Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kajaria CeramicsBOM:500233 +1.26%90 Return-on-Tangible-Asset is 16.96% as of Jun. 2026, which is 43% above its 10-year median of 11.86. GuruFocus rates BOM:500233 with a GF Score™ of 90/100 and a GF Value™ of ₹1,339.87 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,788 Construction companies, Kajaria Ceramics ranks better than 92.62% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Kajaria Ceramics's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹6,778 Mil. Kajaria Ceramics's average total tangible assets for the quarter that ended in Jun. 2026 was ₹39,967 Mil. Therefore, Kajaria Ceramics's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.96%.
The historical rank and industry rank for Kajaria Ceramics's Return-on-Tangible-Asset or its related term are showing as below:
BOM:500233'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 8.14 Med: 11.86 Max: 14.05
Current: 14.05
During the past 13 years, Kajaria Ceramics's highest Return-on-Tangible-Asset was 14.05%. The lowest was 8.14%. And the median was 11.86%.
BOM:500233's Return-on-Tangible-Asset is ranked better than 92.62% of 1788
companies
in the Construction industry
Industry Median: 3.06
vs BOM:500233: 14.05
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Kajaria Ceramics Return-on-Tangible-Asset Related Terms
Kajaria Ceramics Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kajaria Ceramics's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BOM:500233 vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Kajaria Ceramics's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kajaria Ceramics Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Kajaria Ceramics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kajaria Ceramics's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.96% mean?
Kajaria Ceramics (BOM:500233) has a Return-on-Tangible-Asset of 16.96% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Kajaria Ceramics and its competitors. This is 43% above median its historical median of 11.86. Over the past decade, Kajaria Ceramics' Return-on-Tangible-Asset has ranged from 8.14 to 14.05. According to the industry distribution chart, Kajaria Ceramics ranks #132 out of 1788 companies in the Construction industry, placing it in the top 7.4%.
Is Kajaria Ceramics' Return-on-Tangible-Asset too high?
Kajaria Ceramics' current Return-on-Tangible-Asset of 16.96% is 43% above median its 10-year median of 11.86. Over the past 10 years, this metric has ranged from a low of 8.14 to a high of 14.05. The Construction industry median Return-on-Tangible-Asset is 3.06. Kajaria Ceramics' value of 16.96% is 454.2% above this industry median. Based on the distribution chart, Kajaria Ceramics ranks #132 out of 1788 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kajaria Ceramics has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kajaria Ceramics' Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Kajaria Ceramics ranks #132 out of 1788 companies for Return-on-Tangible-Asset. This places Kajaria Ceramics in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. Kajaria Ceramics' value of 16.96% is 454.2% above this benchmark. Historically, Kajaria Ceramics' own Return-on-Tangible-Asset has ranged from 8.14 to 14.05 over the past decade. While the company's 10-year median is 11.86 vs. the industry median of 3.06, Kajaria Ceramics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,788 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kajaria Ceramics's current Return-on-Tangible-Asset of 16.96% is 454.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Kajaria Ceramics and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kajaria Ceramics's current Return-on-Tangible-Asset is 16.96%, which is 43% above median its own 10-year median of 11.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kajaria Ceramics stock overvalued right now?
Based on GuruFocus' analysis, Kajaria Ceramics (BOM:500233) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,339.87, compared to a current price of ₹1,216.20 — trading 9.2% below its estimated fair value. The current Return-on-Tangible-Asset is 16.96%, which is 43% above median its 10-year median of 11.86 and 454.2% above the Construction industry median of 3.06. Kajaria Ceramics' overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Kajaria Ceramics (BOM:500233), the current Return-on-Tangible-Asset is 16.96% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kajaria Ceramics (BOM:500233) Overvalued in 2026?
Based on GuruFocus' analysis, Kajaria Ceramics stock appears to be undervalued.
The current stock price of ₹1,216.20 is trading 9.2% below its estimated GF Value™ of ₹1,339.87.
GuruFocus considers Kajaria Ceramics to be Fairly Valued.
Key valuation signals for BOM:500233:
Return-on-Tangible-Asset: 16.96% (43% above median its 10-year median of 11.86)
GF Value™: ₹1,339.87 vs. price of ₹1,216.20 (9.2% below fair value)
Industry Position: 454.2% above the Construction median (#132 of 1788)
No single metric tells the full story. See the BOM:500233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kajaria Ceramics Ltd is a manufacturer of indoor floor and wall tiles. The product range includes ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware and faucets, and tile adhesives and grout. Kajaria Ceramics' tiles and tile-related products are marketed through a distribution network of dealers and sub-dealers. The company has two operating segments: Tiles and other products, including bathware, sanitaryware, and plywood. The company operates mainly in India, with production and the majority of sales focused there.
90GF Score
Get the complete analysis for BOM:500233
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:500233 has been successfully added to your 
