Tamil Nadu Newsprint & Papers Limited (TNPL) — Working Capital to Net Assets Ratio
Tamil Nadu Newsprint & Papers Limited (TNPL) has a Working Capital to Net Assets ratio of -35.0% as of March 2026. Working capital of Rs-8.10 Billion (current assets of Rs17.95 Billion minus current liabilities of Rs26.05 Billion) is measured against net assets of Rs23.16 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Tamil Nadu Newsprint & Papers Limited leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Tamil Nadu Newsprint & Papers Limited Working Capital to Net Assets (2004–2026)
This chart shows how Tamil Nadu Newsprint & Papers Limited's Working Capital to Net Assets ratio has evolved across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at -35.0%, reflecting working capital of Rs-8.10 Billion against net assets of Rs23.16 Billion INR. See Tamil Nadu Newsprint & Papers Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Tamil Nadu Newsprint & Papers Limited (2004–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Tamil Nadu Newsprint & Papers Limited from 2004 to 2026, covering 23 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 Tamil Nadu Newsprint & Papers Limited market cap and net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | -35.0% | Rs-8.10 Billion | Rs23.16 Billion | Rs17.95 Billion | Rs26.05 Billion | ▲ +5.9 pp |
| 2025 | -40.9% | Rs-8.54 Billion | Rs20.87 Billion | Rs16.33 Billion | Rs24.86 Billion | ▼ -1.5 pp |
| 2024 | -39.4% | Rs-8.24 Billion | Rs20.90 Billion | Rs16.45 Billion | Rs24.69 Billion | ▲ +14.0 pp |
| 2023 | -53.4% | Rs-10.38 Billion | Rs19.44 Billion | Rs15.64 Billion | Rs26.02 Billion | ▲ +19.5 pp |
| 2022 | -72.9% | Rs-11.59 Billion | Rs15.89 Billion | Rs10.32 Billion | Rs21.90 Billion | ▼ -30.4 pp |
| 2021 | -42.5% | Rs-6.78 Billion | Rs15.97 Billion | Rs13.87 Billion | Rs20.65 Billion | ▼ -4.6 pp |
| 2020 | -37.9% | Rs-6.48 Billion | Rs17.13 Billion | Rs16.07 Billion | Rs22.55 Billion | ▲ +6.5 pp |
| 2019 | -44.3% | Rs-7.32 Billion | Rs16.52 Billion | Rs15.63 Billion | Rs22.96 Billion | ▲ +5.7 pp |
| 2018 | -50.1% | Rs-8.03 Billion | Rs16.03 Billion | Rs13.36 Billion | Rs21.39 Billion | ▼ -14.5 pp |
| 2017 | -35.6% | Rs-6.06 Billion | Rs17.05 Billion | Rs13.60 Billion | Rs19.67 Billion | ▲ +2.2 pp |
| 2016 | -37.8% | Rs-5.71 Billion | Rs15.10 Billion | Rs10.65 Billion | Rs16.36 Billion | ▼ -1.9 pp |
| 2015 | -35.9% | Rs-4.31 Billion | Rs12.02 Billion | Rs12.34 Billion | Rs16.66 Billion | ▲ +17.1 pp |
| 2014 | -53.0% | Rs-6.08 Billion | Rs11.46 Billion | Rs9.14 Billion | Rs15.22 Billion | ▲ +3.6 pp |
| 2013 | -56.6% | Rs-5.86 Billion | Rs10.35 Billion | Rs8.27 Billion | Rs14.14 Billion | ▼ -9.3 pp |
| 2012 | -47.3% | Rs-4.60 Billion | Rs9.71 Billion | Rs9.30 Billion | Rs13.89 Billion | ▼ -62.2 pp |
| 2011 | 14.9% | Rs1.36 Billion | Rs9.16 Billion | Rs7.37 Billion | Rs6.00 Billion | ▼ -17.4 pp |
| 2010 | 32.3% | Rs2.60 Billion | Rs8.05 Billion | Rs5.94 Billion | Rs3.34 Billion | ▲ +1.4 pp |
| 2009 | 30.9% | Rs2.06 Billion | Rs6.64 Billion | Rs5.27 Billion | Rs3.22 Billion | ▲ +18.4 pp |
| 2008 | 12.5% | Rs800.35 Million | Rs6.40 Billion | Rs3.91 Billion | Rs3.10 Billion | ▼ -6.5 pp |
| 2007 | 19.0% | Rs1.10 Billion | Rs5.77 Billion | Rs3.68 Billion | Rs2.58 Billion | ▼ -6.6 pp |
| 2006 | 25.6% | Rs1.34 Billion | Rs5.23 Billion | Rs3.64 Billion | Rs2.30 Billion | ▼ -7.4 pp |
| 2005 | 33.0% | Rs1.54 Billion | Rs4.65 Billion | Rs3.85 Billion | Rs2.32 Billion | ▲ +25.1 pp |
| 2004 | 8.0% | Rs358.52 Million | Rs4.49 Billion | Rs3.06 Billion | Rs2.70 Billion | — |