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Rhetan TMTBOM:543590 -4.98%62 Return-on-Tangible-Asset is 7.65% as of Jun. 2026, which is 124% above its 10-year median of 3.42. GuruFocus rates BOM:543590 with a GF Score™ of 62/100 and a GF Value™ of ₹9.05 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 632 Steel companies, Rhetan TMT ranks better than 86.23% 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. Rhetan TMT's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹126.3 Mil. Rhetan TMT's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,651.2 Mil. Therefore, Rhetan TMT's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 7.65%.
The historical rank and industry rank for Rhetan TMT's Return-on-Tangible-Asset or its related term are showing as below:
BOM:543590'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.94 Med: 3.42 Max: 8.81
Current: 8.81
During the past 7 years, Rhetan TMT's highest Return-on-Tangible-Asset was 8.81%. The lowest was -1.94%. And the median was 3.42%.
BOM:543590's Return-on-Tangible-Asset is ranked better than 86.23% of 632
companies
in the Steel industry
Industry Median: 2.41
vs BOM:543590: 8.81
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.
Rhetan TMT Return-on-Tangible-Asset Related Terms
Rhetan TMT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Rhetan TMT'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:543590 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Rhetan TMT'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.
Rhetan TMT Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Rhetan TMT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Rhetan TMT'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 7.65% mean?
Rhetan TMT (BOM:543590) has a Return-on-Tangible-Asset of 7.65% 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 Rhetan TMT and its competitors. This is 124% above median its historical median of 3.42. According to the industry distribution chart, Rhetan TMT ranks #87 out of 632 companies in the Steel industry, placing it in the top 13.8%.
Is Rhetan TMT's Return-on-Tangible-Asset too high?
Rhetan TMT's current Return-on-Tangible-Asset of 7.65% is 124% above median its 10-year median of 3.42. The Steel industry median Return-on-Tangible-Asset is 2.41. Rhetan TMT's value of 7.65% is 217.4% above this industry median. Based on the distribution chart, Rhetan TMT ranks #87 out of 632 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Rhetan TMT has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rhetan TMT's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Rhetan TMT ranks #87 out of 632 companies for Return-on-Tangible-Asset. This places Rhetan TMT in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.41. Rhetan TMT's value of 7.65% is 217.4% above this benchmark. While the company's 10-year median is 3.42 vs. the industry median of 2.41, Rhetan TMT 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 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. Rhetan TMT's current Return-on-Tangible-Asset of 7.65% is 217.4% 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 Rhetan TMT 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. Rhetan TMT's current Return-on-Tangible-Asset is 7.65%, which is 124% above median its own 10-year median of 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rhetan TMT stock overvalued right now?
Based on GuruFocus' analysis, Rhetan TMT (BOM:543590) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹9.05, compared to a current price of ₹24.04 — trading 165.6% above its estimated fair value. The current Return-on-Tangible-Asset is 7.65%, which is 124% above median its 10-year median of 3.42 and 217.4% above the Steel industry median of 2.41. Rhetan TMT's overall GF Score™ is 62/100 with 3 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 Rhetan TMT (BOM:543590), the current Return-on-Tangible-Asset is 7.65% 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 Rhetan TMT (BOM:543590) Overvalued in 2026?
Based on GuruFocus' analysis, Rhetan TMT stock appears to be overvalued.
The current stock price of ₹24.04 is trading 165.6% above its estimated GF Value™ of ₹9.05.
GuruFocus considers Rhetan TMT to be Significantly Overvalued.
Key valuation signals for BOM:543590:
Return-on-Tangible-Asset: 7.65% (124% above median its 10-year median of 3.42)
GF Value™: ₹9.05 vs. price of ₹24.04 (165.6% above fair value)
Industry Position: 217.4% above the Steel median (#87 of 632)
No single metric tells the full story. See the BOM:543590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.
62GF Score
Get the complete analysis for BOM:543590
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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