Lupin Limited (LUPIN) — Tangible Net Worth Ratio
Lupin Limited (LUPIN) has a Tangible Net Worth Ratio of 87.2% as of September 2025. This metric is calculated by deducting intangible assets (Rs25.22 Billion) from net assets (Rs197.28 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 how liquid is Lupin Limited's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Lupin Limited Tangible Net Worth Ratio (2004–2025)
This chart shows how Lupin Limited's Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of September 2025, the ratio stands at 87.2%, reflecting net assets of Rs197.28 Billion with intangible assets of Rs25.22 Billion INR. See Lupin Limited (LUPIN) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Lupin Limited (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Lupin Limited from 2004 to 2025, covering 22 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 market cap of Lupin Limited.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (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 | — |