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 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see how large is MRF Limited's balance sheet.
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. Check MRF Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
| 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 | — |