Happy Forgings Limited (HAPPYFORGE) — 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. See Happy Forgings Limited balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Happy Forgings Limited Working Capital to Net Assets (2019–2024)
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. Check tangible equity quality of Happy Forgings Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Happy Forgings Limited (2019–2024)
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 live market cap and the full company profile, see Happy Forgings Limited (HAPPYFORGE) market capitalisation.
| 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 | — |