Tirupati Forge Limited (TIRUPATIFL) — Working Capital to Net Assets Ratio
Tirupati Forge Limited (TIRUPATIFL) has a Working Capital to Net Assets ratio of 50.7% as of September 2025. Working capital of Rs605.06 Million (current assets of Rs907.35 Million minus current liabilities of Rs302.29 Million) is measured against net assets of Rs1.19 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See TIRUPATIFL equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tirupati Forge Limited Working Capital to Net Assets (2013–2025)
This chart shows how Tirupati Forge Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of September 2025, the ratio stands at 50.7%, reflecting working capital of Rs605.06 Million against net assets of Rs1.19 Billion INR. Check TIRUPATIFL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Tirupati Forge Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tirupati Forge Limited from 2013 to 2025, 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. For live market cap and the full company profile, see Tirupati Forge Limited (TIRUPATIFL) market capitalisation.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 62.1% | Rs665.37 Million | Rs1.07 Billion | Rs887.82 Million | Rs222.45 Million | ▲ +11.4 pp |
| 2024 | 50.7% | Rs253.17 Million | Rs499.16 Million | Rs460.80 Million | Rs207.63 Million | ▼ -9.6 pp |
| 2023 | 60.3% | Rs218.45 Million | Rs362.38 Million | Rs345.89 Million | Rs127.44 Million | ▲ +6.6 pp |
| 2022 | 53.6% | Rs143.80 Million | Rs268.10 Million | Rs358.25 Million | Rs214.44 Million | ▲ +14.7 pp |
| 2021 | 39.0% | Rs80.87 Million | Rs207.62 Million | Rs178.79 Million | Rs97.92 Million | ▲ +5.0 pp |
| 2020 | 33.9% | Rs62.94 Million | Rs185.44 Million | Rs105.30 Million | Rs42.37 Million | ▼ -14.5 pp |
| 2019 | 48.4% | Rs71.27 Million | Rs147.16 Million | Rs121.68 Million | Rs50.41 Million | ▼ -9.7 pp |
| 2018 | 58.1% | Rs60.92 Million | Rs104.77 Million | Rs81.85 Million | Rs20.93 Million | ▲ +42.1 pp |
| 2017 | 16.0% | Rs4.20 Million | Rs26.21 Million | Rs54.17 Million | Rs49.97 Million | ▼ -7.4 pp |
| 2016 | 23.4% | Rs5.16 Million | Rs22.02 Million | Rs44.95 Million | Rs39.80 Million | ▼ -21.0 pp |
| 2015 | 44.4% | Rs9.03 Million | Rs20.33 Million | Rs87.61 Million | Rs78.58 Million | ▼ -42.1 pp |
| 2014 | 86.5% | Rs11.50 Million | Rs13.29 Million | Rs46.00 Million | Rs34.50 Million | ▼ -215.5 pp |
| 2013 | 302.0% | Rs14.65 Million | Rs4.85 Million | Rs15.90 Million | Rs1.25 Million | — |