Hero MotoCorp Limited (HEROMOTOCO) — Working Capital to Net Assets Ratio
Hero MotoCorp Limited (HEROMOTOCO) has a Working Capital to Net Assets ratio of 41.3% as of March 2026. Working capital of Rs90.00 Billion (current assets of Rs189.05 Billion minus current liabilities of Rs99.04 Billion) is measured against net assets of Rs218.11 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Hero MotoCorp Limited to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hero MotoCorp Limited Working Capital to Net Assets (2004–2026)
This chart shows how Hero MotoCorp 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 41.3%, reflecting working capital of Rs90.00 Billion against net assets of Rs218.11 Billion INR. See Hero MotoCorp Limited liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Hero MotoCorp Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hero MotoCorp 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 Hero MotoCorp Limited (HEROMOTOCO) market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 41.3% | Rs90.00 Billion | Rs218.11 Billion | Rs189.05 Billion | Rs99.04 Billion | ▲ +10.6 pp |
| 2025 | 30.7% | Rs59.58 Billion | Rs194.04 Billion | Rs134.34 Billion | Rs74.76 Billion | ▲ +12.4 pp |
| 2024 | 18.3% | Rs32.67 Billion | Rs178.35 Billion | Rs103.15 Billion | Rs70.48 Billion | ▼ -2.1 pp |
| 2023 | 20.4% | Rs34.23 Billion | Rs167.81 Billion | Rs94.35 Billion | Rs60.13 Billion | ▼ -11.2 pp |
| 2022 | 31.6% | Rs50.55 Billion | Rs159.95 Billion | Rs105.72 Billion | Rs55.18 Billion | ▲ +0.3 pp |
| 2021 | 31.3% | Rs48.66 Billion | Rs155.60 Billion | Rs113.70 Billion | Rs65.05 Billion | ▲ +1.2 pp |
| 2020 | 30.0% | Rs43.70 Billion | Rs145.47 Billion | Rs86.49 Billion | Rs42.79 Billion | ▼ -0.2 pp |
| 2019 | 30.2% | Rs40.04 Billion | Rs132.37 Billion | Rs84.13 Billion | Rs44.09 Billion | ▼ -7.2 pp |
| 2018 | 37.5% | Rs45.21 Billion | Rs120.65 Billion | Rs90.02 Billion | Rs44.81 Billion | ▲ +4.8 pp |
| 2017 | 32.7% | Rs33.94 Billion | Rs103.83 Billion | Rs75.71 Billion | Rs41.77 Billion | ▲ +2.0 pp |
| 2016 | 30.7% | Rs27.32 Billion | Rs88.89 Billion | Rs63.03 Billion | Rs35.72 Billion | ▲ +9.5 pp |
| 2015 | 21.2% | Rs13.93 Billion | Rs65.59 Billion | Rs53.80 Billion | Rs39.86 Billion | ▲ +1.1 pp |
| 2014 | 20.2% | Rs11.35 Billion | Rs56.23 Billion | Rs55.58 Billion | Rs44.24 Billion | ▲ +2.0 pp |
| 2013 | 18.1% | Rs9.07 Billion | Rs49.99 Billion | Rs50.78 Billion | Rs41.71 Billion | ▲ +6.7 pp |
| 2012 | 11.4% | Rs4.90 Billion | Rs42.90 Billion | Rs48.31 Billion | Rs43.41 Billion | ▲ +168.4 pp |
| 2011 | -157.0% | Rs-46.40 Billion | Rs29.56 Billion | Rs15.05 Billion | Rs61.45 Billion | ▼ -100.7 pp |
| 2010 | -56.2% | Rs-19.49 Billion | Rs34.65 Billion | Rs28.83 Billion | Rs48.31 Billion | ▼ -28.9 pp |
| 2009 | -27.3% | Rs-10.39 Billion | Rs38.01 Billion | Rs10.13 Billion | Rs20.53 Billion | ▲ +2.4 pp |
| 2008 | -29.7% | Rs-8.88 Billion | Rs29.86 Billion | Rs9.37 Billion | Rs18.25 Billion | ▼ -6.8 pp |
| 2007 | -22.9% | Rs-5.66 Billion | Rs24.70 Billion | Rs9.13 Billion | Rs14.79 Billion | ▲ +14.0 pp |
| 2006 | -36.9% | Rs-7.42 Billion | Rs20.09 Billion | Rs8.21 Billion | Rs15.63 Billion | ▲ +26.4 pp |
| 2005 | -63.3% | Rs-9.46 Billion | Rs14.93 Billion | Rs5.55 Billion | Rs15.00 Billion | ▲ +2.6 pp |
| 2004 | -66.0% | Rs-7.51 Billion | Rs11.39 Billion | Rs5.09 Billion | Rs12.60 Billion | — |