ITC Limited (ITC) — Working Capital to Net Assets Ratio
ITC Limited (ITC) has a Working Capital to Net Assets ratio of 46.7% as of March 2026. Working capital of Rs340.21 Billion (current assets of Rs507.08 Billion minus current liabilities of Rs166.87 Billion) is measured against net assets of Rs728.73 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ITC Limited (ITC) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ITC Limited Working Capital to Net Assets (2004–2026)
This chart shows how ITC Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 46.7%, reflecting working capital of Rs340.21 Billion against net assets of Rs728.73 Billion INR. See ITC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for ITC Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for ITC Limited from 2004 to 2026, covering 23 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 ITC stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 46.7% | Rs340.21 Billion | Rs728.73 Billion | Rs507.08 Billion | Rs166.87 Billion | ▲ +4.7 pp |
| 2025 | 42.0% | Rs295.59 Billion | Rs703.98 Billion | Rs438.93 Billion | Rs143.34 Billion | ▲ +5.4 pp |
| 2024 | 36.6% | Rs273.75 Billion | Rs748.90 Billion | Rs410.66 Billion | Rs136.90 Billion | ▼ -0.7 pp |
| 2023 | 37.3% | Rs259.31 Billion | Rs695.39 Billion | Rs396.71 Billion | Rs137.39 Billion | ▲ +2.2 pp |
| 2022 | 35.1% | Rs220.69 Billion | Rs628.22 Billion | Rs342.32 Billion | Rs121.64 Billion | ▼ -4.9 pp |
| 2021 | 40.0% | Rs243.02 Billion | Rs606.94 Billion | Rs349.92 Billion | Rs106.90 Billion | ▼ -5.6 pp |
| 2020 | 45.6% | Rs299.46 Billion | Rs656.51 Billion | Rs395.05 Billion | Rs95.60 Billion | ▲ +9.1 pp |
| 2019 | 36.5% | Rs217.35 Billion | Rs594.84 Billion | Rs317.47 Billion | Rs100.12 Billion | ▲ +4.1 pp |
| 2018 | 32.4% | Rs171.43 Billion | Rs528.45 Billion | Rs263.94 Billion | Rs92.50 Billion | ▼ -8.6 pp |
| 2017 | 41.0% | Rs191.48 Billion | Rs467.08 Billion | Rs262.69 Billion | Rs71.21 Billion | ▲ +9.2 pp |
| 2016 | 31.7% | Rs108.66 Billion | Rs342.27 Billion | Rs258.11 Billion | Rs149.45 Billion | ▼ -10.2 pp |
| 2015 | 42.0% | Rs134.14 Billion | Rs319.61 Billion | Rs255.74 Billion | Rs121.60 Billion | ▲ +3.0 pp |
| 2014 | 39.0% | Rs106.95 Billion | Rs274.40 Billion | Rs225.81 Billion | Rs118.86 Billion | ▲ +2.4 pp |
| 2013 | 36.6% | Rs85.40 Billion | Rs233.38 Billion | Rs190.66 Billion | Rs105.26 Billion | ▲ +3.5 pp |
| 2012 | 33.1% | Rs64.97 Billion | Rs196.16 Billion | Rs158.01 Billion | Rs93.04 Billion | ▲ +20.2 pp |
| 2011 | 12.9% | Rs21.46 Billion | Rs166.03 Billion | Rs109.63 Billion | Rs88.17 Billion | ▲ +8.3 pp |
| 2010 | 4.6% | Rs6.78 Billion | Rs145.85 Billion | Rs90.02 Billion | Rs83.24 Billion | ▼ -20.4 pp |
| 2009 | 25.0% | Rs35.45 Billion | Rs141.58 Billion | Rs85.12 Billion | Rs49.67 Billion | ▲ +2.9 pp |
| 2008 | 22.1% | Rs27.42 Billion | Rs124.01 Billion | Rs73.34 Billion | Rs45.93 Billion | ▼ -5.3 pp |
| 2007 | 27.4% | Rs29.44 Billion | Rs107.54 Billion | Rs69.35 Billion | Rs39.91 Billion | ▲ +5.7 pp |
| 2006 | 21.7% | Rs20.16 Billion | Rs93.03 Billion | Rs56.56 Billion | Rs36.40 Billion | ▲ +10.3 pp |
| 2005 | 11.4% | Rs9.13 Billion | Rs80.03 Billion | Rs40.26 Billion | Rs31.14 Billion | ▲ +11.0 pp |
| 2004 | 0.4% | Rs268.10 Million | Rs65.67 Billion | Rs36.39 Billion | Rs36.12 Billion | — |