Excel Industries Limited (EXCELINDUS) — Working Capital to Net Assets Ratio
Excel Industries Limited (EXCELINDUS) has a Working Capital to Net Assets ratio of 19.8% as of March 2026. Working capital of Rs3.37 Billion (current assets of Rs5.62 Billion minus current liabilities of Rs2.26 Billion) is measured against net assets of Rs17.03 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See EXCELINDUS days of operational coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Excel Industries Limited Working Capital to Net Assets (2005–2026)
This chart shows how Excel Industries Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the ratio stands at 19.8%, reflecting working capital of Rs3.37 Billion against net assets of Rs17.03 Billion INR. For the complete balance sheet picture, see EXCELINDUS current and non-current assets.
Annual Working Capital to Net Assets for Excel Industries Limited (2005–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Excel Industries Limited from 2005 to 2026, covering 22 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 EXCELINDUS financial resilience 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 | 19.8% | Rs3.37 Billion | Rs17.03 Billion | Rs5.62 Billion | Rs2.26 Billion | ▼ -4.2 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 | — |