Vardhman Special Steels Limited (VSSL) — Working Capital to Net Assets Ratio
Vardhman Special Steels Limited (VSSL) has a Working Capital to Net Assets ratio of 49.0% as of March 2026. Working capital of Rs6.25 Billion (current assets of Rs9.55 Billion minus current liabilities of Rs3.30 Billion) is measured against net assets of Rs12.77 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Vardhman Special Steels Limited's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Vardhman Special Steels Limited Working Capital to Net Assets (2011–2026)
This chart shows how Vardhman Special Steels Limited's Working Capital to Net Assets ratio has evolved across 16 annual periods from 2011 to 2026. As of March 2026, the ratio stands at 49.0%, reflecting working capital of Rs6.25 Billion against net assets of Rs12.77 Billion INR. Check Vardhman Special Steels Limited (VSSL) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Vardhman Special Steels Limited (2011–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Vardhman Special Steels Limited from 2011 to 2026, covering 16 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 VSSL market cap.
| Year | WC/NA Ratio | Working Capital (INR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 49.0% | Rs6.25 Billion | Rs12.77 Billion | Rs9.55 Billion | Rs3.30 Billion | ▲ +5.4 pp |
| 2025 | 43.6% | Rs3.48 Billion | Rs7.98 Billion | Rs6.61 Billion | Rs3.13 Billion | ▼ -10.8 pp |
| 2024 | 54.4% | Rs3.91 Billion | Rs7.19 Billion | Rs6.74 Billion | Rs2.83 Billion | ▼ -4.5 pp |
| 2023 | 58.8% | Rs3.78 Billion | Rs6.42 Billion | Rs6.99 Billion | Rs3.21 Billion | ▼ -1.3 pp |
| 2022 | 60.2% | Rs3.34 Billion | Rs5.55 Billion | Rs5.97 Billion | Rs2.63 Billion | ▲ +5.3 pp |
| 2021 | 54.8% | Rs2.52 Billion | Rs4.59 Billion | Rs4.82 Billion | Rs2.31 Billion | ▲ +27.0 pp |
| 2020 | 27.9% | Rs1.15 Billion | Rs4.14 Billion | Rs3.61 Billion | Rs2.46 Billion | ▼ -15.0 pp |
| 2019 | 42.8% | Rs1.55 Billion | Rs3.62 Billion | Rs5.46 Billion | Rs3.91 Billion | ▼ -5.2 pp |
| 2018 | 48.0% | Rs1.63 Billion | Rs3.39 Billion | Rs3.98 Billion | Rs2.35 Billion | ▲ +29.3 pp |
| 2017 | 18.6% | Rs369.41 Million | Rs1.98 Billion | Rs3.35 Billion | Rs2.98 Billion | ▼ -3.0 pp |
| 2016 | 21.6% | Rs378.08 Million | Rs1.75 Billion | Rs3.43 Billion | Rs3.05 Billion | ▲ +21.5 pp |
| 2015 | 0.1% | Rs1.36 Million | Rs1.70 Billion | Rs3.40 Billion | Rs3.40 Billion | ▼ -11.1 pp |
| 2014 | 11.2% | Rs208.60 Million | Rs1.86 Billion | Rs2.99 Billion | Rs2.78 Billion | ▼ -24.6 pp |
| 2013 | 35.9% | Rs700.13 Million | Rs1.95 Billion | Rs3.61 Billion | Rs2.91 Billion | ▼ -36.5 pp |
| 2012 | 72.3% | Rs1.38 Billion | Rs1.90 Billion | Rs3.25 Billion | Rs1.87 Billion | ▼ -34.9 pp |
| 2011 | 107.2% | Rs1.76 Billion | Rs1.64 Billion | Rs2.05 Billion | Rs284.14 Million | — |