Pennar Industries Limited (PENIND) — Working Capital to Net Assets Ratio
Pennar Industries Limited (PENIND) has a Working Capital to Net Assets ratio of 22.4% as of March 2026. Working capital of Rs2.61 Billion (current assets of Rs22.44 Billion minus current liabilities of Rs19.83 Billion) is measured against net assets of Rs11.63 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PENIND defensive interval ratio to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pennar Industries Limited Working Capital to Net Assets (2006–2026)
This chart shows how Pennar Industries Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2006 to 2026. As of March 2026, the ratio stands at 22.4%, reflecting working capital of Rs2.61 Billion against net assets of Rs11.63 Billion INR. For the complete balance sheet picture, see balance sheet size of Pennar Industries Limited.
Annual Working Capital to Net Assets for Pennar Industries Limited (2006–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pennar Industries Limited from 2006 to 2026, covering 21 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 Pennar Industries Limited (PENIND) liquid assets 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 | 22.4% | Rs2.61 Billion | Rs11.63 Billion | Rs22.44 Billion | Rs19.83 Billion | ▼ -0.4 pp |
| 2025 | 22.8% | Rs2.28 Billion | Rs10.00 Billion | Rs19.06 Billion | Rs16.78 Billion | ▲ +15.5 pp |
| 2024 | 7.3% | Rs638.60 Million | Rs8.77 Billion | Rs16.36 Billion | Rs15.73 Billion | ▼ -9.3 pp |
| 2023 | 16.6% | Rs1.29 Billion | Rs7.79 Billion | Rs14.98 Billion | Rs13.69 Billion | ▼ -3.0 pp |
| 2022 | 19.6% | Rs1.44 Billion | Rs7.36 Billion | Rs13.71 Billion | Rs12.27 Billion | ▼ -4.4 pp |
| 2021 | 24.0% | Rs1.67 Billion | Rs6.97 Billion | Rs11.85 Billion | Rs10.18 Billion | ▲ +6.3 pp |
| 2020 | 17.7% | Rs1.24 Billion | Rs7.01 Billion | Rs11.00 Billion | Rs9.76 Billion | ▼ -12.6 pp |
| 2019 | 30.3% | Rs2.02 Billion | Rs6.68 Billion | Rs11.31 Billion | Rs9.29 Billion | ▼ -26.6 pp |
| 2018 | 56.9% | Rs3.44 Billion | Rs6.04 Billion | Rs11.09 Billion | Rs7.65 Billion | ▲ +8.4 pp |
| 2017 | 48.5% | Rs3.18 Billion | Rs6.56 Billion | Rs10.61 Billion | Rs7.43 Billion | ▲ +9.4 pp |
| 2016 | 39.1% | Rs2.35 Billion | Rs5.99 Billion | Rs9.38 Billion | Rs7.04 Billion | ▼ -12.4 pp |
| 2015 | 51.5% | Rs2.31 Billion | Rs4.48 Billion | Rs6.34 Billion | Rs4.03 Billion | ▲ +7.3 pp |
| 2014 | 44.2% | Rs1.82 Billion | Rs4.13 Billion | Rs5.35 Billion | Rs3.53 Billion | ▲ +1.4 pp |
| 2013 | 42.8% | Rs1.59 Billion | Rs3.72 Billion | Rs4.89 Billion | Rs3.30 Billion | ▲ +2.9 pp |
| 2012 | 39.9% | Rs1.30 Billion | Rs3.25 Billion | Rs4.38 Billion | Rs3.09 Billion | ▼ -51.8 pp |
| 2011 | 91.7% | Rs2.54 Billion | Rs2.77 Billion | Rs3.56 Billion | Rs1.02 Billion | ▼ -11.4 pp |
| 2010 | 103.1% | Rs2.29 Billion | Rs2.22 Billion | Rs3.30 Billion | Rs1.01 Billion | ▲ +11.6 pp |
| 2009 | 91.5% | Rs1.81 Billion | Rs1.98 Billion | Rs2.22 Billion | Rs410.05 Million | ▲ +11.6 pp |
| 2008 | 79.9% | Rs1.50 Billion | Rs1.88 Billion | Rs1.92 Billion | Rs410.90 Million | ▼ -11.0 pp |
| 2007 | 90.9% | Rs1.26 Billion | Rs1.39 Billion | Rs1.46 Billion | Rs195.43 Million | ▲ +7.0 pp |
| 2006 | 83.9% | Rs1.15 Billion | Rs1.37 Billion | Rs1.36 Billion | Rs204.84 Million | — |