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Garware Marine IndustriesBOM:509563 -2.72%65 Return-on-Tangible-Asset is 2.77% as of Jun. 2026, which is 154% above its 10-year median of 1.09. GuruFocus rates BOM:509563 with a GF Score™ of 65/100 and a GF Value™ of ₹25.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 361 Aerospace & Defense companies, Garware Marine Industries ranks worse than 60.11% 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. Garware Marine Industries's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2.95 Mil. Garware Marine Industries's average total tangible assets for the quarter that ended in Jun. 2026 was ₹106.24 Mil. Therefore, Garware Marine Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.77%.
The historical rank and industry rank for Garware Marine Industries's Return-on-Tangible-Asset or its related term are showing as below:
BOM:509563'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.75 Med: 1.09 Max: 2.81
Current: 1.04
During the past 13 years, Garware Marine Industries's highest Return-on-Tangible-Asset was 2.81%. The lowest was -2.75%. And the median was 1.09%.
BOM:509563's Return-on-Tangible-Asset is ranked worse than 60.11% of 361
companies
in the Aerospace & Defense industry
Industry Median: 2.89
vs BOM:509563: 1.04
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.
Garware Marine Industries Return-on-Tangible-Asset Related Terms
Garware Marine Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Garware Marine Industries'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:509563 vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Garware Marine Industries'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.
Garware Marine Industries Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Garware Marine Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Garware Marine Industries'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 2.77% mean?
Garware Marine Industries (BOM:509563) has a Return-on-Tangible-Asset of 2.77% 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 Garware Marine Industries and its competitors. This is 154% above median its historical median of 1.09. According to the industry distribution chart, Garware Marine Industries ranks #217 out of 361 companies in the Aerospace & Defense industry, placing it in the top 60.1%.
Is Garware Marine Industries' Return-on-Tangible-Asset too high?
Garware Marine Industries' current Return-on-Tangible-Asset of 2.77% is 154% above median its 10-year median of 1.09. The Aerospace & Defense industry median Return-on-Tangible-Asset is 2.89. Garware Marine Industries' value of 2.77% is 4.2% below this industry median. Based on the distribution chart, Garware Marine Industries ranks #217 out of 361 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Garware Marine Industries has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Marine Industries' Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Garware Marine Industries ranks #217 out of 361 companies for Return-on-Tangible-Asset. This places Garware Marine Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.89. Garware Marine Industries' value of 2.77% is 4.2% below this benchmark. While the company's 10-year median is 1.09 vs. the industry median of 2.89, Garware Marine Industries has consistently been below 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 an Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 2.89, based on 361 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. Garware Marine Industries's current Return-on-Tangible-Asset of 2.77% is 4.2% below 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 Garware Marine Industries and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Marine Industries's current Return-on-Tangible-Asset is 2.77%, which is 154% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Marine Industries stock overvalued right now?
Based on GuruFocus' analysis, Garware Marine Industries (BOM:509563) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹25.31, compared to a current price of ₹19.30 — trading 23.7% below its estimated fair value. The current Return-on-Tangible-Asset is 2.77%, which is 154% above median its 10-year median of 1.09 and 4.2% below the Aerospace & Defense industry median of 2.89. Garware Marine Industries' overall GF Score™ is 65/100 with 2 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 Garware Marine Industries (BOM:509563), the current Return-on-Tangible-Asset is 2.77% 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 Garware Marine Industries (BOM:509563) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Marine Industries stock appears to be undervalued.
The current stock price of ₹19.30 is trading 23.7% below its estimated GF Value™ of ₹25.31.
GuruFocus considers Garware Marine Industries to be Modestly Undervalued.
Key valuation signals for BOM:509563:
Return-on-Tangible-Asset: 2.77% (154% above median its 10-year median of 1.09)
GF Value™: ₹25.31 vs. price of ₹19.30 (23.7% below fair value)
Industry Position: 4.2% below the Aerospace & Defense median (#217 of 361)
No single metric tells the full story. See the BOM:509563 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Marine Industries Ltd is an India-based company engaged in the repair of vessels. The principal product/service includes ship repair services. The ship repair services provided by the company include Pump overhauls, Engine overhauls, Hydraulic repairs, gearbox repair, and Pipeline and other marine fabrication jobs.
65GF Score
Get the complete analysis for BOM:509563
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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