HCL Technologies Limited (HCLTECH) — Working Capital to Net Assets Ratio
HCL Technologies Limited (HCLTECH) has a Working Capital to Net Assets ratio of 51.5% as of March 2026. Working capital of Rs387.16 Billion (current assets of Rs705.42 Billion minus current liabilities of Rs318.26 Billion) is measured against net assets of Rs751.97 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HCL Technologies Limited leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
HCL Technologies Limited Working Capital to Net Assets (2004–2026)
This chart shows how HCL Technologies Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 51.5%, reflecting working capital of Rs387.16 Billion against net assets of Rs751.97 Billion INR. See HCLTECH days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for HCL Technologies Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for HCL Technologies Limited from 2004 to 2026, covering 23 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 HCLTECH stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 51.5% | Rs387.16 Billion | Rs751.97 Billion | Rs705.42 Billion | Rs318.26 Billion | ▲ +3.6 pp |
| 2025 | 47.9% | Rs333.28 Billion | Rs696.27 Billion | Rs613.58 Billion | Rs280.30 Billion | ▼ -5.7 pp |
| 2024 | 53.6% | Rs365.71 Billion | Rs682.10 Billion | Rs592.86 Billion | Rs227.14 Billion | ▲ +4.5 pp |
| 2023 | 49.1% | Rs321.36 Billion | Rs654.07 Billion | Rs535.60 Billion | Rs214.24 Billion | ▲ +1.9 pp |
| 2022 | 47.2% | Rs293.29 Billion | Rs621.37 Billion | Rs481.48 Billion | Rs188.19 Billion | ▲ +4.5 pp |
| 2021 | 42.7% | Rs257.06 Billion | Rs601.69 Billion | Rs431.25 Billion | Rs174.18 Billion | ▲ +14.5 pp |
| 2020 | 28.3% | Rs147.06 Billion | Rs520.56 Billion | Rs383.09 Billion | Rs236.03 Billion | ▼ -13.1 pp |
| 2019 | 41.3% | Rs175.27 Billion | Rs423.94 Billion | Rs298.35 Billion | Rs123.09 Billion | ▲ +2.1 pp |
| 2018 | 39.3% | Rs144.36 Billion | Rs367.44 Billion | Rs245.03 Billion | Rs100.67 Billion | ▼ -5.9 pp |
| 2017 | 45.2% | Rs151.16 Billion | Rs334.55 Billion | Rs264.30 Billion | Rs113.14 Billion | ▼ -9.1 pp |
| 2016 | 54.3% | Rs152.26 Billion | Rs280.29 Billion | Rs249.91 Billion | Rs97.64 Billion | ▼ -0.4 pp |
| 2015 | 54.8% | Rs135.52 Billion | Rs247.51 Billion | Rs231.39 Billion | Rs95.87 Billion | ▲ +0.4 pp |
| 2014 | 54.3% | Rs108.97 Billion | Rs200.51 Billion | Rs198.02 Billion | Rs89.06 Billion | ▲ +9.8 pp |
| 2013 | 44.5% | Rs3.82 Trillion | Rs8.58 Trillion | Rs7.84 Trillion | Rs4.02 Trillion | ▲ +18.7 pp |
| 2012 | 25.8% | Rs25.42 Billion | Rs98.39 Billion | Rs90.95 Billion | Rs65.53 Billion | ▼ -8.0 pp |
| 2011 | 33.9% | Rs25.93 Billion | Rs76.57 Billion | Rs66.57 Billion | Rs40.64 Billion | ▼ -3.7 pp |
| 2010 | 37.5% | Rs23.61 Billion | Rs62.93 Billion | Rs59.47 Billion | Rs35.86 Billion | ▼ -4.1 pp |
| 2009 | 41.7% | Rs20.60 Billion | Rs49.46 Billion | Rs58.62 Billion | Rs38.01 Billion | ▲ +16.9 pp |
| 2008 | 24.8% | Rs10.38 Billion | Rs41.88 Billion | Rs36.00 Billion | Rs25.61 Billion | ▼ -9.5 pp |
| 2007 | 34.3% | Rs14.02 Billion | Rs40.84 Billion | Rs25.63 Billion | Rs11.60 Billion | ▲ +13.4 pp |
| 2006 | 20.9% | Rs6.51 Billion | Rs31.15 Billion | Rs15.74 Billion | Rs9.23 Billion | ▲ +7.6 pp |
| 2005 | 13.3% | Rs4.60 Billion | Rs34.54 Billion | Rs11.44 Billion | Rs6.85 Billion | ▼ -62.1 pp |
| 2004 | 75.4% | Rs23.07 Billion | Rs30.60 Billion | Rs28.81 Billion | Rs5.74 Billion | — |