Ester Industries Limited (ESTER) — Working Capital to Net Assets Ratio
Ester Industries Limited (ESTER) has a Working Capital to Net Assets ratio of 25.8% as of September 2025. Working capital of Rs2.05 Billion (current assets of Rs6.17 Billion minus current liabilities of Rs4.13 Billion) is measured against net assets of Rs7.92 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Ester Industries Limited balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ester Industries Limited Working Capital to Net Assets (2005–2025)
This chart shows how Ester Industries Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 25.8%, reflecting working capital of Rs2.05 Billion against net assets of Rs7.92 Billion INR. Check Ester Industries Limited (ESTER) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Ester Industries Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ester Industries Limited from 2005 to 2025, covering 21 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 ESTER company net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 22.4% | Rs1.73 Billion | Rs7.73 Billion | Rs5.05 Billion | Rs3.32 Billion | ▲ +6.6 pp |
| 2024 | 15.9% | Rs1.14 Billion | Rs7.18 Billion | Rs5.43 Billion | Rs4.29 Billion | ▼ -17.4 pp |
| 2023 | 33.3% | Rs2.48 Billion | Rs7.43 Billion | Rs6.07 Billion | Rs3.59 Billion | ▼ -8.1 pp |
| 2022 | 41.4% | Rs2.58 Billion | Rs6.22 Billion | Rs5.29 Billion | Rs2.71 Billion | ▲ +8.5 pp |
| 2021 | 33.0% | Rs1.69 Billion | Rs5.12 Billion | Rs3.54 Billion | Rs1.85 Billion | ▲ +2.4 pp |
| 2020 | 30.6% | Rs1.25 Billion | Rs4.08 Billion | Rs2.85 Billion | Rs1.60 Billion | ▲ +19.5 pp |
| 2019 | 11.1% | Rs350.50 Million | Rs3.14 Billion | Rs2.65 Billion | Rs2.30 Billion | ▲ +25.7 pp |
| 2018 | -14.5% | Rs-411.23 Million | Rs2.83 Billion | Rs2.94 Billion | Rs3.36 Billion | ▼ -5.8 pp |
| 2017 | -8.7% | Rs-241.20 Million | Rs2.77 Billion | Rs2.55 Billion | Rs2.79 Billion | ▼ -11.5 pp |
| 2016 | 2.8% | Rs80.51 Million | Rs2.92 Billion | Rs2.73 Billion | Rs2.65 Billion | ▲ +0.3 pp |
| 2015 | 2.5% | Rs68.02 Million | Rs2.72 Billion | Rs2.93 Billion | Rs2.86 Billion | ▲ +2.9 pp |
| 2014 | -0.4% | Rs-10.06 Million | Rs2.63 Billion | Rs2.81 Billion | Rs2.82 Billion | ▼ -20.8 pp |
| 2013 | 20.4% | Rs525.84 Million | Rs2.58 Billion | Rs2.64 Billion | Rs2.12 Billion | ▼ -7.3 pp |
| 2012 | 27.7% | Rs728.85 Million | Rs2.63 Billion | Rs2.43 Billion | Rs1.70 Billion | ▲ +36.0 pp |
| 2011 | -8.3% | Rs-230.79 Million | Rs2.77 Billion | Rs2.43 Billion | Rs2.66 Billion | ▼ -51.9 pp |
| 2010 | 43.6% | Rs774.58 Million | Rs1.78 Billion | Rs1.29 Billion | Rs514.88 Million | ▼ -5.3 pp |
| 2009 | 48.9% | Rs685.67 Million | Rs1.40 Billion | Rs966.57 Million | Rs280.90 Million | ▼ -11.6 pp |
| 2008 | 60.5% | Rs680.14 Million | Rs1.12 Billion | Rs1.06 Billion | Rs383.00 Million | ▲ +69.4 pp |
| 2007 | -8.9% | Rs-97.27 Million | Rs1.09 Billion | Rs877.72 Million | Rs975.00 Million | ▼ -11.9 pp |
| 2006 | 2.9% | Rs34.87 Million | Rs1.20 Billion | Rs782.92 Million | Rs748.05 Million | ▼ -19.0 pp |
| 2005 | 21.9% | Rs312.37 Million | Rs1.43 Billion | Rs905.14 Million | Rs592.77 Million | — |