp |
| 2025 | -21.9% | Rs-178.40 Billion | Rs813.84 Billion | Rs728.32 Billion | Rs906.72 Billion | ▲ +13.3 pp |
| 2024 | -35.2% | Rs-188.29 Billion | Rs535.22 Billion | Rs560.42 Billion | Rs748.71 Billion | ▲ +0.0 pp |
| 2023 | -35.2% | Rs-188.29 Billion | Rs535.22 Billion | Rs560.13 Billion | Rs748.42 Billion | ▲ +5.4 pp |
| 2022 | -40.6% | Rs-210.69 Billion | Rs519.06 Billion | Rs619.99 Billion | Rs830.68 Billion | ▼ -29.9 pp |
| 2021 | -10.7% | Rs-57.22 Billion | Rs535.55 Billion | Rs519.82 Billion | Rs577.04 Billion | ▲ +33.3 pp |
| 2020 | -44.0% | Rs-169.70 Billion | Rs385.89 Billion | Rs432.52 Billion | Rs602.22 Billion | ▼ -33.4 pp |
| 2019 | -10.6% | Rs-43.28 Billion | Rs408.35 Billion | Rs487.82 Billion | Rs531.10 Billion | ▲ +2.6 pp |
| 2018 | -13.2% | Rs-51.03 Billion | Rs385.24 Billion | Rs405.99 Billion | Rs457.02 Billion | ▲ +15.6 pp |
| 2017 | -28.8% | Rs-94.46 Billion | Rs327.78 Billion | Rs379.10 Billion | Rs473.56 Billion | ▼ -26.5 pp |
| 2016 | -2.3% | Rs-6.82 Billion | Rs296.06 Billion | Rs330.25 Billion | Rs337.08 Billion | ▲ +14.1 pp |
| 2015 | -16.4% | Rs-39.10 Billion | Rs238.48 Billion | Rs362.79 Billion | Rs401.88 Billion | ▼ -32.6 pp |
| 2014 | 16.2% | Rs33.30 Billion | Rs205.87 Billion | Rs468.28 Billion | Rs434.98 Billion | ▲ +36.6 pp |
| 2013 | -20.4% | Rs-36.48 Billion | Rs178.52 Billion | Rs430.71 Billion | Rs467.18 Billion | ▲ +27.3 pp |
| 2012 | -47.7% | Rs-80.69 Billion | Rs169.15 Billion | Rs444.19 Billion | Rs524.88 Billion | ▼ -87.3 pp |
| 2011 | 39.6% | Rs64.79 Billion | Rs163.48 Billion | Rs305.30 Billion | Rs240.51 Billion | ▼ -0.3 pp |
| 2010 | 40.0% | Rs60.30 Billion | Rs150.83 Billion | Rs248.87 Billion | Rs188.57 Billion | ▲ +20.9 pp |
| 2009 | 19.1% | Rs27.13 Billion | Rs142.13 Billion | Rs168.09 Billion | Rs140.96 Billion | ▼ -21.3 pp |
| 2008 | 40.4% | Rs55.66 Billion | Rs137.68 Billion | Rs215.19 Billion | Rs159.53 Billion | ▲ +13.3 pp |
| 2007 | 27.2% | Rs32.95 Billion | Rs121.28 Billion | Rs155.26 Billion | Rs122.31 Billion | ▼ -15.1 pp |
| 2006 | 42.3% | Rs44.57 Billion | Rs105.45 Billion | Rs144.03 Billion | Rs99.46 Billion | ▲ +3.4 pp |
| 2005 | 38.9% | Rs36.30 Billion | Rs93.32 Billion | Rs135.63 Billion | Rs99.32 Billion | ▲ +16.4 pp |
| 2004 | 22.5% | Rs17.54 Billion | Rs77.95 Billion | Rs109.17 Billion | Rs91.62 Billion | — |