Max India Limited (MAXIND) — Working Capital to Net Assets Ratio
Max India Limited (MAXIND) has a Working Capital to Net Assets ratio of 59.2% as of September 2025. Working capital of Rs2.77 Billion (current assets of Rs5.46 Billion minus current liabilities of Rs2.69 Billion) is measured against net assets of Rs4.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MAXIND financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Max India Limited Working Capital to Net Assets (2016–2025)
This chart shows how Max India Limited's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of September 2025, the ratio stands at 59.2%, reflecting working capital of Rs2.77 Billion against net assets of Rs4.67 Billion INR. See Max India Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Max India Limited (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Max India Limited from 2016 to 2025, covering 10 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 MAXIND stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |