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Heera IspatBOM:526967 -4.76%29 Return-on-Tangible-Asset is -147.54% as of Jun. 2026. GuruFocus rates BOM:526967 with a GF Score™ of 29/100. The stock has 1 warning sign investors should review. Among 632 Steel companies, Heera Ispat ranks worse than 98.1% 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. Heera Ispat's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹-0.72 Mil. Heera Ispat's average total tangible assets for the quarter that ended in Jun. 2026 was ₹0.49 Mil. Therefore, Heera Ispat's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -147.54%.
The historical rank and industry rank for Heera Ispat's Return-on-Tangible-Asset or its related term are showing as below:
BOM:526967'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -304.49 Med: -51.54 Max: 262.09
Current: -41.61
During the past 13 years, Heera Ispat's highest Return-on-Tangible-Asset was 262.09%. The lowest was -304.49%. And the median was -51.54%.
BOM:526967's Return-on-Tangible-Asset is ranked worse than 98.1% of 632
companies
in the Steel industry
Industry Median: 2.41
vs BOM:526967: -41.61
Heera Ispat (BOM:526967) 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.
Heera Ispat Return-on-Tangible-Asset Related Terms
Heera Ispat Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Heera Ispat'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:526967 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Heera Ispat'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.
Heera Ispat Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Heera Ispat's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Heera Ispat'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 -147.54% mean?
Heera Ispat (BOM:526967) has a Return-on-Tangible-Asset of -147.54% 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 Heera Ispat and its competitors. According to the industry distribution chart, Heera Ispat ranks #620 out of 632 companies in the Steel industry, placing it in the top 98.1%.
Is Heera Ispat's Return-on-Tangible-Asset too high?
Heera Ispat's current Return-on-Tangible-Asset is -147.54%. Based on the distribution chart, Heera Ispat ranks #620 out of 632 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Heera Ispat has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Heera Ispat's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Heera Ispat ranks #620 out of 632 companies for Return-on-Tangible-Asset. This places Heera Ispat in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.41. 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 2.41, based on 632 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. 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 Heera Ispat and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heera Ispat's current Return-on-Tangible-Asset is -147.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heera Ispat stock overvalued right now?
Heera Ispat (BOM:526967) has a current Return-on-Tangible-Asset of -147.54%. The current Return-on-Tangible-Asset is -147.54%. Heera Ispat's overall GF Score™ is 29/100 with 1 warning sign 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 Heera Ispat (BOM:526967), the current Return-on-Tangible-Asset is -147.54% 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.
Heera Ispat Ltd is an Indian based company that operates in the steel and alloys business. The business activity of the group includes the manufacturing and trading of steels and alloys. It manufactures products including steel plates, steel bars, and wires for the construction industry and cast iron products for the automobile industry. Geographically, all the activities are carried out through the region of India.
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