Refex Industries Limited (REFEX) — Working Capital to Net Assets Ratio
Refex Industries Limited (REFEX) has a Working Capital to Net Assets ratio of 80.5% as of September 2025. Working capital of Rs10.28 Billion (current assets of Rs15.63 Billion minus current liabilities of Rs5.36 Billion) is measured against net assets of Rs12.76 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Refex Industries Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Refex Industries Limited Working Capital to Net Assets (2005–2025)
This chart shows how Refex Industries Limited's Working Capital to Net Assets ratio has evolved across 20 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 80.5%, reflecting working capital of Rs10.28 Billion against net assets of Rs12.76 Billion INR. Check tangible equity quality of Refex Industries Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Refex Industries Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Refex Industries Limited from 2005 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 Refex Industries Limited market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 81.3% | Rs9.85 Billion | Rs12.12 Billion | Rs13.81 Billion | Rs3.96 Billion | ▲ +15.0 pp |
| 2024 | 66.3% | Rs3.08 Billion | Rs4.65 Billion | Rs5.02 Billion | Rs1.94 Billion | ▲ +4.5 pp |
| 2023 | 61.8% | Rs1.94 Billion | Rs3.14 Billion | Rs5.26 Billion | Rs3.32 Billion | ▲ +19.6 pp |
| 2022 | 42.2% | Rs776.22 Million | Rs1.84 Billion | Rs2.13 Billion | Rs1.36 Billion | ▲ +12.2 pp |
| 2021 | 30.0% | Rs418.41 Million | Rs1.40 Billion | Rs1.71 Billion | Rs1.29 Billion | ▼ -49.8 pp |
| 2020 | 79.8% | Rs605.13 Million | Rs758.03 Million | Rs1.09 Billion | Rs487.10 Million | ▲ +43.0 pp |
| 2019 | 36.8% | Rs157.43 Million | Rs427.29 Million | Rs1.31 Billion | Rs1.15 Billion | ▼ -258.0 pp |
| 2018 | 294.8% | Rs327.24 Million | Rs111.00 Million | Rs780.87 Million | Rs453.64 Million | ▲ +28.4 pp |
| 2017 | 266.4% | Rs270.76 Million | Rs101.63 Million | Rs405.04 Million | Rs134.28 Million | ▲ +349.2 pp |
| 2016 | -82.8% | Rs-80.39 Million | Rs97.07 Million | Rs1.00 Billion | Rs1.09 Billion | ▲ +84.6 pp |
| 2015 | -167.4% | Rs-73.52 Million | Rs43.92 Million | Rs533.40 Million | Rs606.92 Million | ▲ +1084.7 pp |
| 2014 | -1252.1% | Rs-171.70 Million | Rs13.71 Million | Rs120.23 Million | Rs291.93 Million | ▲ +14836.3 pp |
| 2013 | -16088.4% | Rs-308.58 Million | Rs1.92 Million | Rs148.35 Million | Rs456.93 Million | ▼ -15952.0 pp |
| 2012 | -136.4% | Rs-216.19 Million | Rs158.48 Million | Rs252.10 Million | Rs468.29 Million | ▼ -135.4 pp |
| 2011 | -1.0% | Rs-4.07 Million | Rs392.56 Million | Rs557.64 Million | Rs561.71 Million | ▼ -65.2 pp |
| 2009 | 64.1% | Rs310.31 Million | Rs483.96 Million | Rs527.12 Million | Rs216.81 Million | ▲ +4.7 pp |
| 2008 | 59.4% | Rs275.51 Million | Rs463.71 Million | Rs359.02 Million | Rs83.51 Million | ▼ -49.8 pp |
| 2007 | 109.2% | Rs436.90 Million | Rs400.19 Million | Rs530.90 Million | Rs94.00 Million | ▲ +102.8 pp |
| 2006 | 6.4% | Rs1.55 Million | Rs24.34 Million | Rs24.30 Million | Rs22.75 Million | ▲ +61.9 pp |
| 2005 | -55.5% | Rs-1.14 Million | Rs2.06 Million | Rs3.42 Million | Rs4.56 Million | — |