Indian Card Clothing Company Limited (INDIANCARD) — Working Capital to Net Assets Ratio
Indian Card Clothing Company Limited (INDIANCARD) has a Working Capital to Net Assets ratio of 32.3% as of September 2025. Working capital of Rs1.12 Billion (current assets of Rs1.31 Billion minus current liabilities of Rs188.66 Million) is measured against net assets of Rs3.47 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See INDIANCARD equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Indian Card Clothing Company Limited Working Capital to Net Assets (2006–2025)
This chart shows how Indian Card Clothing Company Limited's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of September 2025, the ratio stands at 32.3%, reflecting working capital of Rs1.12 Billion against net assets of Rs3.47 Billion INR. Check tangible net worth ratio of Indian Card Clothing Company Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Indian Card Clothing Company Limited (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Indian Card Clothing Company Limited from 2006 to 2025, covering 20 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 Indian Card Clothing Company Limited market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 21.6% | Rs731.33 Million | Rs3.38 Billion | Rs1.03 Billion | Rs298.79 Million | ▼ -9.4 pp |
| 2024 | 31.0% | Rs763.12 Million | Rs2.46 Billion | Rs956.76 Million | Rs193.65 Million | ▼ -21.9 pp |
| 2023 | 52.8% | Rs1.26 Billion | Rs2.38 Billion | Rs1.44 Billion | Rs178.34 Million | ▼ -23.3 pp |
| 2022 | 76.2% | Rs2.04 Billion | Rs2.67 Billion | Rs2.16 Billion | Rs125.04 Million | ▲ +25.8 pp |
| 2021 | 50.4% | Rs386.29 Million | Rs767.01 Million | Rs546.87 Million | Rs160.58 Million | ▲ +14.2 pp |
| 2020 | 36.1% | Rs232.03 Million | Rs641.98 Million | Rs474.60 Million | Rs242.56 Million | ▲ +1.9 pp |
| 2019 | 34.2% | Rs236.80 Million | Rs691.66 Million | Rs521.90 Million | Rs285.10 Million | ▼ -12.9 pp |
| 2018 | 47.1% | Rs423.37 Million | Rs898.81 Million | Rs903.24 Million | Rs479.87 Million | ▼ -10.9 pp |
| 2017 | 58.0% | Rs634.89 Million | Rs1.09 Billion | Rs908.28 Million | Rs273.39 Million | ▲ +27.6 pp |
| 2016 | 30.4% | Rs324.96 Million | Rs1.07 Billion | Rs631.94 Million | Rs306.98 Million | ▲ +7.8 pp |
| 2015 | 22.6% | Rs211.32 Million | Rs936.21 Million | Rs461.10 Million | Rs249.78 Million | ▼ -4.1 pp |
| 2014 | 26.7% | Rs261.07 Million | Rs978.92 Million | Rs530.37 Million | Rs269.30 Million | ▲ +20.0 pp |
| 2013 | 6.6% | Rs64.08 Million | Rs965.89 Million | Rs368.55 Million | Rs304.47 Million | ▼ -10.6 pp |
| 2012 | 17.3% | Rs163.23 Million | Rs945.10 Million | Rs368.60 Million | Rs205.37 Million | ▲ +9.5 pp |
| 2011 | 7.8% | Rs68.44 Million | Rs878.02 Million | Rs356.62 Million | Rs288.18 Million | ▼ -5.0 pp |
| 2010 | 12.8% | Rs110.57 Million | Rs866.23 Million | Rs337.75 Million | Rs227.18 Million | ▲ +3.0 pp |
| 2009 | 9.7% | Rs81.19 Million | Rs834.48 Million | Rs300.29 Million | Rs219.10 Million | ▼ -1.8 pp |
| 2008 | 11.5% | Rs97.17 Million | Rs844.13 Million | Rs350.57 Million | Rs253.40 Million | ▼ -9.5 pp |
| 2007 | 21.1% | Rs172.38 Million | Rs818.69 Million | Rs317.87 Million | Rs145.49 Million | ▼ -10.5 pp |
| 2006 | 31.5% | Rs229.37 Million | Rs727.47 Million | Rs375.65 Million | Rs146.28 Million | — |