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The Hi-Tech GearsBOM:522073 70 Return-on-Tangible-Asset is 2.50% as of Jun. 2026, which is 40% below its 10-year median of 4.19. GuruFocus rates BOM:522073 with a GF Score™ of 70/100 and a GF Value™ of ₹664.47 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,335 Vehicles & Parts companies, The Hi-Tech Gears ranks worse than 55.58% 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. The Hi-Tech Gears's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹190 Mil. The Hi-Tech Gears's average total tangible assets for the quarter that ended in Jun. 2026 was ₹7,601 Mil. Therefore, The Hi-Tech Gears's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.50%.
The historical rank and industry rank for The Hi-Tech Gears's Return-on-Tangible-Asset or its related term are showing as below:
BOM:522073'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.13 Med: 4.19 Max: 13.21
Current: 2.66
During the past 13 years, The Hi-Tech Gears's highest Return-on-Tangible-Asset was 13.21%. The lowest was -0.13%. And the median was 4.19%.
BOM:522073's Return-on-Tangible-Asset is ranked worse than 55.58% of 1335
companies
in the Vehicles & Parts industry
Industry Median: 3.36
vs BOM:522073: 2.66
The Hi-Tech Gears (BOM:522073) 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 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.
The Hi-Tech Gears Return-on-Tangible-Asset Related Terms
The Hi-Tech Gears Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for The Hi-Tech Gears'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:522073 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, The Hi-Tech Gears'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.
The Hi-Tech Gears Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, The Hi-Tech Gears's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where The Hi-Tech Gears'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 2.50% mean?
The Hi-Tech Gears (BOM:522073) has a Return-on-Tangible-Asset of 2.50% 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 The Hi-Tech Gears and its competitors. This is 40% below median its historical median of 4.19. According to the industry distribution chart, The Hi-Tech Gears ranks #742 out of 1335 companies in the Vehicles & Parts industry, placing it in the top 55.6%.
Is The Hi-Tech Gears' Return-on-Tangible-Asset too high?
The Hi-Tech Gears' current Return-on-Tangible-Asset of 2.50% is 40% below median its 10-year median of 4.19. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.36. The Hi-Tech Gears' value of 2.50% is 25.6% below this industry median. Based on the distribution chart, The Hi-Tech Gears ranks #742 out of 1335 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, The Hi-Tech Gears has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Hi-Tech Gears' Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, The Hi-Tech Gears ranks #742 out of 1335 companies for Return-on-Tangible-Asset. This places The Hi-Tech Gears in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.36. The Hi-Tech Gears' value of 2.50% is 25.6% below this benchmark. While the company's 10-year median is 4.19 vs. the industry median of 3.36, The Hi-Tech Gears 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 a Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.36, based on 1,335 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. The Hi-Tech Gears's current Return-on-Tangible-Asset of 2.50% is 25.6% 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 The Hi-Tech Gears and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Hi-Tech Gears's current Return-on-Tangible-Asset is 2.50%, which is 40% below median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hi-Tech Gears stock overvalued right now?
Based on GuruFocus' analysis, The Hi-Tech Gears (BOM:522073) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹664.47, compared to a current price of ₹545.25 — trading 17.9% below its estimated fair value. The current Return-on-Tangible-Asset is 2.50%, which is 40% below median its 10-year median of 4.19 and 25.6% below the Vehicles & Parts industry median of 3.36. The Hi-Tech Gears' overall GF Score™ is 70/100 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 The Hi-Tech Gears (BOM:522073), the current Return-on-Tangible-Asset is 2.50% 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 The Hi-Tech Gears (BOM:522073) Overvalued in 2026?
Based on GuruFocus' analysis, The Hi-Tech Gears stock appears to be undervalued.
The current stock price of ₹545.25 is trading 17.9% below its estimated GF Value™ of ₹664.47.
GuruFocus considers The Hi-Tech Gears to be Modestly Undervalued.
Key valuation signals for BOM:522073:
Return-on-Tangible-Asset: 2.50% (40% below median its 10-year median of 4.19)
GF Value™: ₹664.47 vs. price of ₹545.25 (17.9% below fair value)
Industry Position: 25.6% below the Vehicles & Parts median (#742 of 1335)
No single metric tells the full story. See the BOM:522073 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzers, clutches, steering wheels, steering columns, and steering boxes. The company's product includes power takeoff, car transmission, and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India and also has its presence in America and Other countries.
70GF Score
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