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Balkrishna IndustriesNSE:BALKRISIND -1.27%88 Return-on-Tangible-Asset is 10.15% as of Jun. 2026, which is 19% below its 10-year median of 12.58. GuruFocus rates NSE:BALKRISIND with a GF Score™ of 88/100 and a GF Value™ of ₹3,056.42 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,334 Vehicles & Parts companies, Balkrishna Industries ranks better than 82.08% 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. Balkrishna Industries's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹18,031 Mil. Balkrishna Industries's average total tangible assets for the quarter that ended in Jun. 2026 was ₹177,590 Mil. Therefore, Balkrishna Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 10.15%.
The historical rank and industry rank for Balkrishna Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:BALKRISIND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.45 Med: 12.58 Max: 15.73
Current: 8.45
During the past 13 years, Balkrishna Industries's highest Return-on-Tangible-Asset was 15.73%. The lowest was 7.45%. And the median was 12.58%.
NSE:BALKRISIND's Return-on-Tangible-Asset is ranked better than 82.08% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 3.305
vs NSE:BALKRISIND: 8.45
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.
Balkrishna Industries Return-on-Tangible-Asset Related Terms
Balkrishna Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Balkrishna Industries'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.
NSE:BALKRISIND vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Balkrishna Industries'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.
Balkrishna Industries Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Balkrishna Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Balkrishna Industries'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 10.15% mean?
Balkrishna Industries (NSE:BALKRISIND) has a Return-on-Tangible-Asset of 10.15% 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 Balkrishna Industries and its competitors. This is 19% below median its historical median of 12.58. Over the past decade, Balkrishna Industries' Return-on-Tangible-Asset has ranged from 7.45 to 15.73. According to the industry distribution chart, Balkrishna Industries ranks #239 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 17.9%.
Is Balkrishna Industries' Return-on-Tangible-Asset too high?
Balkrishna Industries' current Return-on-Tangible-Asset of 10.15% is 19% below median its 10-year median of 12.58. Over the past 10 years, this metric has ranged from a low of 7.45 to a high of 15.73. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.31. Balkrishna Industries' value of 10.15% is 207.1% above this industry median. Based on the distribution chart, Balkrishna Industries ranks #239 out of 1334 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Balkrishna Industries has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Balkrishna Industries' Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Balkrishna Industries ranks #239 out of 1334 companies for Return-on-Tangible-Asset. This places Balkrishna Industries in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.31. Balkrishna Industries' value of 10.15% is 207.1% above this benchmark. Historically, Balkrishna Industries' own Return-on-Tangible-Asset has ranged from 7.45 to 15.73 over the past decade. While the company's 10-year median is 12.58 vs. the industry median of 3.31, Balkrishna Industries 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.31, based on 1,334 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. Balkrishna Industries's current Return-on-Tangible-Asset of 10.15% is 207.1% 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 Balkrishna Industries and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balkrishna Industries's current Return-on-Tangible-Asset is 10.15%, which is 19% below median its own 10-year median of 12.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balkrishna Industries stock overvalued right now?
Based on GuruFocus' analysis, Balkrishna Industries (NSE:BALKRISIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹3,056.42, compared to a current price of ₹2,376.70 — trading 22.2% below its estimated fair value. The current Return-on-Tangible-Asset is 10.15%, which is 19% below median its 10-year median of 12.58 and 207.1% above the Vehicles & Parts industry median of 3.31. Balkrishna Industries' overall GF Score™ is 88/100 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 Balkrishna Industries (NSE:BALKRISIND), the current Return-on-Tangible-Asset is 10.15% 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 Balkrishna Industries (NSE:BALKRISIND) Overvalued in 2026?
Based on GuruFocus' analysis, Balkrishna Industries stock appears to be undervalued.
The current stock price of ₹2,376.70 is trading 22.2% below its estimated GF Value™ of ₹3,056.42.
GuruFocus considers Balkrishna Industries to be Modestly Undervalued.
Key valuation signals for NSE:BALKRISIND:
Return-on-Tangible-Asset: 10.15% (19% below median its 10-year median of 12.58)
GF Value™: ₹3,056.42 vs. price of ₹2,376.70 (22.2% below fair value)
Industry Position: 207.1% above the Vehicles & Parts median (#239 of 1334)
No single metric tells the full story. See the NSE:BALKRISIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Balkrishna Industries Ltd is engaged mainly in the business of manufacturing and selling of Off-Highway Tires (OHT) in the specialist segments such as Agricultural, Industrial & Construction, Earthmovers & Port, Mining, Forestry, Lawn & Garden, and All Terrain Vehicles (ATV). The majority of the group's revenue is derived from international markets like Europe, North America, and other regions, and the rest from its business in India.
88GF Score
Get the complete analysis for NSE:BALKRISIND
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