Jindal Stainless Limited (JSL) — Working Capital to Net Assets Ratio
Jindal Stainless Limited (JSL) has a Working Capital to Net Assets ratio of 12.8% as of September 2025. Working capital of Rs23.19 Billion (current assets of Rs174.13 Billion minus current liabilities of Rs150.94 Billion) is measured against net assets of Rs181.06 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Jindal Stainless Limited (JSL) balance sheet quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Jindal Stainless Limited Working Capital to Net Assets (2005–2025)
This chart shows how Jindal Stainless Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 12.8%, reflecting working capital of Rs23.19 Billion against net assets of Rs181.06 Billion INR. Check tangible equity quality of Jindal Stainless Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Jindal Stainless Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Jindal Stainless Limited from 2005 to 2025, covering 21 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 market cap of Jindal Stainless Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 21.3% | Rs35.55 Billion | Rs167.08 Billion | Rs167.98 Billion | Rs132.43 Billion | ▼ -11.7 pp |
| 2024 | 33.0% | Rs47.39 Billion | Rs143.75 Billion | Rs147.83 Billion | Rs100.44 Billion | ▼ -1.8 pp |
| 2023 | 34.8% | Rs41.61 Billion | Rs119.68 Billion | Rs151.12 Billion | Rs109.51 Billion | ▼ -28.9 pp |
| 2022 | 63.7% | Rs33.28 Billion | Rs52.27 Billion | Rs119.95 Billion | Rs86.66 Billion | ▲ +61.7 pp |
| 2021 | 1.9% | Rs622.80 Million | Rs32.18 Billion | Rs41.19 Billion | Rs40.56 Billion | ▲ +30.2 pp |
| 2020 | -28.3% | Rs-7.72 Billion | Rs27.30 Billion | Rs38.26 Billion | Rs45.98 Billion | ▼ -2.6 pp |
| 2019 | -25.7% | Rs-6.69 Billion | Rs26.03 Billion | Rs37.81 Billion | Rs44.50 Billion | ▼ -2.9 pp |
| 2018 | -22.8% | Rs-5.64 Billion | Rs24.74 Billion | Rs37.73 Billion | Rs43.38 Billion | ▲ +82.2 pp |
| 2017 | -105.0% | Rs-19.11 Billion | Rs18.20 Billion | Rs36.57 Billion | Rs55.68 Billion | ▲ +981.4 pp |
| 2016 | -1086.4% | Rs15.44 Billion | Rs-1.42 Billion | Rs72.73 Billion | Rs57.28 Billion | ▼ -1384.9 pp |
| 2015 | 298.5% | Rs6.04 Billion | Rs2.02 Billion | Rs61.33 Billion | Rs55.28 Billion | ▲ +1692.8 pp |
| 2014 | -1394.3% | Rs-11.66 Billion | Rs836.13 Million | Rs63.17 Billion | Rs74.83 Billion | ▼ -1385.8 pp |
| 2013 | -8.5% | Rs-1.15 Billion | Rs13.59 Billion | Rs67.55 Billion | Rs68.71 Billion | ▲ +14.5 pp |
| 2012 | -23.0% | Rs-4.84 Billion | Rs21.04 Billion | Rs60.62 Billion | Rs65.46 Billion | ▼ -113.1 pp |
| 2011 | 90.1% | Rs20.17 Billion | Rs22.39 Billion | Rs50.32 Billion | Rs30.14 Billion | ▼ -7.7 pp |
| 2010 | 97.8% | Rs18.68 Billion | Rs19.10 Billion | Rs45.10 Billion | Rs26.41 Billion | ▲ +72.6 pp |
| 2009 | 25.2% | Rs3.21 Billion | Rs12.71 Billion | Rs38.56 Billion | Rs35.35 Billion | ▼ -72.9 pp |
| 2008 | 98.1% | Rs18.10 Billion | Rs18.45 Billion | Rs46.88 Billion | Rs28.78 Billion | ▲ +55.5 pp |
| 2007 | 42.6% | Rs5.95 Billion | Rs13.98 Billion | Rs26.09 Billion | Rs20.14 Billion | ▼ -13.7 pp |
| 2006 | 56.3% | Rs5.61 Billion | Rs9.97 Billion | Rs19.62 Billion | Rs14.02 Billion | ▲ +6.7 pp |
| 2005 | 49.5% | Rs3.85 Billion | Rs7.77 Billion | Rs13.75 Billion | Rs9.90 Billion | — |