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Shree Marutinandan Tubes (BOM:544083) Return-on-Tangible-Asset : 8.63% (As of Mar. 2025)


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What is Shree Marutinandan Tubes Return-on-Tangible-Asset?

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. Shree Marutinandan Tubes's annualized Net Income for the quarter that ended in Mar. 2025 was ₹42 Mil. Shree Marutinandan Tubes's average total tangible assets for the quarter that ended in Mar. 2025 was ₹485 Mil. Therefore, Shree Marutinandan Tubes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 8.63%.

The historical rank and industry rank for Shree Marutinandan Tubes's Return-on-Tangible-Asset or its related term are showing as below:

BOM:544083' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.46   Med: 5.97   Max: 12.78
Current: 6.48

During the past 5 years, Shree Marutinandan Tubes's highest Return-on-Tangible-Asset was 12.78%. The lowest was 0.46%. And the median was 5.97%.

BOM:544083's Return-on-Tangible-Asset is ranked better than
72.44% of 156 companies
in the Industrial Distribution industry
Industry Median: 4.08 vs BOM:544083: 6.48

Shree Marutinandan Tubes Return-on-Tangible-Asset Historical Data

The historical data trend for Shree Marutinandan Tubes'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.

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Shree Marutinandan Tubes Return-on-Tangible-Asset Chart

Shree Marutinandan Tubes Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
1.02 0.46 12.78 10.77 5.97

Shree Marutinandan Tubes Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial - 15.06 8.59 4.15 8.63

Competitive Comparison of Shree Marutinandan Tubes's Return-on-Tangible-Asset

For the Industrial Distribution subindustry, Shree Marutinandan Tubes'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.


Shree Marutinandan Tubes's Return-on-Tangible-Asset Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Shree Marutinandan Tubes's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Shree Marutinandan Tubes's Return-on-Tangible-Asset falls into.


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Shree Marutinandan Tubes Return-on-Tangible-Asset Calculation

Shree Marutinandan Tubes's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=28.013/( (326.904+611.156)/ 2 )
=28.013/469.03
=5.97 %

Shree Marutinandan Tubes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Sep. 2024 )(Q: Mar. 2025 )
=41.82/( (358.006+611.156)/ 2 )
=41.82/484.581
=8.63 %

* 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 two times the semi-annual (Mar. 2025) net income data.


Shree Marutinandan Tubes  (BOM:544083) 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 company’s 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 company’s 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.


Shree Marutinandan Tubes Return-on-Tangible-Asset Related Terms

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Shree Marutinandan Tubes Business Description

Traded in Other Exchanges
N/A
Address
S.P Ring Road, A-21, Second Floor, Amrapali Complex, Bopal, Ahmedabad, GJ, IND, 380058
Shree Marutinandan Tubes Ltd is engaged in trading of Galvanized Pipe, Electric Resistance Welding Mild Steel (ERW MS) Pipes (round pipes, square and rectangular hollow sections in various specifications, sizes ranging from 15NB to 1000 NB and also in trading of Black Pipes and Solar Structural Pipes. It products are widely used in various industries like Agriculture, Oil, Public Health, Housing, Irrigation, Engineering, Infrastructural, Industrial etc.

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