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Reliance PowerBOM:532939 -1.69%60 Return-on-Tangible-Asset is 0.63% as of Jun. 2026. GuruFocus rates BOM:532939 with a GF Score™ of 60/100 and a GF Value™ of ₹30.06 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 453 Utilities - Independent Power Producers companies, Reliance Power ranks worse than 70.2% 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. Reliance Power's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,588 Mil. Reliance Power's average total tangible assets for the quarter that ended in Jun. 2026 was ₹412,809 Mil. Therefore, Reliance Power's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.63%.
The historical rank and industry rank for Reliance Power's Return-on-Tangible-Asset or its related term are showing as below:
BOM:532939'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.32 Med: -0.89 Max: 6.94
Current: -0.77
During the past 13 years, Reliance Power's highest Return-on-Tangible-Asset was 6.94%. The lowest was -7.32%. And the median was -0.89%.
BOM:532939's Return-on-Tangible-Asset is ranked worse than 70.2% of 453
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.1
vs BOM:532939: -0.77
Reliance Power (BOM:532939) 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.
Reliance Power Return-on-Tangible-Asset Related Terms
Reliance Power Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Reliance Power'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:532939 vs CEG, VST, NRG: Return-on-Tangible-Asset Comparison
For the Utilities - Independent Power Producers subindustry, Reliance Power'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.
Reliance Power Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Reliance Power's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Reliance Power'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 0.63% mean?
Reliance Power (BOM:532939) has a Return-on-Tangible-Asset of 0.63% 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 Reliance Power and its competitors. According to the industry distribution chart, Reliance Power ranks #318 out of 453 companies in the Utilities - Independent Power Producers industry, placing it in the top 70.2%.
Is Reliance Power's Return-on-Tangible-Asset too high?
Reliance Power's current Return-on-Tangible-Asset is 0.63%. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.10. Reliance Power's value of 0.63% is 42.7% below this industry median. Based on the distribution chart, Reliance Power ranks #318 out of 453 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Reliance Power has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reliance Power's Return-on-Tangible-Asset compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Reliance Power ranks #318 out of 453 companies for Return-on-Tangible-Asset. This places Reliance Power in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.10. Reliance Power's value of 0.63% is 42.7% below 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.10, based on 453 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. Reliance Power's current Return-on-Tangible-Asset of 0.63% is 42.7% 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 Reliance Power and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance Power's current Return-on-Tangible-Asset is 0.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance Power stock overvalued right now?
Based on GuruFocus' analysis, Reliance Power (BOM:532939) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹30.06, compared to a current price of ₹22.09 — trading 26.5% below its estimated fair value. The current Return-on-Tangible-Asset is 0.63% and 42.7% below the Utilities - Independent Power Producers industry median of 1.10. Reliance Power's overall GF Score™ is 60/100 with 6 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 Reliance Power (BOM:532939), the current Return-on-Tangible-Asset is 0.63% 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 Reliance Power (BOM:532939) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance Power stock appears to be undervalued.
The current stock price of ₹22.09 is trading 26.5% below its estimated GF Value™ of ₹30.06.
GuruFocus considers Reliance Power to be Modestly Undervalued.
Key valuation signals for BOM:532939:
Return-on-Tangible-Asset: 0.63%
GF Value™: ₹30.06 vs. price of ₹22.09 (26.5% below fair value)
Industry Position: 42.7% below the Utilities - Independent Power Producers median (#318 of 453)
No single metric tells the full story. See the BOM:532939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Power Ltd is an electric utility that constructs, develops, and operates power generation projects. Generation of power is its only operating segment and includes all of the firm's projects. Categorized as either operating, under construction, or under development, these projects generate electricity using thermal fuel sources or renewable resources. The company derives its revenue from the sale of energy, but support service agreements contribute as well.
60GF Score
Get the complete analysis for BOM:532939
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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