Happy Forgings Limited Working Capital to Net Assets Ratio
Happy Forgings Limited working capital to net assets ratio. Happy Forgings Limited (HAPPYFORGE) has a Working Capital to Net Assets ratio of 33.1% as of September 2025. Working capital of Rs6.48 Billion (current assets of Rs9.49 Billion minus current liabilities of Rs3.01 Billion) is measured against net assets of Rs19.59 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Happy Forgings Limited (2019–2024)
Working capital to net assets ratio of Happy Forgings Limited from 2019 to 2024. This chart shows how Happy Forgings Limited's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 33.1%, reflecting working capital of Rs6.48 Billion against net assets of Rs19.59 Billion INR. See HAPPYFORGE defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Happy Forgings Limited Working Capital to Net Assets Ratio by Year (2019–2024)
Happy Forgings Limited working capital to net assets ratio by year from 2019 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Happy Forgings Limited from 2019 to 2024, covering 6 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 the complete balance sheet picture, see balance sheet size of Happy Forgings Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 32.0% | Rs5.92 Billion | Rs18.50 Billion | Rs9.19 Billion | Rs3.26 Billion | ▲ +1.0 pp |
| 2023 | 31.0% | Rs5.00 Billion | Rs16.12 Billion | Rs7.42 Billion | Rs2.42 Billion | ▲ +7.4 pp |
| 2022 | 23.6% | Rs2.33 Billion | Rs9.88 Billion | Rs4.90 Billion | Rs2.57 Billion | ▲ +0.7 pp |
| 2021 | 22.9% | Rs1.80 Billion | Rs7.88 Billion | Rs4.26 Billion | Rs2.45 Billion | ▼ -1.3 pp |
| 2020 | 24.2% | Rs1.56 Billion | Rs6.45 Billion | Rs3.37 Billion | Rs1.81 Billion | ▼ -2.3 pp |
| 2019 | 26.5% | Rs1.48 Billion | Rs5.58 Billion | Rs2.77 Billion | Rs1.29 Billion | — |