Shah Alloys Limited (SHAHALLOYS) — Working Capital to Net Assets Ratio
Shah Alloys Limited (SHAHALLOYS) has a Working Capital to Net Assets ratio of -40.2% as of March 2026. Working capital of Rs-451.60 Million (current assets of Rs446.30 Million minus current liabilities of Rs897.90 Million) is measured against net assets of Rs1.12 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Shah Alloys Limited (SHAHALLOYS) financial flexibility to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shah Alloys Limited Working Capital to Net Assets (2006–2026)
This chart shows how Shah Alloys 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 -40.2%, reflecting working capital of Rs-451.60 Million against net assets of Rs1.12 Billion INR. See Shah Alloys Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Shah Alloys Limited (2006–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shah Alloys 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. For live market cap and the full company profile, see market value of Shah Alloys Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -40.2% | Rs-451.60 Million | Rs1.12 Billion | Rs446.30 Million | Rs897.90 Million | ▼ -2130.8 pp |
| 2025 | 2090.6% | Rs-1.61 Billion | Rs-76.90 Million | Rs350.80 Million | Rs1.96 Billion | ▲ +3406.5 pp |
| 2024 | -1315.8% | Rs-1.48 Billion | Rs112.45 Million | Rs909.25 Million | Rs2.39 Billion | ▼ -927.2 pp |
| 2023 | -388.6% | Rs-1.19 Billion | Rs305.10 Million | Rs1.31 Billion | Rs2.49 Billion | ▲ +14.1 pp |
| 2022 | -402.7% | Rs-1.10 Billion | Rs273.97 Million | Rs1.46 Billion | Rs2.56 Billion | ▼ -713.7 pp |
| 2021 | 311.0% | Rs-1.70 Billion | Rs-546.80 Million | Rs943.87 Million | Rs2.64 Billion | ▼ -523.9 pp |
| 2020 | 834.9% | Rs-1.50 Billion | Rs-179.39 Million | Rs1.12 Billion | Rs2.62 Billion | ▲ +625.0 pp |
| 2019 | 210.0% | Rs-3.48 Billion | Rs-1.66 Billion | Rs1.62 Billion | Rs5.11 Billion | ▲ +51.9 pp |
| 2018 | 158.0% | Rs-2.74 Billion | Rs-1.73 Billion | Rs991.41 Million | Rs3.73 Billion | ▼ -38.9 pp |
| 2017 | 197.0% | Rs-5.42 Billion | Rs-2.75 Billion | Rs1.36 Billion | Rs6.78 Billion | ▲ +24.6 pp |
| 2016 | 172.3% | Rs-6.55 Billion | Rs-3.80 Billion | Rs1.10 Billion | Rs7.65 Billion | ▲ +24.0 pp |
| 2015 | 148.3% | Rs-10.52 Billion | Rs-7.09 Billion | Rs1.36 Billion | Rs11.88 Billion | ▼ -3.1 pp |
| 2014 | 151.5% | Rs-8.68 Billion | Rs-5.73 Billion | Rs2.34 Billion | Rs11.02 Billion | ▲ +5.2 pp |
| 2013 | 146.3% | Rs-6.50 Billion | Rs-4.45 Billion | Rs2.76 Billion | Rs9.27 Billion | ▲ +11.0 pp |
| 2012 | 135.3% | Rs-4.65 Billion | Rs-3.44 Billion | Rs3.08 Billion | Rs7.73 Billion | ▲ +306.2 pp |
| 2011 | -170.9% | Rs3.04 Billion | Rs-1.78 Billion | Rs4.28 Billion | Rs1.23 Billion | ▲ +438.3 pp |
| 2010 | -609.2% | Rs2.67 Billion | Rs-437.91 Million | Rs4.55 Billion | Rs1.89 Billion | ▼ -1759.4 pp |
| 2009 | 1150.2% | Rs2.27 Billion | Rs197.48 Million | Rs3.87 Billion | Rs1.60 Billion | ▲ +934.8 pp |
| 2008 | 215.4% | Rs2.80 Billion | Rs1.30 Billion | Rs3.71 Billion | Rs913.75 Million | ▲ +158.6 pp |
| 2007 | 56.8% | Rs1.43 Billion | Rs2.51 Billion | Rs5.17 Billion | Rs3.75 Billion | ▼ -25.3 pp |
| 2006 | 82.1% | Rs1.53 Billion | Rs1.87 Billion | Rs4.85 Billion | Rs3.32 Billion | — |