Varun Beverages Limited (VBL) — Tangible Net Worth Ratio
Varun Beverages Limited (VBL) has a Tangible Net Worth Ratio of 93.8% as of June 2025. This metric is calculated by deducting intangible assets (Rs11.41 Billion) from net assets (Rs185.07 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 what is Varun Beverages Limited's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Varun Beverages Limited Tangible Net Worth Ratio (2012–2024)
This chart shows how Varun Beverages Limited's Tangible Net Worth Ratio has changed across 12 annual periods from 2012 to 2024. As of June 2025, the ratio stands at 93.8%, reflecting net assets of Rs185.07 Billion with intangible assets of Rs11.41 Billion INR. Also explore VBL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Varun Beverages Limited (2012–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Varun Beverages Limited from 2012 to 2024, covering 12 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 VBL stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 93.3% | Rs167.40 Billion | Rs11.19 Billion | Rs231.44 Billion | ▲ +1.0 pp |
| 2023 | 92.3% | Rs70.85 Billion | Rs5.47 Billion | Rs151.87 Billion | ▲ +2.8 pp |
| 2022 | 89.4% | Rs52.15 Billion | Rs5.51 Billion | Rs116.18 Billion | ▲ +2.7 pp |
| 2021 | 86.7% | Rs41.97 Billion | Rs5.59 Billion | Rs95.82 Billion | ▲ +2.2 pp |
| 2020 | 84.5% | Rs35.89 Billion | Rs5.57 Billion | Rs84.58 Billion | ▲ +1.2 pp |
| 2019 | 83.3% | Rs33.59 Billion | Rs5.62 Billion | Rs83.88 Billion | ▲ +9.4 pp |
| 2018 | 73.8% | Rs20.06 Billion | Rs5.25 Billion | Rs60.31 Billion | ▼ -1.4 pp |
| 2017 | 75.3% | Rs17.68 Billion | Rs4.37 Billion | Rs52.84 Billion | ▼ -6.9 pp |
| 2016 | 82.2% | Rs18.94 Billion | Rs3.37 Billion | Rs52.29 Billion | ▲ +20.7 pp |
| 2014 | 61.5% | Rs3.43 Billion | Rs1.32 Billion | Rs32.95 Billion | ▲ +30.8 pp |
| 2013 | 30.7% | Rs2.15 Billion | Rs1.49 Billion | Rs29.89 Billion | ▼ -58.0 pp |
| 2012 | 88.7% | Rs1.72 Billion | Rs194.16 Million | Rs25.55 Billion | — |