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 Limited balance sheet independence to measure how much of total assets are equity-financed.
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. Check tangible net worth ratio of MRF Limited to evaluate the tangible quality of the company's equity base.
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 MRF Limited market capitalisation.
| 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 | — |