MRF Limited (MRF) — Working Capital to Net Assets Ratio
MRF Limited (MRF) has a Working Capital to Net Assets ratio of 27.7% as of March 2026. Working capital of Rs58.10 Billion (current assets of Rs148.16 Billion minus current liabilities of Rs90.06 Billion) is measured against net assets of Rs209.75 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See MRF free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
MRF Limited Working Capital to Net Assets (2004–2026)
This chart shows how MRF Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 27.7%, reflecting working capital of Rs58.10 Billion against net assets of Rs209.75 Billion INR. See MRF days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for MRF Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for MRF Limited from 2004 to 2026, covering 22 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 market value of MRF Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 27.7% | Rs58.10 Billion | Rs209.75 Billion | Rs148.16 Billion | Rs90.06 Billion | ▲ +3.7 pp |
| 2025 | 24.0% | Rs44.37 Billion | Rs184.89 Billion | Rs133.96 Billion | Rs89.60 Billion | ▲ +7.0 pp |
| 2024 | 17.0% | Rs28.40 Billion | Rs167.03 Billion | Rs105.50 Billion | Rs77.10 Billion | ▲ +5.1 pp |
| 2023 | 11.9% | Rs17.48 Billion | Rs147.08 Billion | Rs92.44 Billion | Rs74.95 Billion | ▼ -11.7 pp |
| 2022 | 23.6% | Rs33.07 Billion | Rs140.32 Billion | Rs102.64 Billion | Rs69.57 Billion | ▲ +0.5 pp |
| 2021 | 23.1% | Rs31.00 Billion | Rs134.14 Billion | Rs103.67 Billion | Rs72.68 Billion | ▼ -0.6 pp |
| 2020 | 23.7% | Rs28.99 Billion | Rs122.15 Billion | Rs81.51 Billion | Rs52.52 Billion | ▼ -3.9 pp |
| 2019 | 27.7% | Rs29.99 Billion | Rs108.37 Billion | Rs84.64 Billion | Rs54.64 Billion | ▼ -5.9 pp |
| 2018 | 33.6% | Rs32.73 Billion | Rs97.38 Billion | Rs78.63 Billion | Rs45.90 Billion | ▲ +1.1 pp |
| 2017 | 32.5% | Rs28.12 Billion | Rs86.41 Billion | Rs73.14 Billion | Rs45.02 Billion | ▲ +0.8 pp |
| 2016 | 31.7% | Rs22.90 Billion | Rs72.24 Billion | Rs63.19 Billion | Rs40.29 Billion | ▼ -29.0 pp |
| 2014 | 60.7% | Rs27.56 Billion | Rs45.40 Billion | Rs53.79 Billion | Rs26.23 Billion | ▼ -4.4 pp |
| 2013 | 65.1% | Rs23.80 Billion | Rs36.56 Billion | Rs47.10 Billion | Rs23.30 Billion | ▲ +6.6 pp |
| 2012 | 58.5% | Rs16.73 Billion | Rs28.61 Billion | Rs37.54 Billion | Rs20.81 Billion | ▼ -8.7 pp |
| 2011 | 67.1% | Rs15.40 Billion | Rs22.94 Billion | Rs31.43 Billion | Rs16.03 Billion | ▼ 0.0 pp |
| 2010 | 67.2% | Rs11.34 Billion | Rs16.89 Billion | Rs20.98 Billion | Rs9.64 Billion | ▲ +19.2 pp |
| 2009 | 47.9% | Rs6.50 Billion | Rs13.56 Billion | Rs13.85 Billion | Rs7.35 Billion | ▼ -41.4 pp |
| 2008 | 89.4% | Rs9.98 Billion | Rs11.17 Billion | Rs19.94 Billion | Rs9.96 Billion | ▲ +2.1 pp |
| 2007 | 87.2% | Rs8.58 Billion | Rs9.84 Billion | Rs15.54 Billion | Rs6.96 Billion | ▼ -7.3 pp |
| 2006 | 94.6% | Rs7.80 Billion | Rs8.24 Billion | Rs12.89 Billion | Rs5.09 Billion | ▼ -6.1 pp |
| 2005 | 100.7% | Rs7.60 Billion | Rs7.55 Billion | Rs11.74 Billion | Rs4.14 Billion | ▲ +39.9 pp |
| 2004 | 60.8% | Rs4.40 Billion | Rs7.23 Billion | Rs10.54 Billion | Rs6.14 Billion | — |