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Kanishk Steel IndustriesBOM:513456 +10.10%68 Return-on-Tangible-Asset is 3.29% as of Jun. 2026, which is 9% above its 10-year median of 3.03. GuruFocus rates BOM:513456 with a GF Score™ of 68/100 and a GF Value™ of ₹37.93 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 631 Steel companies, Kanishk Steel Industries ranks better than 62.28% 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. Kanishk Steel Industries's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹59 Mil. Kanishk Steel Industries's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,808 Mil. Therefore, Kanishk Steel Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 3.29%.
The historical rank and industry rank for Kanishk Steel Industries's Return-on-Tangible-Asset or its related term are showing as below:
BOM:513456'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.33 Med: 3.03 Max: 21.65
Current: 3.66
During the past 13 years, Kanishk Steel Industries's highest Return-on-Tangible-Asset was 21.65%. The lowest was 0.33%. And the median was 3.03%.
BOM:513456's Return-on-Tangible-Asset is ranked better than 62.28% of 631
companies
in the Steel industry
Industry Median: 2.39
vs BOM:513456: 3.66
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.
Kanishk Steel Industries Return-on-Tangible-Asset Related Terms
Kanishk Steel Industries Return-on-Tangible-Asset Historical Data
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The historical data trend for Kanishk Steel 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:513456 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Kanishk Steel 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.
Kanishk Steel Industries Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Kanishk Steel Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kanishk Steel 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 3.29% mean?
Kanishk Steel Industries (BOM:513456) has a Return-on-Tangible-Asset of 3.29% 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 Kanishk Steel Industries and its competitors. This is near median its historical median of 3.03. Over the past decade, Kanishk Steel Industries' Return-on-Tangible-Asset has ranged from 0.33 to 21.65. According to the industry distribution chart, Kanishk Steel Industries ranks #238 out of 631 companies in the Steel industry, placing it in the top 37.7%.
Is Kanishk Steel Industries' Return-on-Tangible-Asset too high?
Kanishk Steel Industries' current Return-on-Tangible-Asset of 3.29% is near median its 10-year median of 3.03. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 21.65. The Steel industry median Return-on-Tangible-Asset is 2.39. Kanishk Steel Industries' value of 3.29% is 37.7% above this industry median. Based on the distribution chart, Kanishk Steel Industries ranks #238 out of 631 companies in the Steel industry, which is above the industry midpoint. Overall, Kanishk Steel Industries has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kanishk Steel Industries' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Kanishk Steel Industries ranks #238 out of 631 companies for Return-on-Tangible-Asset. This puts Kanishk Steel Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.39. Kanishk Steel Industries' value of 3.29% is 37.7% above this benchmark. Historically, Kanishk Steel Industries' own Return-on-Tangible-Asset has ranged from 0.33 to 21.65 over the past decade. While the company's 10-year median is 3.03 vs. the industry median of 2.39, Kanishk Steel Industries 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.39, based on 631 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. Kanishk Steel Industries's current Return-on-Tangible-Asset of 3.29% is 37.7% 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 Kanishk Steel Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kanishk Steel Industries's current Return-on-Tangible-Asset is 3.29%, which is near median its own 10-year median of 3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanishk Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Kanishk Steel Industries (BOM:513456) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹37.93, compared to a current price of ₹46.77 — trading 23.3% above its estimated fair value. The current Return-on-Tangible-Asset is 3.29%, which is near median its 10-year median of 3.03 and 37.7% above the Steel industry median of 2.39. Kanishk Steel Industries' overall GF Score™ is 68/100 with 5 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 Kanishk Steel Industries (BOM:513456), the current Return-on-Tangible-Asset is 3.29% 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 Kanishk Steel Industries (BOM:513456) Overvalued in 2026?
Based on GuruFocus' analysis, Kanishk Steel Industries stock appears to be overvalued.
The current stock price of ₹46.77 is trading 23.3% above its estimated GF Value™ of ₹37.93.
GuruFocus considers Kanishk Steel Industries to be Modestly Overvalued.
Key valuation signals for BOM:513456:
Return-on-Tangible-Asset: 3.29% (near median its 10-year median of 3.03)
GF Value™: ₹37.93 vs. price of ₹46.77 (23.3% above fair value)
Industry Position: 37.7% above the Steel median (#238 of 631)
No single metric tells the full story. See the BOM:513456 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanishk Steel Industries Ltd is engaged in the manufacture and supply of Iron and Steel Products. The company manufactures steel products (Finished goods), both Constructional steel and Structural steel. Its products include TMT Bars, Structurals, and Sponge Iron.
68GF Score
Get the complete analysis for BOM:513456
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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