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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. Jayaswal NECO Industries's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹7,757 Mil. Jayaswal NECO Industries's average total tangible assets for the quarter that ended in Jun. 2026 was ₹59,049 Mil. Therefore, Jayaswal NECO Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 13.14%.
The historical rank and industry rank for Jayaswal NECO Industries's Return-on-Tangible-Asset or its related term are showing as below:
BOM:522285'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -24.18 Med: -2.32 Max: 37.03
Current: 9.84
During the past 13 years, Jayaswal NECO Industries's highest Return-on-Tangible-Asset was 37.03%. The lowest was -24.18%. And the median was -2.32%.
BOM:522285's Return-on-Tangible-Asset is ranked better than 90.06% of 634
companies
in the Steel industry
Industry Median: 2.095
vs BOM:522285: 9.84
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.
Jayaswal NECO Industries Return-on-Tangible-Asset Related Terms
Jayaswal NECO Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Jayaswal NECO 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:522285 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Jayaswal NECO 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.
Jayaswal NECO Industries Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Jayaswal NECO Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jayaswal NECO 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 13.14% mean?
Jayaswal NECO Industries (BOM:522285) has a Return-on-Tangible-Asset of 13.14% 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 Jayaswal NECO Industries and its competitors. According to the industry distribution chart, Jayaswal NECO Industries ranks #63 out of 634 companies in the Steel industry, placing it in the top 9.9%.
Is Jayaswal NECO Industries' Return-on-Tangible-Asset too high?
Jayaswal NECO Industries' current Return-on-Tangible-Asset is 13.14%. The Steel industry median Return-on-Tangible-Asset is 2.10. Jayaswal NECO Industries' value of 13.14% is 527.2% above this industry median. Based on the distribution chart, Jayaswal NECO Industries ranks #63 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Jayaswal NECO Industries has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jayaswal NECO Industries' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Jayaswal NECO Industries ranks #63 out of 634 companies for Return-on-Tangible-Asset. This places Jayaswal NECO Industries in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.10. Jayaswal NECO Industries' value of 13.14% is 527.2% above this benchmark. 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 2.10, based on 634 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. Jayaswal NECO Industries's current Return-on-Tangible-Asset of 13.14% is 527.2% 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 Jayaswal NECO Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jayaswal NECO Industries's current Return-on-Tangible-Asset is 13.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jayaswal NECO Industries stock overvalued right now?
Based on GuruFocus' analysis, Jayaswal NECO Industries (BOM:522285) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹61.33, compared to a current price of ₹92.32 — trading 50.5% above its estimated fair value. The current Return-on-Tangible-Asset is 13.14% and 527.2% above the Steel industry median of 2.10. Jayaswal NECO Industries' overall GF Score™ is 61/100. 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 Jayaswal NECO Industries (BOM:522285), the current Return-on-Tangible-Asset is 13.14% 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 Jayaswal NECO Industries (BOM:522285) Overvalued in 2026?
Based on GuruFocus' analysis, Jayaswal NECO Industries stock appears to be overvalued.
The current stock price of ₹92.32 is trading 50.5% above its estimated GF Value™ of ₹61.33.
GuruFocus considers Jayaswal NECO Industries to be Significantly Overvalued.
Key valuation signals for BOM:522285:
Return-on-Tangible-Asset: 13.14%
GF Value™: ₹61.33 vs. price of ₹92.32 (50.5% above fair value)
Industry Position: 527.2% above the Steel median (#63 of 634)
No single metric tells the full story. See the BOM:522285 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jayaswal NECO Industries Ltd is engaged in the manufacture and supply of pig iron, sponge iron, pellet, steel, and Iron and steel casting. It specializes in the manufacture and supply of graded steels made in the form of billets, blooms and slabs from virgin metal. The company supplies steel in cast, rolled, wire, annealed, and bright bar forms catering to the demands of various engineering, industrial, construction, automotive, power, and railway industries. Its product-wise operating segments are Steel which derives key revenue, Iron and Steel Castings, and Others. Geographically, the company caters to both Indian and international markets of which, a majority of its revenue is generated from its business in India.
61GF Score
Get the complete analysis for BOM:522285
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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