Vardhman Special Steels Limited (VSSL) — Tangible Net Worth Ratio
Vardhman Special Steels Limited (VSSL) has a Tangible Net Worth Ratio of 100.0% as of March 2026. This metric is calculated by deducting intangible assets (Rs0.00) from net assets (Rs12.77 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 VSSL working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vardhman Special Steels Limited Tangible Net Worth Ratio (2011–2026)
This chart shows how Vardhman Special Steels Limited's Tangible Net Worth Ratio has changed across 16 annual periods from 2011 to 2026. As of March 2026, the ratio stands at 100.0%, reflecting net assets of Rs12.77 Billion with intangible assets of Rs0.00 INR. See defensive interval ratio of Vardhman Special Steels Limited to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Vardhman Special Steels Limited (2011–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Vardhman Special Steels Limited from 2011 to 2026, covering 16 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 VSSL stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (INR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 100.0% | Rs12.77 Billion | Rs0.00 | Rs16.33 Billion | ▲ +0.0 pp |
| 2025 | 100.0% | Rs7.98 Billion | Rs215.00K | Rs11.36 Billion | ▲ +0.0 pp |
| 2024 | 100.0% | Rs7.19 Billion | Rs376.00K | Rs10.40 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | Rs6.42 Billion | Rs431.00K | Rs10.31 Billion | ▲ +0.0 pp |
| 2022 | 100.0% | Rs5.55 Billion | Rs847.00K | Rs9.21 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | Rs4.59 Billion | Rs1.32 Million | Rs8.03 Billion | ▲ +0.0 pp |
| 2020 | 99.9% | Rs4.14 Billion | Rs2.54 Million | Rs7.70 Billion | ▲ +0.0 pp |
| 2019 | 99.9% | Rs3.62 Billion | Rs3.02 Million | Rs8.89 Billion | ▲ +0.0 pp |
| 2018 | 99.9% | Rs3.39 Billion | Rs2.90 Million | Rs6.77 Billion | ▲ +0.1 pp |
| 2017 | 99.8% | Rs1.98 Billion | Rs3.86 Million | Rs6.13 Billion | ▲ +0.0 pp |
| 2016 | 99.8% | Rs1.75 Billion | Rs3.52 Million | Rs6.11 Billion | ▼ -0.2 pp |
| 2015 | 100.0% | Rs1.70 Billion | Rs0.00 | Rs6.15 Billion | ▲ +0.0 pp |
| 2014 | 100.0% | Rs1.86 Billion | Rs0.00 | Rs5.64 Billion | ▲ +0.0 pp |
| 2013 | 100.0% | Rs1.95 Billion | Rs0.00 | Rs5.83 Billion | ▲ +0.0 pp |
| 2012 | 100.0% | Rs1.90 Billion | Rs0.00 | Rs4.71 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | Rs1.64 Billion | Rs0.00 | Rs2.57 Billion | — |