Lupin Limited (LUPIN) — Tangible Net Worth Ratio
Lupin Limited (LUPIN) has a Tangible Net Worth Ratio of 85.8% as of March 2026. This metric is calculated by deducting intangible assets (Rs32.07 Billion) from net assets (Rs225.13 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. Also explore how fast is Lupin Limited growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Lupin Limited Tangible Net Worth Ratio (2004–2026)
This chart shows how Lupin Limited's Tangible Net Worth Ratio has changed across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 85.8%, reflecting net assets of Rs225.13 Billion with intangible assets of Rs32.07 Billion INR. For live market cap and overall valuation, see Lupin Limited (LUPIN) total market value.
Annual Tangible Net Worth Ratio for Lupin Limited (2004–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Lupin Limited from 2004 to 2026, covering 23 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. Explore LUPIN capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 85.8% | Rs225.13 Billion | Rs32.07 Billion | Rs383.65 Billion | ▲ +0.2 pp |
| 2025 | 85.5% | Rs172.94 Billion | Rs25.00 Billion | Rs292.05 Billion | ▼ -1.7 pp |
| 2024 | 87.3% | Rs143.73 Billion | Rs18.32 Billion | Rs239.97 Billion | ▲ +1.9 pp |
| 2023 | 85.4% | Rs125.43 Billion | Rs18.35 Billion | Rs229.56 Billion | ▼ -6.4 pp |
| 2022 | 91.8% | Rs122.22 Billion | Rs10.06 Billion | Rs218.21 Billion | ▲ +4.4 pp |
| 2021 | 87.4% | Rs138.58 Billion | Rs17.50 Billion | Rs236.10 Billion | ▲ +2.5 pp |
| 2020 | 84.9% | Rs125.81 Billion | Rs19.03 Billion | Rs249.84 Billion | ▲ +16.9 pp |
| 2019 | 68.0% | Rs137.89 Billion | Rs44.16 Billion | Rs279.49 Billion | ▲ +2.1 pp |
| 2018 | 65.9% | Rs136.17 Billion | Rs46.48 Billion | Rs263.05 Billion | ▲ +6.5 pp |
| 2017 | 59.3% | Rs135.32 Billion | Rs55.05 Billion | Rs266.07 Billion | ▲ +2.4 pp |
| 2016 | 56.9% | Rs111.95 Billion | Rs48.24 Billion | Rs226.25 Billion | ▼ -41.4 pp |
| 2015 | 98.3% | Rs88.98 Billion | Rs1.49 Billion | Rs131.38 Billion | ▼ -0.1 pp |
| 2014 | 98.4% | Rs69.99 Billion | Rs1.14 Billion | Rs102.06 Billion | ▲ +1.0 pp |
| 2013 | 97.4% | Rs52.64 Billion | Rs1.36 Billion | Rs89.14 Billion | ▲ +1.7 pp |
| 2012 | 95.7% | Rs40.85 Billion | Rs1.75 Billion | Rs79.82 Billion | ▲ +0.6 pp |
| 2011 | 95.1% | Rs33.33 Billion | Rs1.63 Billion | Rs61.24 Billion | ▲ +1.8 pp |
| 2010 | 93.3% | Rs25.93 Billion | Rs1.73 Billion | Rs50.85 Billion | ▼ -5.6 pp |
| 2009 | 98.9% | Rs14.39 Billion | Rs157.00 Million | Rs41.34 Billion | ▼ -0.8 pp |
| 2008 | 99.8% | Rs12.89 Billion | Rs32.00 Million | Rs33.64 Billion | ▼ 0.0 pp |
| 2007 | 99.8% | Rs8.73 Billion | Rs20.30 Million | Rs22.63 Billion | ▲ +0.3 pp |
| 2006 | 99.5% | Rs5.89 Billion | Rs29.70 Million | Rs20.08 Billion | ▲ +0.3 pp |
| 2005 | 99.2% | Rs4.91 Billion | Rs39.10 Million | Rs13.54 Billion | ▲ +0.3 pp |
| 2004 | 98.9% | Rs4.32 Billion | Rs48.50 Million | Rs12.30 Billion | — |