Gandhar Oil Refinery (India) Limited (GANDHAR) — Working Capital to Net Assets Ratio
Gandhar Oil Refinery (India) Limited (GANDHAR) has a Working Capital to Net Assets ratio of 73.8% as of March 2026. Working capital of Rs10.32 Billion (current assets of Rs16.73 Billion minus current liabilities of Rs6.41 Billion) is measured against net assets of Rs14.00 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Gandhar Oil Refinery (India) Limited (GANDHAR) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Gandhar Oil Refinery (India) Limited Working Capital to Net Assets (2013–2026)
This chart shows how Gandhar Oil Refinery (India) Limited's Working Capital to Net Assets ratio has evolved across 14 annual periods from 2013 to 2026. As of March 2026, the ratio stands at 73.8%, reflecting working capital of Rs10.32 Billion against net assets of Rs14.00 Billion INR. See GANDHAR defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Gandhar Oil Refinery (India) Limited (2013–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Gandhar Oil Refinery (India) Limited from 2013 to 2026, covering 14 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 Gandhar Oil Refinery (India) Limited market cap and net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 73.8% | Rs10.32 Billion | Rs14.00 Billion | Rs16.73 Billion | Rs6.41 Billion | ▼ -2.1 pp |
| 2025 | 75.8% | Rs9.78 Billion | Rs12.89 Billion | Rs14.89 Billion | Rs5.12 Billion | ▼ -0.6 pp |
| 2024 | 76.5% | Rs9.36 Billion | Rs12.24 Billion | Rs15.52 Billion | Rs6.16 Billion | ▲ +14.2 pp |
| 2023 | 62.3% | Rs4.74 Billion | Rs7.60 Billion | Rs12.55 Billion | Rs7.81 Billion | ▼ -3.4 pp |
| 2022 | 65.7% | Rs3.68 Billion | Rs5.61 Billion | Rs10.62 Billion | Rs6.93 Billion | ▲ +1.9 pp |
| 2021 | 63.8% | Rs2.40 Billion | Rs3.76 Billion | Rs8.83 Billion | Rs6.44 Billion | ▼ -9.4 pp |
| 2020 | 73.2% | Rs2.86 Billion | Rs3.90 Billion | Rs9.18 Billion | Rs6.32 Billion | ▲ +0.1 pp |
| 2019 | 73.1% | Rs2.81 Billion | Rs3.84 Billion | Rs11.62 Billion | Rs8.81 Billion | ▼ -0.8 pp |
| 2018 | 73.9% | Rs2.82 Billion | Rs3.82 Billion | Rs12.18 Billion | Rs9.35 Billion | ▼ -2.2 pp |
| 2017 | 76.1% | Rs2.29 Billion | Rs3.01 Billion | Rs10.21 Billion | Rs7.92 Billion | ▲ +3.6 pp |
| 2016 | 72.5% | Rs1.66 Billion | Rs2.28 Billion | Rs7.95 Billion | Rs6.29 Billion | ▲ +1.2 pp |
| 2015 | 71.3% | Rs1.47 Billion | Rs2.06 Billion | Rs10.31 Billion | Rs8.84 Billion | ▲ +9.4 pp |
| 2014 | 61.9% | Rs867.99 Million | Rs1.40 Billion | Rs6.99 Billion | Rs6.12 Billion | ▼ -1.0 pp |
| 2013 | 63.0% | Rs634.89 Million | Rs1.01 Billion | Rs5.37 Billion | Rs4.74 Billion | — |