Vardhman Holdings Limited (VHL) — Working Capital to Net Assets Ratio
Vardhman Holdings Limited (VHL) has a Working Capital to Net Assets ratio of 0.0% as of September 2025. Working capital of Rs16.30 Million (current assets of Rs25.00 Million minus current liabilities of Rs8.70 Million) is measured against net assets of Rs37.36 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See VHL net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vardhman Holdings Limited Working Capital to Net Assets (2007–2025)
This chart shows how Vardhman Holdings Limited's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of September 2025, the ratio stands at 0.0%, reflecting working capital of Rs16.30 Million against net assets of Rs37.36 Billion INR. Check VHL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Vardhman Holdings Limited (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vardhman Holdings Limited from 2007 to 2025, covering 19 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 market value of Vardhman Holdings Limited.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 3.5% | Rs1.25 Billion | Rs35.40 Billion | Rs1.26 Billion | Rs5.29 Million | ▲ +0.8 pp |
| 2024 | 2.8% | Rs913.58 Million | Rs32.97 Billion | Rs919.56 Million | Rs5.98 Million | ▲ +0.5 pp |
| 2023 | 2.3% | Rs717.15 Million | Rs31.00 Billion | Rs728.14 Million | Rs10.99 Million | ▼ -5.6 pp |
| 2022 | 7.9% | Rs2.20 Billion | Rs27.77 Billion | Rs2.21 Billion | Rs6.75 Million | ▲ +2.5 pp |
| 2021 | 5.5% | Rs1.26 Billion | Rs23.06 Billion | Rs1.27 Billion | Rs15.17 Million | ▼ -2.2 pp |
| 2020 | 7.7% | Rs1.63 Billion | Rs21.26 Billion | Rs1.67 Billion | Rs40.59 Million | ▼ -4.9 pp |
| 2019 | 12.5% | Rs2.51 Billion | Rs19.97 Billion | Rs2.56 Billion | Rs54.67 Million | ▼ 0.0 pp |
| 2018 | 12.6% | Rs2.29 Billion | Rs18.22 Billion | Rs2.32 Billion | Rs29.88 Million | ▼ -10.8 pp |
| 2017 | 23.4% | Rs3.78 Billion | Rs16.15 Billion | Rs3.81 Billion | Rs28.32 Million | ▲ +8.2 pp |
| 2016 | 15.2% | Rs1.90 Billion | Rs12.47 Billion | Rs1.92 Billion | Rs19.56 Million | ▼ -50.6 pp |
| 2015 | 65.8% | Rs1.52 Billion | Rs2.31 Billion | Rs1.54 Billion | Rs18.73 Million | ▲ +5.0 pp |
| 2014 | 60.8% | Rs1.23 Billion | Rs2.02 Billion | Rs1.24 Billion | Rs14.62 Million | ▲ +6.1 pp |
| 2013 | 54.7% | Rs1.02 Billion | Rs1.86 Billion | Rs1.03 Billion | Rs14.46 Million | ▲ +12.1 pp |
| 2012 | 42.6% | Rs747.16 Million | Rs1.76 Billion | Rs766.34 Million | Rs19.18 Million | ▲ +4.7 pp |
| 2011 | 37.8% | Rs459.56 Million | Rs1.21 Billion | Rs470.74 Million | Rs11.18 Million | ▲ +25.8 pp |
| 2010 | 12.0% | Rs138.40 Million | Rs1.15 Billion | Rs147.69 Million | Rs9.29 Million | ▲ +7.4 pp |
| 2009 | 4.6% | Rs49.86 Million | Rs1.09 Billion | Rs57.39 Million | Rs7.53 Million | ▼ -2.2 pp |
| 2008 | 6.8% | Rs68.59 Million | Rs1.01 Billion | Rs79.26 Million | Rs10.67 Million | ▼ -15.6 pp |
| 2007 | 22.4% | Rs225.48 Million | Rs1.01 Billion | Rs228.62 Million | Rs3.15 Million | — |