Hinduja Global Solutions Limited (HGS) — Working Capital to Net Assets Ratio
Hinduja Global Solutions Limited (HGS) has a Working Capital to Net Assets ratio of 66.6% as of December 2025. Working capital of Rs54.68 Billion (current assets of Rs79.08 Billion minus current liabilities of Rs24.40 Billion) is measured against net assets of Rs82.07 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HGS equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hinduja Global Solutions Limited Working Capital to Net Assets (2007–2025)
This chart shows how Hinduja Global Solutions Limited's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of December 2025, the ratio stands at 66.6%, reflecting working capital of Rs54.68 Billion against net assets of Rs82.07 Billion INR. Check tangible equity quality of Hinduja Global Solutions Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Hinduja Global Solutions Limited (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hinduja Global Solutions Limited from 2007 to 2025, covering 19 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 HGS market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 65.5% | Rs51.44 Billion | Rs78.55 Billion | Rs74.70 Billion | Rs23.26 Billion | ▲ +17.7 pp |
| 2024 | 47.8% | Rs36.49 Billion | Rs76.42 Billion | Rs63.96 Billion | Rs27.47 Billion | ▲ +11.3 pp |
| 2023 | 36.5% | Rs31.72 Billion | Rs87.02 Billion | Rs50.79 Billion | Rs19.07 Billion | ▼ -5.5 pp |
| 2022 | 42.0% | Rs34.54 Billion | Rs82.30 Billion | Rs61.99 Billion | Rs27.45 Billion | ▼ -21.9 pp |
| 2021 | 63.8% | Rs13.31 Billion | Rs20.85 Billion | Rs25.08 Billion | Rs11.77 Billion | ▲ +8.4 pp |
| 2020 | 55.4% | Rs9.59 Billion | Rs17.32 Billion | Rs20.53 Billion | Rs10.94 Billion | ▲ +6.6 pp |
| 2019 | 48.8% | Rs8.05 Billion | Rs16.51 Billion | Rs16.18 Billion | Rs8.13 Billion | ▲ +14.1 pp |
| 2018 | 34.6% | Rs5.26 Billion | Rs15.19 Billion | Rs13.80 Billion | Rs8.54 Billion | ▼ -3.5 pp |
| 2017 | 38.1% | Rs5.09 Billion | Rs13.37 Billion | Rs12.08 Billion | Rs6.98 Billion | ▼ -12.0 pp |
| 2016 | 50.1% | Rs5.95 Billion | Rs11.88 Billion | Rs12.74 Billion | Rs6.79 Billion | ▼ -12.9 pp |
| 2015 | 63.0% | Rs6.77 Billion | Rs10.74 Billion | Rs11.00 Billion | Rs4.24 Billion | ▲ +15.1 pp |
| 2014 | 47.9% | Rs6.95 Billion | Rs14.52 Billion | Rs11.88 Billion | Rs4.93 Billion | ▲ +3.4 pp |
| 2013 | 44.5% | Rs5.49 Billion | Rs12.35 Billion | Rs9.95 Billion | Rs4.46 Billion | ▼ -1.2 pp |
| 2012 | 45.7% | Rs5.20 Billion | Rs11.38 Billion | Rs11.37 Billion | Rs6.17 Billion | ▼ -20.6 pp |
| 2011 | 66.2% | Rs6.61 Billion | Rs9.99 Billion | Rs8.92 Billion | Rs2.30 Billion | ▼ -16.0 pp |
| 2010 | 82.2% | Rs7.80 Billion | Rs9.49 Billion | Rs9.04 Billion | Rs1.24 Billion | ▲ +2.6 pp |
| 2009 | 79.6% | Rs76.03K | Rs95.51K | Rs88.79K | Rs12.75K | ▲ +1.4 pp |
| 2008 | 78.2% | Rs57.64K | Rs73.68K | Rs67.17K | Rs9.53K | ▲ +13.6 pp |
| 2007 | 64.6% | Rs44.44K | Rs68.74K | Rs77.70K | Rs33.26K | — |