Polycab India Limited (POLYCAB) — Working Capital to Net Assets Ratio
Polycab India Limited (POLYCAB) has a Working Capital to Net Assets ratio of 55.2% as of March 2026. Working capital of Rs66.93 Billion (current assets of Rs146.58 Billion minus current liabilities of Rs79.65 Billion) is measured against net assets of Rs121.27 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Polycab India Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Polycab India Limited Working Capital to Net Assets (2014–2026)
This chart shows how Polycab India Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2014 to 2026. As of March 2026, the ratio stands at 55.2%, reflecting working capital of Rs66.93 Billion against net assets of Rs121.27 Billion INR. Check Polycab India Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Polycab India Limited (2014–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Polycab India Limited from 2014 to 2026, covering 13 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 Polycab India Limited (POLYCAB) market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 55.2% | Rs66.93 Billion | Rs121.27 Billion | Rs146.58 Billion | Rs79.65 Billion | ▼ -3.4 pp |
| 2025 | 58.6% | Rs58.09 Billion | Rs99.07 Billion | Rs93.19 Billion | Rs35.10 Billion | ▼ -3.7 pp |
| 2024 | 62.3% | Rs51.36 Billion | Rs82.43 Billion | Rs87.14 Billion | Rs35.78 Billion | ▼ -1.9 pp |
| 2023 | 64.2% | Rs42.82 Billion | Rs66.69 Billion | Rs69.09 Billion | Rs26.27 Billion | ▲ +3.2 pp |
| 2022 | 61.0% | Rs34.00 Billion | Rs55.69 Billion | Rs51.41 Billion | Rs17.41 Billion | ▲ +3.3 pp |
| 2021 | 57.8% | Rs27.58 Billion | Rs47.73 Billion | Rs47.73 Billion | Rs20.15 Billion | ▲ +4.8 pp |
| 2020 | 53.0% | Rs20.41 Billion | Rs38.51 Billion | Rs40.50 Billion | Rs20.09 Billion | ▲ +7.3 pp |
| 2019 | 45.7% | Rs13.05 Billion | Rs28.55 Billion | Rs39.24 Billion | Rs26.19 Billion | ▲ +0.1 pp |
| 2018 | 45.7% | Rs10.74 Billion | Rs23.54 Billion | Rs29.22 Billion | Rs18.48 Billion | ▲ +6.6 pp |
| 2017 | 39.1% | Rs7.80 Billion | Rs19.97 Billion | Rs31.06 Billion | Rs23.26 Billion | ▼ -0.2 pp |
| 2016 | 39.3% | Rs7.02 Billion | Rs17.86 Billion | Rs26.52 Billion | Rs19.50 Billion | ▲ +3.4 pp |
| 2015 | 35.9% | Rs5.95 Billion | Rs16.59 Billion | Rs22.51 Billion | Rs16.55 Billion | ▼ -3.5 pp |
| 2014 | 39.4% | Rs5.96 Billion | Rs15.15 Billion | Rs18.45 Billion | Rs12.48 Billion | — |