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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. Mideast Integrated Steels's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹-1,517 Mil. Mideast Integrated Steels's average total tangible assets for the quarter that ended in Jun. 2026 was ₹19,307 Mil. Therefore, Mideast Integrated Steels's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -7.86%.
The historical rank and industry rank for Mideast Integrated Steels's Return-on-Tangible-Asset or its related term are showing as below:
BOM:540744'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -11.41 Med: -4.26 Max: 19.89
Current: -8.32
During the past 13 years, Mideast Integrated Steels's highest Return-on-Tangible-Asset was 19.89%. The lowest was -11.41%. And the median was -4.26%.
BOM:540744's Return-on-Tangible-Asset is not ranked
in the Steel industry.
Industry Median: 2.41
vs BOM:540744: -8.32
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.
Mideast Integrated Steels Return-on-Tangible-Asset Related Terms
Mideast Integrated Steels Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mideast Integrated Steels'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.
For the Steel subindustry, Mideast Integrated Steels'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.
Mideast Integrated Steels Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Mideast Integrated Steels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mideast Integrated Steels'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 -7.86% mean?
Mideast Integrated Steels (BOM:540744) has a Return-on-Tangible-Asset of -7.86% 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 Mideast Integrated Steels and its competitors.
Is Mideast Integrated Steels' Return-on-Tangible-Asset too high?
Mideast Integrated Steels' current Return-on-Tangible-Asset is -7.86%. Overall, Mideast Integrated Steels has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Mideast Integrated Steels' Return-on-Tangible-Asset compare to competitors?
Mideast Integrated Steels' Return-on-Tangible-Asset of -7.86% can be compared against companies in the Steel 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 Mideast Integrated Steels 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. Mideast Integrated Steels's current Return-on-Tangible-Asset is -7.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mideast Integrated Steels stock overvalued right now?
Mideast Integrated Steels (BOM:540744) has a current Return-on-Tangible-Asset of -7.86%. The current Return-on-Tangible-Asset is -7.86%. Mideast Integrated Steels' overall GF Score™ is 4/100 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 Mideast Integrated Steels (BOM:540744), the current Return-on-Tangible-Asset is -7.86% 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.
Mideast Integrated Steels Ltd is engaged in the business of the extraction of iron ore. The company operates through a single segment, namely the Iron and Steel business. It manufactures various products such as pig iron scrap, including plates, fines, and boulders, iron ore calibrated lump ores consisting of iron ore fines and screened lump, coke breeze, granulated slag, and lime slurry. In addition, it also offers repair services.
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