Dharmaj Crop Guard Limited (DHARMAJ) — Working Capital to Net Assets Ratio
Dharmaj Crop Guard Limited (DHARMAJ) has a Working Capital to Net Assets ratio of 41.5% as of September 2025. Working capital of Rs1.84 Billion (current assets of Rs6.30 Billion minus current liabilities of Rs4.45 Billion) is measured against net assets of Rs4.44 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Dharmaj Crop Guard Limited free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Dharmaj Crop Guard Limited Working Capital to Net Assets (2018–2025)
This chart shows how Dharmaj Crop Guard Limited's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2018 to 2025. As of September 2025, the ratio stands at 41.5%, reflecting working capital of Rs1.84 Billion against net assets of Rs4.44 Billion INR. See DHARMAJ defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Dharmaj Crop Guard Limited (2018–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Dharmaj Crop Guard Limited from 2018 to 2025, covering 8 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 DHARMAJ stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.1% | Rs1.43 Billion | Rs3.94 Billion | Rs4.11 Billion | Rs2.69 Billion | ▲ +3.1 pp |
| 2024 | 33.0% | Rs1.19 Billion | Rs3.59 Billion | Rs2.44 Billion | Rs1.26 Billion | ▼ -32.3 pp |
| 2023 | 65.3% | Rs2.06 Billion | Rs3.15 Billion | Rs2.89 Billion | Rs829.97 Million | ▲ +9.8 pp |
| 2022 | 55.5% | Rs471.33 Million | Rs849.18 Million | Rs1.54 Billion | Rs1.07 Billion | ▲ +6.2 pp |
| 2021 | 49.3% | Rs278.04 Million | Rs563.44 Million | Rs830.33 Million | Rs552.29 Million | ▲ +18.1 pp |
| 2020 | 31.2% | Rs110.67 Million | Rs354.29 Million | Rs616.80 Million | Rs506.13 Million | ▼ -104.8 pp |
| 2019 | 136.0% | Rs143.14 Million | Rs105.25 Million | Rs333.01 Million | Rs189.87 Million | ▼ -48.1 pp |
| 2018 | 184.1% | Rs101.48 Million | Rs55.12 Million | Rs226.04 Million | Rs124.56 Million | — |