Varun Beverages Limited (VBL) — Capital Reinvestment Ratio
Varun Beverages Limited (VBL) has a Capital Reinvestment Ratio of 1.18x as of December 2025, meaning it reinvests 1% of its operating cash flow (Rs9.44 Billion) in capital expenditures (Rs11.12 Billion). Check VBL intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Varun Beverages Limited Capital Reinvestment Ratio (2012–2025)
This chart tracks Varun Beverages Limited's Capital Reinvestment Ratio across 14 annual periods. For the full cash flow conversion analysis, see Varun Beverages Limited operating cash flow efficiency.
Annual Capital Reinvestment Ratio for Varun Beverages Limited (2012–2025)
Year-by-year Capital Reinvestment Ratio for Varun Beverages Limited from 2012 to 2025. See VBL FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (INR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.79x | Rs34.48 Billion | Rs27.39 Billion | ▼ -28.9% |
| 2024 | 1.12x | Rs33.81 Billion | Rs37.79 Billion | ▼ -18.1% |
| 2023 | 1.37x | Rs23.91 Billion | Rs32.64 Billion | ▲ +35.7% |
| 2022 | 1.01x | Rs17.90 Billion | Rs18.01 Billion | ▲ +31.5% |
| 2021 | 0.77x | Rs12.31 Billion | Rs9.42 Billion | ▲ +38.4% |
| 2020 | 0.55x | Rs10.12 Billion | Rs5.60 Billion | ▼ -4.2% |
| 2019 | 0.58x | Rs13.05 Billion | Rs7.54 Billion | ▼ -32.8% |
| 2018 | 0.86x | Rs10.00 Billion | Rs8.59 Billion | ▼ -40.6% |
| 2017 | 1.45x | Rs6.19 Billion | Rs8.95 Billion | ▲ +47.8% |
| 2016 | 0.98x | Rs8.30 Billion | Rs8.12 Billion | ▲ +101.7% |
| 2015 | 0.48x | Rs5.55 Billion | Rs2.69 Billion | ▼ -4.9% |
| 2014 | 0.51x | Rs4.31 Billion | Rs2.20 Billion | ▼ -65.3% |
| 2013 | 1.47x | Rs2.97 Billion | Rs4.36 Billion | ▼ -3.4% |
| 2012 | 1.52x | Rs2.80 Billion | Rs4.26 Billion | — |