Varun Beverages Limited (VBL) — Tangible Net Worth Ratio
Varun Beverages Limited (VBL) has a Tangible Net Worth Ratio of 93.0% as of June 2026. This metric is calculated by deducting intangible assets (Rs15.46 Billion) from net assets (Rs219.52 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 VBL year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Varun Beverages Limited Tangible Net Worth Ratio (2012–2025)
This chart shows how Varun Beverages Limited's Tangible Net Worth Ratio has changed across 13 annual periods from 2012 to 2025. As of June 2026, the ratio stands at 93.0%, reflecting net assets of Rs219.52 Billion with intangible assets of Rs15.46 Billion INR. For live market cap and overall valuation, see Varun Beverages Limited (VBL) total market value.
Annual Tangible Net Worth Ratio for Varun Beverages Limited (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Varun Beverages Limited from 2012 to 2025, covering 13 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 VBL capex to operating cash flow 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) |
|---|---|---|---|---|---|
| 2025 | 93.9% | Rs197.41 Billion | Rs12.03 Billion | Rs255.65 Billion | ▲ +0.6 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 | — |