Max India Limited (MAXIND) — Working Capital to Net Assets Ratio
Max India Limited (MAXIND) has a Working Capital to Net Assets ratio of 53.6% as of March 2026. Working capital of Rs2.19 Billion (current assets of Rs3.81 Billion minus current liabilities of Rs1.62 Billion) is measured against net assets of Rs4.08 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Max India Limited (MAXIND) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Max India Limited Working Capital to Net Assets (2016–2026)
This chart shows how Max India Limited's Working Capital to Net Assets ratio has evolved across 11 annual periods from 2016 to 2026. As of March 2026, the ratio stands at 53.6%, reflecting working capital of Rs2.19 Billion against net assets of Rs4.08 Billion INR. For the complete balance sheet picture, see balance sheet size of Max India Limited.
Annual Working Capital to Net Assets for Max India Limited (2016–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Max India Limited from 2016 to 2026, covering 11 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 Max India Limited asset resilience ratio 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 | 53.6% | Rs2.19 Billion | Rs4.08 Billion | Rs3.81 Billion | Rs1.62 Billion | ▲ +27.0 pp |
| 2025 | 26.6% | Rs952.90 Million | Rs3.59 Billion | Rs2.61 Billion | Rs1.65 Billion | ▼ -15.0 pp |
| 2024 | 41.5% | Rs2.04 Billion | Rs4.92 Billion | Rs3.43 Billion | Rs1.39 Billion | ▼ -13.4 pp |
| 2023 | 54.9% | Rs2.98 Billion | Rs5.42 Billion | Rs4.59 Billion | Rs1.61 Billion | ▼ -7.2 pp |
| 2022 | 62.2% | Rs3.96 Billion | Rs6.37 Billion | Rs5.49 Billion | Rs1.53 Billion | ▼ -14.7 pp |
| 2021 | 76.8% | Rs5.02 Billion | Rs6.53 Billion | Rs7.28 Billion | Rs2.26 Billion | ▼ -16.4 pp |
| 2020 | 93.2% | Rs6.57 Billion | Rs7.06 Billion | Rs8.19 Billion | Rs1.62 Billion | ▲ +56.3 pp |
| 2019 | 36.8% | Rs4.73 Billion | Rs12.83 Billion | Rs13.31 Billion | Rs8.58 Billion | ▲ +27.8 pp |
| 2018 | 9.0% | Rs1.28 Billion | Rs14.21 Billion | Rs8.29 Billion | Rs7.00 Billion | ▼ -10.2 pp |
| 2017 | 19.3% | Rs2.69 Billion | Rs13.94 Billion | Rs10.53 Billion | Rs7.85 Billion | ▲ +23.8 pp |
| 2016 | -4.6% | Rs-555.88 Million | Rs12.13 Billion | Rs6.04 Billion | Rs6.60 Billion | — |