Pennar Industries Limited (PENIND) — Working Capital to Net Assets Ratio
Pennar Industries Limited (PENIND) has a Working Capital to Net Assets ratio of 14.2% as of September 2025. Working capital of Rs1.52 Billion (current assets of Rs20.86 Billion minus current liabilities of Rs19.34 Billion) is measured against net assets of Rs10.70 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Pennar Industries Limited balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Pennar Industries Limited Working Capital to Net Assets (2006–2025)
This chart shows how Pennar Industries Limited's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2006 to 2025. As of September 2025, the ratio stands at 14.2%, reflecting working capital of Rs1.52 Billion against net assets of Rs10.70 Billion INR. Check Pennar Industries Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Pennar Industries Limited (2006–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Pennar Industries Limited from 2006 to 2025, covering 20 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 cap of Pennar Industries Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |