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Eveready Industries IndiaBOM:531508 -1.49%69 Return-on-Tangible-Asset is 12.23% as of Jun. 2026, which is 92% above its 10-year median of 6.37. GuruFocus rates BOM:531508 with a GF Score™ of 69/100 and a GF Value™ of ₹391.67 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,087 Industrial Products companies, Eveready Industries India ranks better than 93.88% 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. Eveready Industries India's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹1,479 Mil. Eveready Industries India's average total tangible assets for the quarter that ended in Jun. 2026 was ₹12,087 Mil. Therefore, Eveready Industries India's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 12.23%.
The historical rank and industry rank for Eveready Industries India's Return-on-Tangible-Asset or its related term are showing as below:
BOM:531508'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.52 Med: 6.37 Max: 15.52
Current: 15.52
During the past 13 years, Eveready Industries India's highest Return-on-Tangible-Asset was 15.52%. The lowest was -27.52%. And the median was 6.37%.
BOM:531508's Return-on-Tangible-Asset is ranked better than 93.88% of 3087
companies
in the Industrial Products industry
Industry Median: 3.46
vs BOM:531508: 15.52
Eveready Industries India (BOM:531508) 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.
Eveready Industries India Return-on-Tangible-Asset Related Terms
Eveready Industries India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Eveready Industries India'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.
Eveready Industries India Return-on-Tangible-Asset Chart
BOM:531508 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Eveready Industries India'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.
Eveready Industries India Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Eveready Industries India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Eveready Industries India'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 12.23% mean?
Eveready Industries India (BOM:531508) has a Return-on-Tangible-Asset of 12.23% 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 Eveready Industries India and its competitors. This is 92% above median its historical median of 6.37. According to the industry distribution chart, Eveready Industries India ranks #189 out of 3087 companies in the Industrial Products industry, placing it in the top 6.1%.
Is Eveready Industries India's Return-on-Tangible-Asset too high?
Eveready Industries India's current Return-on-Tangible-Asset of 12.23% is 92% above median its 10-year median of 6.37. The Industrial Products industry median Return-on-Tangible-Asset is 3.46. Eveready Industries India's value of 12.23% is 253.5% above this industry median. Based on the distribution chart, Eveready Industries India ranks #189 out of 3087 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Eveready Industries India has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eveready Industries India's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Eveready Industries India ranks #189 out of 3087 companies for Return-on-Tangible-Asset. This places Eveready Industries India in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.46. Eveready Industries India's value of 12.23% is 253.5% above this benchmark. While the company's 10-year median is 6.37 vs. the industry median of 3.46, Eveready Industries India 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.46, based on 3,087 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. Eveready Industries India's current Return-on-Tangible-Asset of 12.23% is 253.5% 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 Eveready Industries India and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eveready Industries India's current Return-on-Tangible-Asset is 12.23%, which is 92% above median its own 10-year median of 6.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eveready Industries India stock overvalued right now?
Based on GuruFocus' analysis, Eveready Industries India (BOM:531508) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹391.67, compared to a current price of ₹337.00 — trading 14% below its estimated fair value. The current Return-on-Tangible-Asset is 12.23%, which is 92% above median its 10-year median of 6.37 and 253.5% above the Industrial Products industry median of 3.46. Eveready Industries India's overall GF Score™ is 69/100 with 4 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 Eveready Industries India (BOM:531508), the current Return-on-Tangible-Asset is 12.23% 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 Eveready Industries India (BOM:531508) Overvalued in 2026?
Based on GuruFocus' analysis, Eveready Industries India stock appears to be undervalued.
The current stock price of ₹337.00 is trading 14% below its estimated GF Value™ of ₹391.67.
GuruFocus considers Eveready Industries India to be Modestly Undervalued.
Key valuation signals for BOM:531508:
Return-on-Tangible-Asset: 12.23% (92% above median its 10-year median of 6.37)
GF Value™: ₹391.67 vs. price of ₹337.00 (14% below fair value)
Industry Position: 253.5% above the Industrial Products median (#189 of 3087)
No single metric tells the full story. See the BOM:531508 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eveready Industries India Ltd is engaged in the business of manufacturing and marketing dry cell batteries, rechargeable batteries, flashlights, and lighting products, which come under a single business segment known as Consumer Goods. It manufactures and markets dry cell and rechargeable batteries, flashlights, lanterns, packet tea, LED bulbs and luminaries, devices like mobile power banks, rechargeable fans, radio, and small home appliances, among others. The firm markets these products under Eveready, Powercell, Uniross, and Shakti brands. Geographically, the company generates maximum revenue from India and also exports its products to other markets.
69GF Score
Get the complete analysis for BOM:531508
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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