ITC Limited (ITC) — Tangible Net Worth Ratio
ITC Limited (ITC) has a Tangible Net Worth Ratio of 95.4% as of September 2025. This metric is calculated by deducting intangible assets (Rs32.74 Billion) from net assets (Rs715.95 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See ITC Limited (ITC) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
ITC Limited Tangible Net Worth Ratio (2002–2025)
This chart shows how ITC Limited's Tangible Net Worth Ratio has changed across 24 annual periods from 2002 to 2025. As of September 2025, the ratio stands at 95.4%, reflecting net assets of Rs715.95 Billion with intangible assets of Rs32.74 Billion INR. See ITC Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for ITC Limited (2002–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for ITC Limited from 2002 to 2025, covering 24 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see ITC Limited market capitalisation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 96.1% | Rs703.98 Billion | Rs27.28 Billion | Rs880.91 Billion | ▼ -0.3 pp |
| 2024 | 96.4% | Rs748.90 Billion | Rs26.88 Billion | Rs918.26 Billion | ▲ +0.4 pp |
| 2023 | 96.1% | Rs695.39 Billion | Rs27.46 Billion | Rs858.83 Billion | ▼ -0.7 pp |
| 2022 | 96.8% | Rs628.22 Billion | Rs20.40 Billion | Rs772.60 Billion | ▲ +0.1 pp |
| 2021 | 96.7% | Rs606.94 Billion | Rs20.18 Billion | Rs738.19 Billion | ▼ -2.5 pp |
| 2020 | 99.2% | Rs656.51 Billion | Rs5.30 Billion | Rs773.67 Billion | ▲ +0.1 pp |
| 2019 | 99.1% | Rs594.84 Billion | Rs5.56 Billion | Rs717.98 Billion | ▼ -0.1 pp |
| 2018 | 99.1% | Rs528.45 Billion | Rs4.66 Billion | Rs642.89 Billion | ▲ +0.1 pp |
| 2017 | 99.0% | Rs467.08 Billion | Rs4.74 Billion | Rs559.43 Billion | ▲ +0.3 pp |
| 2016 | 98.7% | Rs342.27 Billion | Rs4.44 Billion | Rs512.64 Billion | ▲ +0.1 pp |
| 2015 | 98.6% | Rs319.61 Billion | Rs4.53 Billion | Rs459.91 Billion | ▼ -1.0 pp |
| 2014 | 99.6% | Rs274.40 Billion | Rs1.10 Billion | Rs408.84 Billion | ▲ +0.1 pp |
| 2013 | 99.5% | Rs233.38 Billion | Rs1.21 Billion | Rs353.53 Billion | ▲ +0.1 pp |
| 2012 | 99.3% | Rs196.16 Billion | Rs1.28 Billion | Rs300.80 Billion | ▼ -0.6 pp |
| 2011 | 99.9% | Rs166.03 Billion | Rs112.70 Million | Rs263.55 Billion | ▲ +2.2 pp |
| 2010 | 97.7% | Rs145.85 Billion | Rs3.30 Billion | Rs238.00 Billion | ▲ +3.4 pp |
| 2009 | 94.3% | Rs141.58 Billion | Rs8.04 Billion | Rs204.56 Billion | ▲ +1.4 pp |
| 2008 | 92.9% | Rs124.01 Billion | Rs8.79 Billion | Rs180.59 Billion | ▼ -6.3 pp |
| 2007 | 99.2% | Rs107.54 Billion | Rs824.80 Million | Rs151.47 Billion | ▲ +0.5 pp |
| 2006 | 98.8% | Rs93.03 Billion | Rs1.15 Billion | Rs134.51 Billion | ▼ -0.1 pp |
| 2005 | 98.9% | Rs80.03 Billion | Rs882.00 Million | Rs117.39 Billion | ▲ +0.1 pp |
| 2004 | 98.8% | Rs65.67 Billion | Rs805.00 Million | Rs104.46 Billion | ▼ -0.6 pp |
| 2003 | 99.4% | Rs54.87 Billion | Rs340.00 Million | Rs85.38 Billion | ▲ +0.1 pp |
| 2002 | 99.3% | Rs44.66 Billion | Rs334.80 Million | Rs74.29 Billion | — |