United Spirits Limited Tangible Net Worth Ratio
United Spirits Limited tangible net worth ratio. United Spirits Limited (MCDOWELL-N) has a Tangible Net Worth Ratio of 99.2% as of March 2026. This metric is calculated by deducting intangible assets (Rs760.00 Million) from net assets (Rs89.57 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 MCDOWELL-N net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of United Spirits Limited (2004–2026)
Tangible net worth ratio of United Spirits Limited from 2004 to 2026. This chart shows how United Spirits Limited's Tangible Net Worth Ratio has changed across 23 annual periods from 2004 to 2026. As of March 2026, the ratio stands at 99.2%, reflecting net assets of Rs89.57 Billion with intangible assets of Rs760.00 Million INR. Check how strategically is United Spirits Limited's equity deployed to assess the company's strategic physical and investment asset allocation.
United Spirits Limited Tangible Net Worth Ratio by Year (2004–2026)
United Spirits Limited tangible net worth ratio by year from 2004 to 2026. The table below presents the year-by-year Tangible Net Worth Ratio for United Spirits 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. For live market cap and overall valuation, see United Spirits Limited market capitalisation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 99.2% | Rs89.57 Billion | Rs760.00 Million | Rs144.69 Billion | ▲ +3.2 pp |
| 2025 | 95.9% | Rs81.04 Billion | Rs3.29 Billion | Rs132.48 Billion | ▲ +0.8 pp |
| 2024 | 95.1% | Rs71.21 Billion | Rs3.49 Billion | Rs112.49 Billion | ▲ +1.3 pp |
| 2023 | 93.8% | Rs59.99 Billion | Rs3.73 Billion | Rs97.61 Billion | ▲ +1.3 pp |
| 2022 | 92.5% | Rs48.75 Billion | Rs3.66 Billion | Rs89.11 Billion | ▲ +2.0 pp |
| 2021 | 90.5% | Rs40.59 Billion | Rs3.84 Billion | Rs85.37 Billion | ▲ +1.4 pp |
| 2020 | 89.1% | Rs36.87 Billion | Rs4.01 Billion | Rs88.51 Billion | ▲ +1.8 pp |
| 2019 | 87.4% | Rs30.87 Billion | Rs3.90 Billion | Rs91.09 Billion | ▲ +3.1 pp |
| 2018 | 84.2% | Rs24.33 Billion | Rs3.84 Billion | Rs89.56 Billion | ▲ +6.3 pp |
| 2017 | 77.9% | Rs17.83 Billion | Rs3.93 Billion | Rs88.96 Billion | ▲ +0.1 pp |
| 2016 | 77.8% | Rs17.90 Billion | Rs3.97 Billion | Rs85.60 Billion | ▲ +40.5 pp |
| 2015 | 37.3% | Rs6.60 Billion | Rs4.14 Billion | Rs78.89 Billion | ▼ -42.6 pp |
| 2014 | 80.0% | Rs30.33 Billion | Rs6.08 Billion | Rs148.58 Billion | ▼ -6.8 pp |
| 2013 | 86.8% | Rs47.98 Billion | Rs6.34 Billion | Rs163.85 Billion | ▲ +1.6 pp |
| 2012 | 85.2% | Rs46.76 Billion | Rs6.94 Billion | Rs158.57 Billion | ▼ -2.9 pp |
| 2011 | 88.0% | Rs41.96 Billion | Rs5.02 Billion | Rs129.17 Billion | ▲ +113.5 pp |
| 2010 | -25.4% | Rs37.82 Billion | Rs47.44 Billion | Rs114.06 Billion | ▲ +61.6 pp |
| 2009 | -87.0% | Rs23.92 Billion | Rs44.74 Billion | Rs118.42 Billion | ▲ +46.9 pp |
| 2008 | -134.0% | Rs22.76 Billion | Rs53.26 Billion | Rs101.25 Billion | ▼ -160.4 pp |
| 2007 | 26.5% | Rs15.40 Billion | Rs11.32 Billion | Rs37.49 Billion | ▲ +38.2 pp |
| 2006 | -11.7% | Rs9.70 Billion | Rs10.84 Billion | Rs32.60 Billion | ▼ -59.6 pp |
| 2005 | 47.9% | Rs2.81 Billion | Rs1.46 Billion | Rs16.44 Billion | ▼ -49.6 pp |
| 2004 | 97.5% | Rs2.76 Billion | Rs67.86 Million | Rs8.99 Billion | — |