Ganga Forging Limited (GANGAFORGE) — Working Capital to Net Assets Ratio
Ganga Forging Limited (GANGAFORGE) has a Working Capital to Net Assets ratio of 33.5% as of September 2025. Working capital of Rs97.14 Million (current assets of Rs305.78 Million minus current liabilities of Rs208.64 Million) is measured against net assets of Rs289.59 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Ganga Forging Limited (GANGAFORGE) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ganga Forging Limited Working Capital to Net Assets (2013–2025)
This chart shows how Ganga Forging Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of September 2025, the ratio stands at 33.5%, reflecting working capital of Rs97.14 Million against net assets of Rs289.59 Million INR. Check GANGAFORGE tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Ganga Forging Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ganga Forging Limited from 2013 to 2025, covering 13 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 Ganga Forging Limited (GANGAFORGE) total market value.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 36.3% | Rs116.78 Million | Rs321.89 Million | Rs312.98 Million | Rs196.21 Million | ▼ -19.0 pp |
| 2024 | 55.2% | Rs173.54 Million | Rs314.13 Million | Rs296.99 Million | Rs123.45 Million | ▲ +36.2 pp |
| 2023 | 19.1% | Rs25.42 Million | Rs133.34 Million | Rs182.00 Million | Rs156.59 Million | ▼ -1.3 pp |
| 2022 | 20.4% | Rs23.71 Million | Rs116.50 Million | Rs146.70 Million | Rs122.99 Million | ▲ +14.0 pp |
| 2021 | 6.3% | Rs7.65 Million | Rs121.05 Million | Rs156.45 Million | Rs148.81 Million | ▲ +8.7 pp |
| 2020 | -2.4% | Rs-2.83 Million | Rs119.98 Million | Rs166.10 Million | Rs168.93 Million | ▼ -24.6 pp |
| 2019 | 22.3% | Rs31.44 Million | Rs141.13 Million | Rs188.77 Million | Rs157.33 Million | ▲ +22.5 pp |
| 2018 | -0.3% | Rs-214.81K | Rs85.90 Million | Rs145.86 Million | Rs146.07 Million | ▼ -17.9 pp |
| 2017 | 17.7% | Rs6.96 Million | Rs39.30 Million | Rs89.81 Million | Rs82.86 Million | ▲ +33.3 pp |
| 2016 | -15.6% | Rs-5.37 Million | Rs34.45 Million | Rs83.76 Million | Rs89.13 Million | ▼ -14.0 pp |
| 2015 | -1.6% | Rs-520.00K | Rs31.92 Million | Rs79.64 Million | Rs80.16 Million | ▼ -123.2 pp |
| 2014 | 121.5% | Rs33.13 Million | Rs27.26 Million | Rs73.77 Million | Rs40.63 Million | ▲ +37.3 pp |
| 2013 | 84.2% | Rs17.85 Million | Rs21.19 Million | Rs62.04 Million | Rs44.20 Million | — |