HP Adhesives Limited (HPAL) — Working Capital to Net Assets Ratio
HP Adhesives Limited (HPAL) has a Working Capital to Net Assets ratio of 58.2% as of September 2025. Working capital of Rs1.10 Billion (current assets of Rs1.51 Billion minus current liabilities of Rs411.79 Million) is measured against net assets of Rs1.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See HPAL net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
HP Adhesives Limited Working Capital to Net Assets (2019–2025)
This chart shows how HP Adhesives Limited's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of September 2025, the ratio stands at 58.2%, reflecting working capital of Rs1.10 Billion against net assets of Rs1.88 Billion INR. Check HP Adhesives Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for HP Adhesives Limited (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for HP Adhesives Limited from 2019 to 2025, covering 7 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 HP Adhesives Limited (HPAL) market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 57.6% | Rs1.06 Billion | Rs1.84 Billion | Rs1.48 Billion | Rs413.46 Million | ▲ +0.8 pp |
| 2024 | 56.8% | Rs959.52 Million | Rs1.69 Billion | Rs1.23 Billion | Rs266.02 Million | ▲ +11.9 pp |
| 2023 | 44.9% | Rs665.28 Million | Rs1.48 Billion | Rs966.77 Million | Rs301.49 Million | ▼ -17.3 pp |
| 2022 | 62.2% | Rs853.65 Million | Rs1.37 Billion | Rs1.34 Billion | Rs489.70 Million | ▲ +105.3 pp |
| 2021 | -43.2% | Rs-54.66 Million | Rs126.59 Million | Rs617.70 Million | Rs672.36 Million | ▲ +377.9 pp |
| 2020 | -421.1% | Rs-104.61 Million | Rs24.84 Million | Rs413.40 Million | Rs518.01 Million | ▼ -448.6 pp |
| 2019 | 27.5% | Rs40.37 Million | Rs146.62 Million | Rs444.38 Million | Rs404.01 Million | — |