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 debt-free asset ratio of Max India Limited to measure how much of total assets are equity-financed.
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. Check how tangible is Max India Limited's equity to evaluate the tangible quality of the company's equity base.
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 company net worth.
| 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 | — |