UltraTech Cement Limited (ULTRACEMCO) — Working Capital to Net Assets Ratio
UltraTech Cement Limited (ULTRACEMCO) has a Working Capital to Net Assets ratio of -14.7% as of September 2025. Working capital of Rs-111.48 Billion (current assets of Rs237.57 Billion minus current liabilities of Rs349.04 Billion) is measured against net assets of Rs759.67 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See UltraTech Cement Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
UltraTech Cement Limited Working Capital to Net Assets (2005–2025)
This chart shows how UltraTech Cement 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 -14.7%, reflecting working capital of Rs-111.48 Billion against net assets of Rs759.67 Billion INR. For the complete balance sheet picture, see ULTRACEMCO current and non-current assets.
Annual Working Capital to Net Assets for UltraTech Cement Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for UltraTech Cement 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. Check UltraTech Cement Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -11.9% | Rs-87.65 Billion | Rs738.93 Billion | Rs236.00 Billion | Rs323.65 Billion | ▼ -5.6 pp |
| 2024 | -6.2% | Rs-37.62 Billion | Rs602.83 Billion | Rs231.43 Billion | Rs269.06 Billion | ▼ -1.3 pp |
| 2023 | -5.0% | Rs-27.07 Billion | Rs542.69 Billion | Rs207.25 Billion | Rs234.32 Billion | ▲ +0.3 pp |
| 2022 | -5.3% | Rs-26.75 Billion | Rs504.32 Billion | Rs174.80 Billion | Rs201.55 Billion | ▼ -11.4 pp |
| 2021 | 6.1% | Rs27.06 Billion | Rs441.80 Billion | Rs230.54 Billion | Rs203.48 Billion | ▲ +11.8 pp |
| 2020 | -5.6% | Rs-22.10 Billion | Rs391.23 Billion | Rs139.32 Billion | Rs161.42 Billion | ▼ -1.8 pp |
| 2019 | -3.9% | Rs-11.02 Billion | Rs284.01 Billion | Rs117.55 Billion | Rs128.57 Billion | ▼ -4.4 pp |
| 2018 | 0.5% | Rs1.30 Billion | Rs263.97 Billion | Rs114.68 Billion | Rs113.39 Billion | ▼ -20.0 pp |
| 2017 | 20.5% | Rs49.95 Billion | Rs244.01 Billion | Rs133.25 Billion | Rs83.29 Billion | ▲ +27.8 pp |
| 2016 | -7.4% | Rs-15.53 Billion | Rs210.74 Billion | Rs99.75 Billion | Rs115.27 Billion | ▲ +4.3 pp |
| 2015 | -11.7% | Rs-22.23 Billion | Rs190.59 Billion | Rs87.97 Billion | Rs110.20 Billion | ▼ -28.9 pp |
| 2014 | 17.3% | Rs29.70 Billion | Rs171.99 Billion | Rs95.02 Billion | Rs65.33 Billion | ▲ +9.3 pp |
| 2013 | 7.9% | Rs12.16 Billion | Rs153.08 Billion | Rs82.83 Billion | Rs70.67 Billion | ▼ -7.1 pp |
| 2012 | 15.0% | Rs19.39 Billion | Rs128.87 Billion | Rs72.45 Billion | Rs53.06 Billion | ▲ +10.4 pp |
| 2011 | 4.6% | Rs4.93 Billion | Rs107.12 Billion | Rs41.36 Billion | Rs36.43 Billion | ▲ +0.1 pp |
| 2010 | 4.5% | Rs2.08 Billion | Rs46.27 Billion | Rs15.13 Billion | Rs13.05 Billion | ▲ +0.7 pp |
| 2009 | 3.8% | Rs1.39 Billion | Rs36.18 Billion | Rs13.90 Billion | Rs12.51 Billion | ▲ +2.4 pp |
| 2008 | 1.4% | Rs386.50 Million | Rs27.08 Billion | Rs13.20 Billion | Rs12.81 Billion | ▼ -10.5 pp |
| 2007 | 12.0% | Rs2.12 Billion | Rs17.74 Billion | Rs9.69 Billion | Rs7.57 Billion | ▼ -8.7 pp |
| 2006 | 20.7% | Rs2.17 Billion | Rs10.46 Billion | Rs7.76 Billion | Rs5.59 Billion | ▼ -4.3 pp |
| 2005 | 25.0% | Rs2.44 Billion | Rs9.78 Billion | Rs7.21 Billion | Rs4.77 Billion | — |