V-Guard Industries Limited (VGUARD) — Working Capital to Net Assets Ratio
V-Guard Industries Limited (VGUARD) has a Working Capital to Net Assets ratio of 35.4% as of September 2025. Working capital of Rs7.74 Billion (current assets of Rs16.82 Billion minus current liabilities of Rs9.08 Billion) is measured against net assets of Rs21.90 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See net asset quality index of V-Guard Industries Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
V-Guard Industries Limited Working Capital to Net Assets (2005–2025)
This chart shows how V-Guard Industries 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 35.4%, reflecting working capital of Rs7.74 Billion against net assets of Rs21.90 Billion INR. Check V-Guard Industries Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for V-Guard Industries Limited (2005–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for V-Guard Industries 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 VGUARD market cap overview.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 34.8% | Rs7.30 Billion | Rs20.98 Billion | Rs17.52 Billion | Rs10.23 Billion | ▼ -0.2 pp |
| 2024 | 35.0% | Rs6.35 Billion | Rs18.14 Billion | Rs16.37 Billion | Rs10.02 Billion | ▼ -7.8 pp |
| 2023 | 42.8% | Rs6.89 Billion | Rs16.08 Billion | Rs15.05 Billion | Rs8.17 Billion | ▼ -20.9 pp |
| 2022 | 63.7% | Rs8.94 Billion | Rs14.02 Billion | Rs15.20 Billion | Rs6.27 Billion | ▼ -2.7 pp |
| 2021 | 66.5% | Rs8.08 Billion | Rs12.16 Billion | Rs14.01 Billion | Rs5.93 Billion | ▲ +1.3 pp |
| 2020 | 65.2% | Rs6.52 Billion | Rs9.99 Billion | Rs10.60 Billion | Rs4.09 Billion | ▼ -5.1 pp |
| 2019 | 70.3% | Rs6.34 Billion | Rs9.02 Billion | Rs10.89 Billion | Rs4.55 Billion | ▲ +2.3 pp |
| 2018 | 68.1% | Rs5.11 Billion | Rs7.51 Billion | Rs9.16 Billion | Rs4.05 Billion | ▼ -3.4 pp |
| 2017 | 71.4% | Rs4.55 Billion | Rs6.37 Billion | Rs7.29 Billion | Rs2.74 Billion | ▲ +3.4 pp |
| 2016 | 68.0% | Rs3.20 Billion | Rs4.71 Billion | Rs5.35 Billion | Rs2.15 Billion | ▲ +3.5 pp |
| 2015 | 64.6% | Rs2.44 Billion | Rs3.78 Billion | Rs5.43 Billion | Rs2.99 Billion | ▲ +3.0 pp |
| 2014 | 61.6% | Rs1.96 Billion | Rs3.18 Billion | Rs4.96 Billion | Rs3.00 Billion | ▲ +1.7 pp |
| 2013 | 59.8% | Rs1.56 Billion | Rs2.61 Billion | Rs4.96 Billion | Rs3.40 Billion | ▲ +7.6 pp |
| 2012 | 52.2% | Rs1.10 Billion | Rs2.11 Billion | Rs3.32 Billion | Rs2.22 Billion | ▼ -65.3 pp |
| 2011 | 117.5% | Rs2.02 Billion | Rs1.72 Billion | Rs2.89 Billion | Rs870.89 Million | ▲ +41.2 pp |
| 2010 | 76.3% | Rs1.08 Billion | Rs1.41 Billion | Rs1.90 Billion | Rs824.44 Million | ▲ +37.8 pp |
| 2009 | 38.5% | Rs487.17 Million | Rs1.26 Billion | Rs1.26 Billion | Rs776.34 Million | ▼ -32.5 pp |
| 2008 | 71.0% | Rs836.40 Million | Rs1.18 Billion | Rs1.49 Billion | Rs651.41 Million | ▼ -29.2 pp |
| 2007 | 100.2% | Rs382.67 Million | Rs381.80 Million | Rs758.16 Million | Rs375.48 Million | ▲ +34.3 pp |
| 2006 | 65.9% | Rs191.99 Million | Rs291.23 Million | Rs412.81 Million | Rs220.82 Million | ▲ +48.8 pp |
| 2005 | 17.1% | Rs39.97 Million | Rs233.39 Million | Rs334.87 Million | Rs294.90 Million | — |