Mahanagar Gas Limited (MGL) — Working Capital to Net Assets Ratio
Mahanagar Gas Limited (MGL) has a Working Capital to Net Assets ratio of -1.9% as of March 2026. Working capital of Rs-1.22 Billion (current assets of Rs18.37 Billion minus current liabilities of Rs19.59 Billion) is measured against net assets of Rs64.42 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mahanagar Gas Limited free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mahanagar Gas Limited Working Capital to Net Assets (2011–2026)
This chart shows how Mahanagar Gas Limited's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2011 to 2026. As of March 2026, the ratio stands at -1.9%, reflecting working capital of Rs-1.22 Billion against net assets of Rs64.42 Billion INR. See MGL days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Mahanagar Gas Limited (2011–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mahanagar Gas Limited from 2011 to 2026, covering 16 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 how much is Mahanagar Gas Limited worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -1.9% | Rs-1.22 Billion | Rs64.42 Billion | Rs18.37 Billion | Rs19.59 Billion | ▼ -3.1 pp |
| 2025 | 1.2% | Rs714.00 Million | Rs58.95 Billion | Rs19.46 Billion | Rs18.75 Billion | ▼ -2.8 pp |
| 2024 | 4.0% | Rs2.08 Billion | Rs51.35 Billion | Rs19.08 Billion | Rs17.00 Billion | ▼ -6.7 pp |
| 2023 | 10.8% | Rs4.45 Billion | Rs41.34 Billion | Rs20.06 Billion | Rs15.61 Billion | ▼ -3.6 pp |
| 2022 | 14.4% | Rs5.18 Billion | Rs35.97 Billion | Rs18.45 Billion | Rs13.27 Billion | ▼ -5.5 pp |
| 2021 | 19.9% | Rs6.43 Billion | Rs32.32 Billion | Rs17.54 Billion | Rs11.11 Billion | ▲ +1.0 pp |
| 2020 | 18.9% | Rs5.58 Billion | Rs29.53 Billion | Rs15.06 Billion | Rs9.47 Billion | ▲ +4.1 pp |
| 2019 | 14.8% | Rs3.55 Billion | Rs23.99 Billion | Rs11.76 Billion | Rs8.21 Billion | ▲ +2.7 pp |
| 2018 | 12.0% | Rs2.52 Billion | Rs20.95 Billion | Rs9.75 Billion | Rs7.23 Billion | ▲ +3.0 pp |
| 2017 | 9.0% | Rs1.66 Billion | Rs18.40 Billion | Rs7.96 Billion | Rs6.30 Billion | ▲ +7.5 pp |
| 2016 | 1.6% | Rs237.19 Million | Rs15.28 Billion | Rs7.24 Billion | Rs7.00 Billion | ▼ -13.4 pp |
| 2015 | 14.9% | Rs2.39 Billion | Rs16.04 Billion | Rs6.80 Billion | Rs4.41 Billion | ▲ +12.1 pp |
| 2014 | 2.8% | Rs362.61 Million | Rs12.97 Billion | Rs6.12 Billion | Rs5.76 Billion | ▲ +2.4 pp |
| 2013 | 0.4% | Rs46.88 Million | Rs11.83 Billion | Rs5.15 Billion | Rs5.11 Billion | ▼ -2.4 pp |
| 2012 | 2.7% | Rs293.24 Million | Rs10.67 Billion | Rs4.32 Billion | Rs4.03 Billion | ▲ +1.6 pp |
| 2011 | 1.1% | Rs104.73 Million | Rs9.15 Billion | Rs3.08 Billion | Rs2.98 Billion | — |