Polycab India Limited (POLYCAB) — Working Capital to Net Assets Ratio
Polycab India Limited (POLYCAB) has a Working Capital to Net Assets ratio of 53.2% as of June 2026. Working capital of Rs65.06 Billion (current assets of Rs152.98 Billion minus current liabilities of Rs87.92 Billion) is measured against net assets of Rs122.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Polycab India Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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 June 2026, the ratio stands at 53.2%, reflecting working capital of Rs65.06 Billion against net assets of Rs122.32 Billion INR. For the complete balance sheet picture, see how large is Polycab India Limited's balance sheet.
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. Check financial resilience of Polycab India Limited 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 | 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 | — |