Finolex Industries Limited (FINPIPE) — Working Capital to Net Assets Ratio
Finolex Industries Limited (FINPIPE) has a Working Capital to Net Assets ratio of 43.4% as of September 2025. Working capital of Rs25.64 Billion (current assets of Rs31.62 Billion minus current liabilities of Rs5.98 Billion) is measured against net assets of Rs59.13 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Finolex Industries Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Finolex Industries Limited Working Capital to Net Assets (2005–2025)
This chart shows how Finolex 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 43.4%, reflecting working capital of Rs25.64 Billion against net assets of Rs59.13 Billion INR. Check Finolex Industries Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Finolex Industries Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Finolex 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 FINPIPE market cap overview.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 41.0% | Rs24.98 Billion | Rs60.97 Billion | Rs34.76 Billion | Rs9.78 Billion | ▲ +3.7 pp |
| 2024 | 37.2% | Rs20.99 Billion | Rs56.34 Billion | Rs32.02 Billion | Rs11.04 Billion | ▲ +1.4 pp |
| 2023 | 35.8% | Rs17.56 Billion | Rs49.03 Billion | Rs28.92 Billion | Rs11.36 Billion | ▼ -11.2 pp |
| 2022 | 47.0% | Rs18.47 Billion | Rs39.28 Billion | Rs30.46 Billion | Rs11.99 Billion | ▲ +13.5 pp |
| 2021 | 33.5% | Rs10.52 Billion | Rs31.39 Billion | Rs19.88 Billion | Rs9.36 Billion | ▲ +6.7 pp |
| 2020 | 26.8% | Rs5.33 Billion | Rs19.86 Billion | Rs12.24 Billion | Rs6.91 Billion | ▲ +6.0 pp |
| 2019 | 20.9% | Rs5.38 Billion | Rs25.76 Billion | Rs10.53 Billion | Rs5.15 Billion | ▲ +9.5 pp |
| 2018 | 11.3% | Rs3.17 Billion | Rs27.95 Billion | Rs8.08 Billion | Rs4.91 Billion | ▼ -2.4 pp |
| 2017 | 13.8% | Rs3.19 Billion | Rs23.15 Billion | Rs7.76 Billion | Rs4.57 Billion | ▲ +10.4 pp |
| 2016 | 3.4% | Rs339.17 Million | Rs9.94 Billion | Rs7.66 Billion | Rs7.32 Billion | ▼ -0.3 pp |
| 2015 | 3.7% | Rs292.88 Million | Rs7.87 Billion | Rs7.98 Billion | Rs7.68 Billion | ▲ +1.2 pp |
| 2014 | 2.5% | Rs195.09 Million | Rs7.90 Billion | Rs7.94 Billion | Rs7.74 Billion | ▲ +17.5 pp |
| 2013 | -15.1% | Rs-1.09 Billion | Rs7.21 Billion | Rs9.61 Billion | Rs10.70 Billion | ▲ +2.9 pp |
| 2012 | -18.0% | Rs-1.19 Billion | Rs6.62 Billion | Rs10.19 Billion | Rs11.38 Billion | ▼ -77.7 pp |
| 2011 | 59.7% | Rs3.70 Billion | Rs6.20 Billion | Rs8.15 Billion | Rs4.45 Billion | ▲ +14.4 pp |
| 2010 | 45.3% | Rs2.66 Billion | Rs5.88 Billion | Rs6.54 Billion | Rs3.88 Billion | ▼ -4.6 pp |
| 2009 | 49.9% | Rs2.50 Billion | Rs5.00 Billion | Rs7.31 Billion | Rs4.82 Billion | ▼ -8.8 pp |
| 2008 | 58.7% | Rs3.25 Billion | Rs5.54 Billion | Rs7.40 Billion | Rs4.15 Billion | ▲ +19.6 pp |
| 2007 | 39.1% | Rs2.07 Billion | Rs5.29 Billion | Rs5.78 Billion | Rs3.71 Billion | ▲ +75.4 pp |
| 2006 | -36.3% | Rs-1.83 Billion | Rs5.04 Billion | Rs4.54 Billion | Rs6.37 Billion | ▲ +3.0 pp |
| 2005 | -39.2% | Rs-1.98 Billion | Rs5.05 Billion | Rs4.53 Billion | Rs6.51 Billion | — |