Tech Mahindra Limited (TECHM) — Working Capital to Net Assets Ratio
Tech Mahindra Limited (TECHM) has a Working Capital to Net Assets ratio of 43.5% as of March 2026. Working capital of Rs130.77 Billion (current assets of Rs275.75 Billion minus current liabilities of Rs144.97 Billion) is measured against net assets of Rs300.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tech Mahindra Limited (TECHM) flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tech Mahindra Limited Working Capital to Net Assets (2005–2026)
This chart shows how Tech Mahindra Limited's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2005 to 2026. As of March 2026, the ratio stands at 43.5%, reflecting working capital of Rs130.77 Billion against net assets of Rs300.77 Billion INR. See TECHM defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tech Mahindra Limited (2005–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tech Mahindra Limited from 2005 to 2026, covering 22 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 cap of Tech Mahindra Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 43.5% | Rs130.77 Billion | Rs300.77 Billion | Rs275.75 Billion | Rs144.97 Billion | ▲ +6.3 pp |
| 2025 | 37.1% | Rs103.20 Billion | Rs277.92 Billion | Rs229.94 Billion | Rs126.74 Billion | ▼ -0.9 pp |
| 2024 | 38.0% | Rs103.25 Billion | Rs271.47 Billion | Rs229.42 Billion | Rs126.17 Billion | ▲ +0.5 pp |
| 2023 | 37.6% | Rs106.65 Billion | Rs283.95 Billion | Rs239.86 Billion | Rs133.21 Billion | ▼ -4.6 pp |
| 2022 | 42.2% | Rs115.44 Billion | Rs273.81 Billion | Rs240.49 Billion | Rs125.05 Billion | ▼ -15.8 pp |
| 2021 | 58.0% | Rs146.37 Billion | Rs252.44 Billion | Rs249.15 Billion | Rs102.78 Billion | ▲ +4.1 pp |
| 2020 | 53.9% | Rs119.60 Billion | Rs222.06 Billion | Rs228.86 Billion | Rs109.26 Billion | ▲ +0.1 pp |
| 2019 | 53.7% | Rs111.53 Billion | Rs207.62 Billion | Rs214.84 Billion | Rs103.31 Billion | ▲ +1.5 pp |
| 2018 | 52.2% | Rs101.08 Billion | Rs193.52 Billion | Rs180.24 Billion | Rs79.17 Billion | ▼ -6.0 pp |
| 2017 | 58.2% | Rs98.45 Billion | Rs169.01 Billion | Rs162.38 Billion | Rs63.93 Billion | ▼ -1.1 pp |
| 2016 | 59.3% | Rs93.50 Billion | Rs157.66 Billion | Rs149.86 Billion | Rs56.36 Billion | ▲ +16.5 pp |
| 2015 | 42.8% | Rs53.13 Billion | Rs124.09 Billion | Rs122.53 Billion | Rs69.39 Billion | ▼ -8.0 pp |
| 2014 | 50.8% | Rs47.40 Billion | Rs93.26 Billion | Rs105.47 Billion | Rs58.07 Billion | ▲ +44.1 pp |
| 2013 | 6.7% | Rs3.73 Billion | Rs55.34 Billion | Rs30.91 Billion | Rs27.18 Billion | ▼ -6.9 pp |
| 2012 | 13.7% | Rs5.54 Billion | Rs40.51 Billion | Rs22.04 Billion | Rs16.50 Billion | ▼ -18.0 pp |
| 2011 | 31.7% | Rs10.68 Billion | Rs33.67 Billion | Rs23.45 Billion | Rs12.78 Billion | ▼ -5.1 pp |
| 2010 | 36.8% | Rs10.68 Billion | Rs29.00 Billion | Rs19.35 Billion | Rs8.66 Billion | ▼ -10.0 pp |
| 2009 | 46.8% | Rs9.15 Billion | Rs19.54 Billion | Rs17.37 Billion | Rs8.22 Billion | ▼ -2.8 pp |
| 2008 | 49.6% | Rs6.29 Billion | Rs12.68 Billion | Rs15.56 Billion | Rs9.27 Billion | ▲ +7.5 pp |
| 2007 | 42.1% | Rs3.94 Billion | Rs9.36 Billion | Rs10.39 Billion | Rs6.45 Billion | ▲ +13.4 pp |
| 2006 | 28.7% | Rs1.74 Billion | Rs6.05 Billion | Rs5.68 Billion | Rs3.94 Billion | ▼ -109.4 pp |
| 2005 | 138.2% | Rs3.77 Billion | Rs2.73 Billion | Rs5.68 Billion | Rs1.91 Billion | — |