Lupin Limited (LUPIN) — Working Capital to Net Assets Ratio
Lupin Limited (LUPIN) has a Working Capital to Net Assets ratio of 50.5% as of March 2026. Working capital of Rs113.76 Billion (current assets of Rs240.27 Billion minus current liabilities of Rs126.51 Billion) is measured against net assets of Rs225.13 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Lupin Limited (LUPIN) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Lupin Limited Working Capital to Net Assets (2004–2026)
This chart shows how Lupin 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 50.5%, reflecting working capital of Rs113.76 Billion against net assets of Rs225.13 Billion INR. For the complete balance sheet picture, see how large is Lupin Limited's balance sheet.
Annual Working Capital to Net Assets for Lupin Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Lupin 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. Check Lupin Limited (LUPIN) asset resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 50.5% | Rs113.76 Billion | Rs225.13 Billion | Rs240.27 Billion | Rs126.51 Billion | ▲ +5.2 pp |
| 2025 | 45.3% | Rs78.37 Billion | Rs172.94 Billion | Rs167.99 Billion | Rs89.61 Billion | ▲ +10.9 pp |
| 2024 | 34.4% | Rs49.46 Billion | Rs143.73 Billion | Rs134.48 Billion | Rs85.02 Billion | ▲ +9.0 pp |
| 2023 | 25.4% | Rs31.86 Billion | Rs125.43 Billion | Rs124.51 Billion | Rs92.65 Billion | ▼ -8.8 pp |
| 2022 | 34.2% | Rs41.81 Billion | Rs122.22 Billion | Rs124.58 Billion | Rs82.76 Billion | ▼ -5.8 pp |
| 2021 | 40.1% | Rs55.50 Billion | Rs138.58 Billion | Rs139.86 Billion | Rs84.36 Billion | ▼ -9.1 pp |
| 2020 | 49.2% | Rs61.88 Billion | Rs125.81 Billion | Rs154.13 Billion | Rs92.25 Billion | ▼ -6.8 pp |
| 2019 | 56.0% | Rs77.24 Billion | Rs137.89 Billion | Rs138.54 Billion | Rs61.30 Billion | ▲ +3.8 pp |
| 2018 | 52.2% | Rs71.14 Billion | Rs136.17 Billion | Rs122.10 Billion | Rs50.96 Billion | ▲ +9.1 pp |
| 2017 | 43.1% | Rs58.32 Billion | Rs135.32 Billion | Rs119.53 Billion | Rs61.21 Billion | ▼ 0.0 pp |
| 2016 | 43.1% | Rs48.26 Billion | Rs111.95 Billion | Rs98.87 Billion | Rs50.61 Billion | ▼ -3.0 pp |
| 2015 | 46.1% | Rs41.03 Billion | Rs88.98 Billion | Rs78.32 Billion | Rs37.29 Billion | ▼ -3.5 pp |
| 2014 | 49.6% | Rs34.71 Billion | Rs69.99 Billion | Rs61.00 Billion | Rs26.30 Billion | ▲ +9.0 pp |
| 2013 | 40.6% | Rs21.36 Billion | Rs52.64 Billion | Rs51.43 Billion | Rs30.07 Billion | ▲ +10.7 pp |
| 2012 | 29.9% | Rs12.22 Billion | Rs40.85 Billion | Rs43.42 Billion | Rs31.20 Billion | ▼ -8.4 pp |
| 2011 | 38.3% | Rs12.77 Billion | Rs33.33 Billion | Rs34.97 Billion | Rs22.20 Billion | ▼ -22.9 pp |
| 2010 | 61.2% | Rs15.86 Billion | Rs25.93 Billion | Rs27.75 Billion | Rs11.89 Billion | ▼ -9.3 pp |
| 2009 | 70.5% | Rs10.15 Billion | Rs14.39 Billion | Rs23.48 Billion | Rs13.33 Billion | ▼ -30.1 pp |
| 2008 | 100.6% | Rs12.97 Billion | Rs12.89 Billion | Rs20.44 Billion | Rs7.47 Billion | ▼ -18.6 pp |
| 2007 | 119.2% | Rs10.41 Billion | Rs8.73 Billion | Rs14.63 Billion | Rs4.22 Billion | ▼ -39.3 pp |
| 2006 | 158.5% | Rs9.33 Billion | Rs5.89 Billion | Rs13.31 Billion | Rs3.98 Billion | ▲ +75.7 pp |
| 2005 | 82.7% | Rs4.06 Billion | Rs4.91 Billion | Rs7.19 Billion | Rs3.13 Billion | ▼ -5.2 pp |
| 2004 | 88.0% | Rs3.80 Billion | Rs4.32 Billion | Rs6.89 Billion | Rs3.09 Billion | — |