Shanthi Gears Limited (SHANTIGEAR) — Working Capital to Net Assets Ratio
Shanthi Gears Limited (SHANTIGEAR) has a Working Capital to Net Assets ratio of 69.3% as of September 2025. Working capital of Rs2.99 Billion (current assets of Rs3.91 Billion minus current liabilities of Rs923.80 Million) is measured against net assets of Rs4.32 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Shanthi Gears Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Shanthi Gears Limited Working Capital to Net Assets (2005–2025)
This chart shows how Shanthi Gears Limited's Working Capital to Net Assets ratio has evolved across 21 annual periods from 2005 to 2025. As of September 2025, the ratio stands at 69.3%, reflecting working capital of Rs2.99 Billion against net assets of Rs4.32 Billion INR. Check how tangible is Shanthi Gears Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Shanthi Gears Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Shanthi Gears Limited from 2005 to 2025, 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 Shanthi Gears Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 69.8% | Rs2.81 Billion | Rs4.03 Billion | Rs3.82 Billion | Rs1.00 Billion | ▲ +3.1 pp |
| 2024 | 66.7% | Rs2.30 Billion | Rs3.45 Billion | Rs3.27 Billion | Rs970.00 Million | ▲ +2.1 pp |
| 2023 | 64.6% | Rs1.95 Billion | Rs3.02 Billion | Rs2.70 Billion | Rs750.70 Million | ▲ +3.5 pp |
| 2022 | 61.1% | Rs1.59 Billion | Rs2.60 Billion | Rs2.39 Billion | Rs799.50 Million | ▲ +7.3 pp |
| 2021 | 53.9% | Rs1.28 Billion | Rs2.37 Billion | Rs2.14 Billion | Rs858.10 Million | ▲ +0.3 pp |
| 2020 | 53.5% | Rs1.22 Billion | Rs2.29 Billion | Rs1.75 Billion | Rs528.70 Million | ▼ -19.2 pp |
| 2019 | 72.7% | Rs2.20 Billion | Rs3.02 Billion | Rs2.69 Billion | Rs493.10 Million | ▼ -2.0 pp |
| 2018 | 74.7% | Rs2.38 Billion | Rs3.18 Billion | Rs2.79 Billion | Rs412.90 Million | ▲ +3.5 pp |
| 2017 | 71.2% | Rs2.18 Billion | Rs3.06 Billion | Rs2.59 Billion | Rs410.70 Million | ▲ +4.5 pp |
| 2016 | 66.7% | Rs1.89 Billion | Rs2.84 Billion | Rs2.23 Billion | Rs337.50 Million | ▼ 0.0 pp |
| 2015 | 66.7% | Rs1.81 Billion | Rs2.71 Billion | Rs2.15 Billion | Rs345.00 Million | ▲ +3.6 pp |
| 2014 | 63.1% | Rs1.68 Billion | Rs2.66 Billion | Rs1.97 Billion | Rs286.60 Million | ▲ +8.0 pp |
| 2013 | 55.2% | Rs1.42 Billion | Rs2.58 Billion | Rs1.66 Billion | Rs238.20 Million | ▲ +9.5 pp |
| 2012 | 45.7% | Rs1.13 Billion | Rs2.48 Billion | Rs1.44 Billion | Rs302.33 Million | ▲ +7.4 pp |
| 2011 | 38.3% | Rs877.70 Million | Rs2.29 Billion | Rs1.23 Billion | Rs355.05 Million | ▲ +3.3 pp |
| 2010 | 35.0% | Rs738.78 Million | Rs2.11 Billion | Rs970.27 Million | Rs231.49 Million | ▼ -18.6 pp |
| 2009 | 53.6% | Rs1.08 Billion | Rs2.02 Billion | Rs1.56 Billion | Rs472.61 Million | ▲ +4.0 pp |
| 2008 | 49.6% | Rs842.40 Million | Rs1.70 Billion | Rs1.21 Billion | Rs363.31 Million | ▼ -14.4 pp |
| 2007 | 64.0% | Rs841.96 Million | Rs1.32 Billion | Rs1.19 Billion | Rs348.36 Million | ▼ -17.0 pp |
| 2006 | 81.0% | Rs759.86 Million | Rs937.87 Million | Rs1.34 Billion | Rs580.19 Million | ▲ +43.9 pp |
| 2005 | 37.1% | Rs259.90 Million | Rs700.52 Million | Rs749.42 Million | Rs489.52 Million | — |