Hindalco Industries Limited (HINDALCO) — Working Capital to Net Assets Ratio
Hindalco Industries Limited (HINDALCO) has a Working Capital to Net Assets ratio of 27.8% as of September 2025. Working capital of Rs374.95 Billion (current assets of Rs1.16 Trillion minus current liabilities of Rs789.54 Billion) is measured against net assets of Rs1.35 Trillion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Hindalco Industries Limited free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Hindalco Industries Limited Working Capital to Net Assets (2004–2025)
This chart shows how Hindalco Industries Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 27.8%, reflecting working capital of Rs374.95 Billion against net assets of Rs1.35 Trillion INR. See Hindalco Industries Limited (HINDALCO) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Hindalco Industries Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Hindalco Industries Limited from 2004 to 2025, covering 22 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 Hindalco Industries Limited stock valuation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 29.5% | Rs364.43 Billion | Rs1.24 Trillion | Rs1.02 Trillion | Rs655.16 Billion | ▲ +7.8 pp |
| 2024 | 21.7% | Rs229.92 Billion | Rs1.06 Trillion | Rs823.43 Billion | Rs593.51 Billion | ▼ -8.8 pp |
| 2023 | 30.4% | Rs288.53 Billion | Rs948.17 Billion | Rs893.11 Billion | Rs604.58 Billion | ▲ +3.2 pp |
| 2022 | 27.2% | Rs212.70 Billion | Rs782.02 Billion | Rs985.43 Billion | Rs772.73 Billion | ▼ -1.6 pp |
| 2021 | 28.8% | Rs191.35 Billion | Rs665.43 Billion | Rs676.38 Billion | Rs485.03 Billion | ▼ -21.1 pp |
| 2020 | 49.8% | Rs290.65 Billion | Rs583.27 Billion | Rs662.82 Billion | Rs372.17 Billion | ▲ +14.6 pp |
| 2019 | 35.2% | Rs202.55 Billion | Rs575.11 Billion | Rs539.93 Billion | Rs337.39 Billion | ▲ +3.1 pp |
| 2018 | 32.2% | Rs176.47 Billion | Rs548.60 Billion | Rs499.63 Billion | Rs323.17 Billion | ▲ +6.2 pp |
| 2017 | 25.9% | Rs119.51 Billion | Rs460.65 Billion | Rs501.14 Billion | Rs381.64 Billion | ▼ -6.1 pp |
| 2016 | 32.1% | Rs131.40 Billion | Rs409.88 Billion | Rs448.49 Billion | Rs317.09 Billion | ▲ +6.3 pp |
| 2015 | 25.7% | Rs101.09 Billion | Rs392.85 Billion | Rs472.52 Billion | Rs371.43 Billion | ▼ -4.4 pp |
| 2014 | 30.1% | Rs127.60 Billion | Rs423.85 Billion | Rs442.66 Billion | Rs315.05 Billion | ▼ -12.9 pp |
| 2013 | 43.0% | Rs159.63 Billion | Rs370.90 Billion | Rs391.14 Billion | Rs231.52 Billion | ▲ +5.2 pp |
| 2012 | 37.8% | Rs127.16 Billion | Rs336.20 Billion | Rs330.17 Billion | Rs203.01 Billion | ▲ +3.4 pp |
| 2011 | 34.4% | Rs107.40 Billion | Rs312.40 Billion | Rs324.24 Billion | Rs216.84 Billion | ▲ +12.2 pp |
| 2010 | 22.2% | Rs51.72 Billion | Rs232.82 Billion | Rs231.88 Billion | Rs180.17 Billion | ▲ +4.5 pp |
| 2009 | 17.7% | Rs30.11 Billion | Rs170.45 Billion | Rs192.71 Billion | Rs162.60 Billion | ▼ -4.8 pp |
| 2008 | 22.4% | Rs42.55 Billion | Rs189.64 Billion | Rs214.75 Billion | Rs172.20 Billion | ▼ -8.7 pp |
| 2007 | 31.2% | Rs42.62 Billion | Rs136.75 Billion | Rs86.73 Billion | Rs44.11 Billion | ▼ -10.6 pp |
| 2006 | 41.8% | Rs39.76 Billion | Rs95.15 Billion | Rs78.87 Billion | Rs39.11 Billion | ▲ +20.0 pp |
| 2005 | 21.7% | Rs16.85 Billion | Rs77.51 Billion | Rs44.76 Billion | Rs27.91 Billion | ▼ -10.0 pp |
| 2004 | 31.7% | Rs22.68 Billion | Rs71.43 Billion | Rs37.80 Billion | Rs15.12 Billion | — |