National Fertilizers Limited (NFL) — Working Capital to Net Assets Ratio
National Fertilizers Limited (NFL) has a Working Capital to Net Assets ratio of 2.4% as of March 2026. Working capital of Rs688.10 Million (current assets of Rs74.49 Billion minus current liabilities of Rs73.80 Billion) is measured against net assets of Rs28.41 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NFL cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
National Fertilizers Limited Working Capital to Net Assets (2005–2026)
This chart shows how National Fertilizers Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the ratio stands at 2.4%, reflecting working capital of Rs688.10 Million against net assets of Rs28.41 Billion INR. For the complete balance sheet picture, see NFL total asset value.
Annual Working Capital to Net Assets for National Fertilizers Limited (2005–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for National Fertilizers Limited from 2005 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 National Fertilizers Limited liquid asset ratio 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 | 2.4% | Rs688.10 Million | Rs28.41 Billion | Rs74.49 Billion | Rs73.80 Billion | ▲ +1.2 pp |
| 2025 | 1.2% | Rs324.20 Million | Rs27.16 Billion | Rs49.41 Billion | Rs49.09 Billion | ▲ +6.8 pp |
| 2024 | -5.6% | Rs-1.44 Billion | Rs25.54 Billion | Rs66.36 Billion | Rs67.80 Billion | ▼ -28.2 pp |
| 2023 | 22.6% | Rs5.74 Billion | Rs25.42 Billion | Rs79.87 Billion | Rs74.13 Billion | ▲ +14.7 pp |
| 2022 | 7.9% | Rs1.62 Billion | Rs20.47 Billion | Rs57.78 Billion | Rs56.17 Billion | ▲ +0.1 pp |
| 2021 | 7.8% | Rs1.68 Billion | Rs21.40 Billion | Rs34.28 Billion | Rs32.60 Billion | ▼ -8.5 pp |
| 2020 | 16.4% | Rs3.11 Billion | Rs19.02 Billion | Rs98.16 Billion | Rs95.05 Billion | ▼ -27.2 pp |
| 2019 | 43.5% | Rs9.62 Billion | Rs22.10 Billion | Rs94.95 Billion | Rs85.33 Billion | ▲ +6.6 pp |
| 2018 | 37.0% | Rs7.34 Billion | Rs19.86 Billion | Rs52.48 Billion | Rs45.14 Billion | ▲ +2.4 pp |
| 2017 | 34.6% | Rs6.31 Billion | Rs18.25 Billion | Rs57.94 Billion | Rs51.63 Billion | ▼ -18.3 pp |
| 2016 | 52.8% | Rs8.49 Billion | Rs16.07 Billion | Rs69.30 Billion | Rs60.81 Billion | ▲ +6.1 pp |
| 2015 | 46.7% | Rs6.92 Billion | Rs14.81 Billion | Rs72.80 Billion | Rs65.88 Billion | ▼ -8.3 pp |
| 2014 | 55.0% | Rs8.22 Billion | Rs14.94 Billion | Rs66.97 Billion | Rs58.75 Billion | ▲ +23.5 pp |
| 2013 | 31.5% | Rs4.99 Billion | Rs15.84 Billion | Rs42.29 Billion | Rs37.30 Billion | ▲ +13.9 pp |
| 2012 | 17.6% | Rs3.09 Billion | Rs17.54 Billion | Rs30.90 Billion | Rs27.81 Billion | ▼ -32.7 pp |
| 2011 | 50.3% | Rs8.41 Billion | Rs16.72 Billion | Rs20.92 Billion | Rs12.51 Billion | ▼ -31.1 pp |
| 2010 | 81.4% | Rs12.84 Billion | Rs15.78 Billion | Rs20.82 Billion | Rs7.98 Billion | ▲ +38.0 pp |
| 2009 | 43.4% | Rs6.37 Billion | Rs14.69 Billion | Rs15.24 Billion | Rs8.87 Billion | ▼ -0.6 pp |
| 2008 | 44.0% | Rs6.19 Billion | Rs14.08 Billion | Rs14.43 Billion | Rs8.24 Billion | ▼ -29.1 pp |
| 2007 | 73.0% | Rs10.01 Billion | Rs13.71 Billion | Rs16.93 Billion | Rs6.92 Billion | ▲ +15.8 pp |
| 2006 | 57.2% | Rs7.19 Billion | Rs12.56 Billion | Rs12.72 Billion | Rs5.53 Billion | ▲ +28.1 pp |
| 2005 | 29.2% | Rs3.46 Billion | Rs11.86 Billion | Rs12.89 Billion | Rs9.43 Billion | — |