Usha Martin Limited (USHAMART) — Working Capital to Net Assets Ratio
Usha Martin Limited (USHAMART) has a Working Capital to Net Assets ratio of 44.9% as of September 2025. Working capital of Rs13.31 Billion (current assets of Rs19.78 Billion minus current liabilities of Rs6.47 Billion) is measured against net assets of Rs29.65 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See USHAMART financial 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
Usha Martin Limited Working Capital to Net Assets (2005–2025)
This chart shows how Usha Martin 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 44.9%, reflecting working capital of Rs13.31 Billion against net assets of Rs29.65 Billion INR. See defensive interval ratio of Usha Martin Limited to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Usha Martin Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Usha Martin 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 USHAMART company net worth.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 46.8% | Rs12.89 Billion | Rs27.52 Billion | Rs19.84 Billion | Rs6.95 Billion | ▼ -2.4 pp |
| 2024 | 49.2% | Rs11.73 Billion | Rs23.84 Billion | Rs17.89 Billion | Rs6.16 Billion | ▼ -1.9 pp |
| 2023 | 51.1% | Rs10.40 Billion | Rs20.35 Billion | Rs17.49 Billion | Rs7.09 Billion | ▼ -1.0 pp |
| 2022 | 52.1% | Rs8.85 Billion | Rs16.97 Billion | Rs15.90 Billion | Rs7.05 Billion | ▲ +10.7 pp |
| 2021 | 41.4% | Rs5.83 Billion | Rs14.07 Billion | Rs13.93 Billion | Rs8.11 Billion | ▲ +5.4 pp |
| 2020 | 36.0% | Rs4.56 Billion | Rs12.65 Billion | Rs13.08 Billion | Rs8.52 Billion | ▼ -172.1 pp |
| 2019 | 208.2% | Rs16.95 Billion | Rs8.14 Billion | Rs55.22 Billion | Rs38.26 Billion | ▲ +413.2 pp |
| 2018 | -205.0% | Rs-15.59 Billion | Rs7.61 Billion | Rs22.60 Billion | Rs38.20 Billion | ▼ -62.1 pp |
| 2017 | -142.9% | Rs-13.99 Billion | Rs9.79 Billion | Rs23.77 Billion | Rs37.76 Billion | ▼ -67.4 pp |
| 2016 | -75.5% | Rs-10.57 Billion | Rs14.00 Billion | Rs22.62 Billion | Rs33.19 Billion | ▼ -24.4 pp |
| 2015 | -51.1% | Rs-9.15 Billion | Rs17.90 Billion | Rs26.56 Billion | Rs35.71 Billion | ▼ -3.0 pp |
| 2014 | -48.1% | Rs-9.78 Billion | Rs20.33 Billion | Rs24.97 Billion | Rs34.74 Billion | ▼ -40.5 pp |
| 2013 | -7.5% | Rs-1.48 Billion | Rs19.58 Billion | Rs26.43 Billion | Rs27.91 Billion | ▼ -23.9 pp |
| 2012 | 16.4% | Rs3.03 Billion | Rs18.52 Billion | Rs24.78 Billion | Rs21.74 Billion | ▼ -2.4 pp |
| 2011 | 18.8% | Rs3.38 Billion | Rs18.02 Billion | Rs20.95 Billion | Rs17.57 Billion | ▲ +36.4 pp |
| 2010 | -17.6% | Rs-3.00 Billion | Rs17.04 Billion | Rs15.53 Billion | Rs18.53 Billion | ▼ -46.3 pp |
| 2009 | 28.7% | Rs3.31 Billion | Rs11.53 Billion | Rs14.98 Billion | Rs11.68 Billion | ▼ -25.3 pp |
| 2008 | 53.9% | Rs5.29 Billion | Rs9.81 Billion | Rs16.01 Billion | Rs10.72 Billion | ▼ -11.9 pp |
| 2007 | 65.9% | Rs5.19 Billion | Rs7.88 Billion | Rs11.18 Billion | Rs5.98 Billion | ▼ -2.3 pp |
| 2006 | 68.2% | Rs4.23 Billion | Rs6.21 Billion | Rs9.57 Billion | Rs5.34 Billion | ▼ -31.9 pp |
| 2005 | 100.1% | Rs4.29 Billion | Rs4.29 Billion | Rs9.75 Billion | Rs5.46 Billion | — |