Lupin Limited (LUPIN) — Working Capital to Net Assets Ratio
Lupin Limited (LUPIN) has a Working Capital to Net Assets ratio of 47.9% as of September 2025. Working capital of Rs94.45 Billion (current assets of Rs202.66 Billion minus current liabilities of Rs108.21 Billion) is measured against net assets of Rs197.28 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Lupin Limited net asset quality index to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Lupin Limited Working Capital to Net Assets (2004–2025)
This chart shows how Lupin Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 47.9%, reflecting working capital of Rs94.45 Billion against net assets of Rs197.28 Billion INR. Check LUPIN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Lupin Limited (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Lupin Limited from 2004 to 2025, covering 22 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 Lupin Limited stock valuation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |