Indus Towers Limited (INDUSTOWER) — Working Capital to Net Assets Ratio
Indus Towers Limited (INDUSTOWER) has a Working Capital to Net Assets ratio of 12.3% as of September 2025. Working capital of Rs44.27 Billion (current assets of Rs141.31 Billion minus current liabilities of Rs97.04 Billion) is measured against net assets of Rs361.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See INDUSTOWER net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Indus Towers Limited Working Capital to Net Assets (2008–2025)
This chart shows how Indus Towers Limited's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of September 2025, the ratio stands at 12.3%, reflecting working capital of Rs44.27 Billion against net assets of Rs361.01 Billion INR. Check INDUSTOWER goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Indus Towers Limited (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Indus Towers Limited from 2008 to 2025, covering 18 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 Indus Towers Limited (INDUSTOWER) total market value.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 9.7% | Rs31.43 Billion | Rs324.98 Billion | Rs129.30 Billion | Rs97.87 Billion | ▲ +8.4 pp |
| 2024 | 1.2% | Rs3.33 Billion | Rs270.39 Billion | Rs104.90 Billion | Rs101.56 Billion | ▼ -1.3 pp |
| 2023 | 2.6% | Rs5.45 Billion | Rs211.09 Billion | Rs87.08 Billion | Rs81.63 Billion | ▼ -13.1 pp |
| 2022 | 15.7% | Rs34.84 Billion | Rs221.50 Billion | Rs123.11 Billion | Rs88.27 Billion | ▲ +42.9 pp |
| 2021 | -27.2% | Rs-43.21 Billion | Rs158.77 Billion | Rs96.30 Billion | Rs139.51 Billion | ▼ -35.6 pp |
| 2020 | 8.4% | Rs11.39 Billion | Rs135.42 Billion | Rs53.49 Billion | Rs42.10 Billion | ▼ -8.8 pp |
| 2019 | 17.2% | Rs25.05 Billion | Rs145.32 Billion | Rs42.80 Billion | Rs17.75 Billion | ▼ -16.9 pp |
| 2018 | 34.2% | Rs57.96 Billion | Rs169.64 Billion | Rs76.12 Billion | Rs18.16 Billion | ▲ +32.1 pp |
| 2017 | 2.0% | Rs3.17 Billion | Rs154.99 Billion | Rs47.12 Billion | Rs43.95 Billion | ▼ -10.8 pp |
| 2016 | 12.9% | Rs23.65 Billion | Rs183.48 Billion | Rs62.24 Billion | Rs38.60 Billion | ▲ +9.0 pp |
| 2015 | 3.9% | Rs6.66 Billion | Rs170.20 Billion | Rs57.35 Billion | Rs50.69 Billion | ▼ -3.7 pp |
| 2014 | 7.7% | Rs13.81 Billion | Rs180.38 Billion | Rs55.96 Billion | Rs42.15 Billion | ▼ -18.7 pp |
| 2013 | 26.4% | Rs45.33 Billion | Rs171.93 Billion | Rs86.05 Billion | Rs40.72 Billion | ▲ +21.2 pp |
| 2012 | 5.2% | Rs7.54 Billion | Rs145.24 Billion | Rs42.14 Billion | Rs34.60 Billion | ▲ +0.9 pp |
| 2011 | 4.3% | Rs6.01 Billion | Rs139.95 Billion | Rs33.10 Billion | Rs27.09 Billion | ▼ -1.1 pp |
| 2010 | 5.4% | Rs7.40 Billion | Rs136.28 Billion | Rs32.48 Billion | Rs25.08 Billion | ▲ +44.3 pp |
| 2009 | -38.9% | Rs-40.27 Billion | Rs103.52 Billion | Rs28.06 Billion | Rs68.33 Billion | ▼ -57.1 pp |
| 2008 | 18.2% | Rs18.67 Billion | Rs102.55 Billion | Rs38.01 Billion | Rs19.34 Billion | — |