Happiest Minds Technologies Limited (HAPPSTMNDS) — Working Capital to Net Assets Ratio
Happiest Minds Technologies Limited (HAPPSTMNDS) has a Working Capital to Net Assets ratio of 54.1% as of December 2025. Working capital of Rs8.85 Billion (current assets of Rs20.94 Billion minus current liabilities of Rs12.10 Billion) is measured against net assets of Rs16.35 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Happiest Minds Technologies Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Happiest Minds Technologies Limited Working Capital to Net Assets (2013–2025)
This chart shows how Happiest Minds Technologies Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 54.1%, reflecting working capital of Rs8.85 Billion against net assets of Rs16.35 Billion INR. See HAPPSTMNDS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Happiest Minds Technologies Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Happiest Minds Technologies 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 Happiest Minds Technologies Limited stock valuation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 50.4% | Rs7.93 Billion | Rs15.75 Billion | Rs20.01 Billion | Rs12.08 Billion | ▼ -31.4 pp |
| 2024 | 81.8% | Rs12.11 Billion | Rs14.80 Billion | Rs17.78 Billion | Rs5.67 Billion | ▲ +22.6 pp |
| 2023 | 59.2% | Rs4.97 Billion | Rs8.39 Billion | Rs10.73 Billion | Rs5.76 Billion | ▼ -25.3 pp |
| 2022 | 84.5% | Rs5.63 Billion | Rs6.66 Billion | Rs9.27 Billion | Rs3.65 Billion | ▼ -0.8 pp |
| 2021 | 85.3% | Rs4.66 Billion | Rs5.46 Billion | Rs7.45 Billion | Rs2.79 Billion | ▼ -2.7 pp |
| 2020 | 88.0% | Rs2.33 Billion | Rs2.65 Billion | Rs4.45 Billion | Rs2.12 Billion | ▼ -60.4 pp |
| 2019 | 148.4% | Rs-980.40 Million | Rs-660.50 Million | Rs3.34 Billion | Rs4.32 Billion | ▲ +10.1 pp |
| 2018 | 138.4% | Rs-1.51 Billion | Rs-1.09 Billion | Rs2.78 Billion | Rs4.29 Billion | ▲ +46.3 pp |
| 2017 | 92.1% | Rs1.88 Billion | Rs2.04 Billion | Rs2.84 Billion | Rs961.20 Million | ▲ +7.0 pp |
| 2016 | 85.0% | Rs1.07 Billion | Rs1.26 Billion | Rs1.86 Billion | Rs794.60 Million | ▼ -1.3 pp |
| 2015 | 86.3% | Rs1.02 Billion | Rs1.19 Billion | Rs1.58 Billion | Rs556.04 Million | ▼ -1.7 pp |
| 2014 | 88.0% | Rs859.98 Million | Rs976.95 Million | Rs1.21 Billion | Rs346.94 Million | ▲ +5.6 pp |
| 2013 | 82.5% | Rs399.88 Million | Rs484.94 Million | Rs631.54 Million | Rs231.66 Million | — |