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Maharashtra Seamless (BOM:500265) Return-on-Tangible-Asset : 11.74% (As of Mar. 2025)


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What is Maharashtra Seamless Return-on-Tangible-Asset?

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. Maharashtra Seamless's annualized Net Income for the quarter that ended in Mar. 2025 was ₹8,256 Mil. Maharashtra Seamless's average total tangible assets for the quarter that ended in Mar. 2025 was ₹70,320 Mil. Therefore, Maharashtra Seamless's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 11.74%.

The historical rank and industry rank for Maharashtra Seamless's Return-on-Tangible-Asset or its related term are showing as below:

BOM:500265' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.66   Med: 5.32   Max: 15.29
Current: 10.88

During the past 13 years, Maharashtra Seamless's highest Return-on-Tangible-Asset was 15.29%. The lowest was -0.66%. And the median was 5.32%.

BOM:500265's Return-on-Tangible-Asset is ranked better than
91.68% of 637 companies
in the Steel industry
Industry Median: 1.98 vs BOM:500265: 10.88

Maharashtra Seamless Return-on-Tangible-Asset Historical Data

The historical data trend for Maharashtra Seamless'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.

* Premium members only.

Maharashtra Seamless Return-on-Tangible-Asset Chart

Maharashtra Seamless Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 12.88 13.60 15.29 11.42

Maharashtra Seamless Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.26 7.82 12.90 10.90 11.74

Competitive Comparison of Maharashtra Seamless's Return-on-Tangible-Asset

For the Steel subindustry, Maharashtra Seamless'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.


Maharashtra Seamless's Return-on-Tangible-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maharashtra Seamless's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Maharashtra Seamless's Return-on-Tangible-Asset falls into.


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Maharashtra Seamless Return-on-Tangible-Asset Calculation

Maharashtra Seamless's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=7774.6/( (65864.8+70320.4)/ 2 )
=7774.6/68092.6
=11.42 %

Maharashtra Seamless's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=8256/( (0+70320.4)/ 1 )
=8256/70320.4
=11.74 %

* 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 (Mar. 2025) net income data.


Maharashtra Seamless  (BOM:500265) Return-on-Tangible-Asset Explanation

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 company’s 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 company’s 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.


Maharashtra Seamless Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Maharashtra Seamless's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Maharashtra Seamless Business Description

Traded in Other Exchanges
Address
5 Pusa Road, 2nd Floor, New Delhi, IND, 110 005
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of Electric Resistance Welded pipes which include Black and Galvanized pipes sold under the brand Jindal Star and Seamless Pipes and Tubes which include Hot finished, Cold drawn, and Pilgered pipes. Its products are used in various applications and sectors like Oil and Gas, Hydrocarbon, Power, Agriculture, Housing, and Infrastructure, among others. Its segments consist of Steel Pipes and Tubes and Power-Electricity, Rig, and Others. The majority of the revenue is derived from the sale of Steel Pipes and Tubes.

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