Excel Industries Limited (EXCELINDUS) — Working Capital to Net Assets Ratio
Excel Industries Limited (EXCELINDUS) has a Working Capital to Net Assets ratio of 21.1% as of September 2025. Working capital of Rs3.81 Billion (current assets of Rs6.32 Billion minus current liabilities of Rs2.51 Billion) is measured against net assets of Rs18.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Excel Industries Limited (EXCELINDUS) net asset quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Excel Industries Limited Working Capital to Net Assets (2005–2025)
This chart shows how Excel 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 21.1%, reflecting working capital of Rs3.81 Billion against net assets of Rs18.08 Billion INR. Check Excel Industries Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Excel Industries Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Excel 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 EXCELINDUS market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 23.9% | Rs3.80 Billion | Rs15.89 Billion | Rs5.54 Billion | Rs1.74 Billion | ▲ +1.8 pp |
| 2024 | 22.2% | Rs3.17 Billion | Rs14.27 Billion | Rs5.20 Billion | Rs2.03 Billion | ▼ -3.9 pp |
| 2023 | 26.1% | Rs3.24 Billion | Rs12.42 Billion | Rs4.47 Billion | Rs1.23 Billion | ▲ +2.1 pp |
| 2022 | 24.0% | Rs2.76 Billion | Rs11.49 Billion | Rs4.78 Billion | Rs2.02 Billion | ▲ +3.8 pp |
| 2021 | 20.2% | Rs1.72 Billion | Rs8.52 Billion | Rs3.29 Billion | Rs1.57 Billion | ▲ +1.3 pp |
| 2020 | 18.8% | Rs1.32 Billion | Rs7.01 Billion | Rs2.80 Billion | Rs1.48 Billion | ▼ -11.1 pp |
| 2019 | 30.0% | Rs2.10 Billion | Rs7.00 Billion | Rs3.27 Billion | Rs1.17 Billion | ▲ +11.7 pp |
| 2018 | 18.3% | Rs974.13 Million | Rs5.32 Billion | Rs2.09 Billion | Rs1.12 Billion | ▲ +1.5 pp |
| 2017 | 16.8% | Rs688.47 Million | Rs4.10 Billion | Rs2.07 Billion | Rs1.39 Billion | ▼ -1.0 pp |
| 2016 | 17.8% | Rs374.54 Million | Rs2.11 Billion | Rs2.09 Billion | Rs1.72 Billion | ▼ -6.3 pp |
| 2015 | 24.0% | Rs447.70 Million | Rs1.86 Billion | Rs1.98 Billion | Rs1.53 Billion | ▲ +5.4 pp |
| 2014 | 18.7% | Rs284.06 Million | Rs1.52 Billion | Rs1.76 Billion | Rs1.47 Billion | ▲ +6.7 pp |
| 2013 | 12.0% | Rs162.06 Million | Rs1.36 Billion | Rs1.51 Billion | Rs1.35 Billion | ▲ +0.5 pp |
| 2012 | 11.4% | Rs142.26 Million | Rs1.24 Billion | Rs1.51 Billion | Rs1.36 Billion | ▼ -9.1 pp |
| 2011 | 20.5% | Rs228.60 Million | Rs1.12 Billion | Rs1.17 Billion | Rs938.89 Million | ▼ -37.9 pp |
| 2010 | 58.4% | Rs597.57 Million | Rs1.02 Billion | Rs1.13 Billion | Rs533.46 Million | ▼ -5.7 pp |
| 2009 | 64.1% | Rs623.51 Million | Rs973.25 Million | Rs1.14 Billion | Rs513.06 Million | ▲ +56.4 pp |
| 2008 | 7.7% | Rs75.35 Million | Rs977.63 Million | Rs1.17 Billion | Rs1.09 Billion | ▼ -55.1 pp |
| 2007 | 62.8% | Rs604.64 Million | Rs963.20 Million | Rs1.12 Billion | Rs520.20 Million | ▲ +46.3 pp |
| 2006 | 16.4% | Rs167.41 Million | Rs1.02 Billion | Rs1.37 Billion | Rs1.21 Billion | ▼ -5.9 pp |
| 2005 | 22.4% | Rs223.94 Million | Rs1.00 Billion | Rs1.47 Billion | Rs1.25 Billion | — |