Minda Corporation Limited (MINDACORP) — Working Capital to Net Assets Ratio
Minda Corporation Limited (MINDACORP) has a Working Capital to Net Assets ratio of -6.1% as of September 2025. Working capital of Rs-1.50 Billion (current assets of Rs18.66 Billion minus current liabilities of Rs20.16 Billion) is measured against net assets of Rs24.40 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Minda Corporation Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Minda Corporation Limited Working Capital to Net Assets (2008–2025)
This chart shows how Minda Corporation Limited's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of September 2025, the ratio stands at -6.1%, reflecting working capital of Rs-1.50 Billion against net assets of Rs24.40 Billion INR. Check MINDACORP intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Minda Corporation Limited (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Minda Corporation Limited from 2008 to 2025, covering 18 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 MINDACORP stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -12.9% | Rs-2.85 Billion | Rs22.02 Billion | Rs16.78 Billion | Rs19.62 Billion | ▼ -57.2 pp |
| 2024 | 44.3% | Rs8.77 Billion | Rs19.81 Billion | Rs19.80 Billion | Rs11.02 Billion | ▲ +24.5 pp |
| 2023 | 19.8% | Rs3.15 Billion | Rs15.91 Billion | Rs15.83 Billion | Rs12.69 Billion | ▼ -20.7 pp |
| 2022 | 40.5% | Rs5.38 Billion | Rs13.30 Billion | Rs15.45 Billion | Rs10.07 Billion | ▲ +0.6 pp |
| 2021 | 39.9% | Rs4.58 Billion | Rs11.47 Billion | Rs14.86 Billion | Rs10.29 Billion | ▲ +3.2 pp |
| 2020 | 36.7% | Rs3.58 Billion | Rs9.75 Billion | Rs15.26 Billion | Rs11.68 Billion | ▲ +5.1 pp |
| 2019 | 31.6% | Rs3.78 Billion | Rs11.95 Billion | Rs14.49 Billion | Rs10.71 Billion | ▲ +14.6 pp |
| 2018 | 17.1% | Rs1.26 Billion | Rs7.41 Billion | Rs11.29 Billion | Rs10.02 Billion | ▲ +5.9 pp |
| 2017 | 11.2% | Rs694.00 Million | Rs6.22 Billion | Rs7.84 Billion | Rs7.14 Billion | ▲ +4.2 pp |
| 2016 | 7.0% | Rs441.33 Million | Rs6.31 Billion | Rs10.07 Billion | Rs9.62 Billion | ▼ -5.9 pp |
| 2015 | 12.8% | Rs630.49 Million | Rs4.91 Billion | Rs7.86 Billion | Rs7.23 Billion | ▲ +1.9 pp |
| 2014 | 11.0% | Rs427.37 Million | Rs3.89 Billion | Rs7.30 Billion | Rs6.88 Billion | ▲ +7.1 pp |
| 2013 | 3.8% | Rs134.44 Million | Rs3.51 Billion | Rs7.16 Billion | Rs7.02 Billion | ▼ -4.6 pp |
| 2012 | 8.5% | Rs301.76 Million | Rs3.56 Billion | Rs6.70 Billion | Rs6.39 Billion | ▼ -16.9 pp |
| 2011 | 25.4% | Rs683.79 Million | Rs2.69 Billion | Rs4.10 Billion | Rs3.41 Billion | ▼ -125.0 pp |
| 2010 | 150.4% | Rs1.09 Billion | Rs726.45 Million | Rs2.25 Billion | Rs1.16 Billion | ▲ +14.4 pp |
| 2009 | 136.0% | Rs764.43 Million | Rs562.06 Million | Rs1.54 Billion | Rs774.55 Million | ▲ +122.8 pp |
| 2008 | 13.2% | Rs45.63 Million | Rs346.62 Million | Rs396.37 Million | Rs350.74 Million | — |