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Balu Forge IndustriesNSE:BALUFORGE +1.70%74 Return-on-Tangible-Asset is 14.46% as of Mar. 2026, which is 18% below its 10-year median of 17.71. GuruFocus rates NSE:BALUFORGE with a GF Score™ of 74/100 and a GF Value™ of ₹636.19 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 3,078 Industrial Products companies, Balu Forge Industries ranks better than 95.55% 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. Balu Forge Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,629 Mil. Balu Forge Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹18,182 Mil. Therefore, Balu Forge Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.46%.
The historical rank and industry rank for Balu Forge Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:BALUFORGE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.9 Med: 17.71 Max: 71.67
Current: 17.15
During the past 13 years, Balu Forge Industries's highest Return-on-Tangible-Asset was 71.67%. The lowest was 10.90%. And the median was 17.71%.
NSE:BALUFORGE's Return-on-Tangible-Asset is ranked better than 95.55% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs NSE:BALUFORGE: 17.15
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.
Balu Forge Industries Return-on-Tangible-Asset Related Terms
Balu Forge Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Balu Forge 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:BALUFORGE vs CRS, ATI, MLI: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Balu Forge 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.
Balu Forge Industries Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Balu Forge Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Balu Forge 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 14.46% mean?
Balu Forge Industries (NSE:BALUFORGE) has a Return-on-Tangible-Asset of 14.46% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Balu Forge Industries and its competitors. This is 18% below median its historical median of 17.71. Over the past decade, Balu Forge Industries' Return-on-Tangible-Asset has ranged from 10.90 to 71.67. According to the industry distribution chart, Balu Forge Industries ranks #137 out of 3078 companies in the Industrial Products industry, placing it in the top 4.5%.
Is Balu Forge Industries' Return-on-Tangible-Asset too high?
Balu Forge Industries' current Return-on-Tangible-Asset of 14.46% is 18% below median its 10-year median of 17.71. Over the past 10 years, this metric has ranged from a low of 10.90 to a high of 71.67. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Balu Forge Industries' value of 14.46% is 343.6% above this industry median. Based on the distribution chart, Balu Forge Industries ranks #137 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Balu Forge Industries has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Balu Forge Industries' Return-on-Tangible-Asset compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Balu Forge Industries ranks #137 out of 3078 companies for Return-on-Tangible-Asset. This places Balu Forge Industries in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Balu Forge Industries' value of 14.46% is 343.6% above this benchmark. Historically, Balu Forge Industries' own Return-on-Tangible-Asset has ranged from 10.90 to 71.67 over the past decade. While the company's 10-year median is 17.71 vs. the industry median of 3.26, Balu Forge 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. Balu Forge Industries's current Return-on-Tangible-Asset of 14.46% is 343.6% 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 Balu Forge Industries and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balu Forge Industries's current Return-on-Tangible-Asset is 14.46%, which is 18% below median its own 10-year median of 17.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balu Forge Industries stock overvalued right now?
Based on GuruFocus' analysis, Balu Forge Industries (NSE:BALUFORGE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹636.19, compared to a current price of ₹440.35 — trading 30.8% below its estimated fair value. The current Return-on-Tangible-Asset is 14.46%, which is 18% below median its 10-year median of 17.71 and 343.6% above the Industrial Products industry median of 3.26. Balu Forge Industries' overall GF Score™ is 74/100 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 Balu Forge Industries (NSE:BALUFORGE), the current Return-on-Tangible-Asset is 14.46% as of Mar. 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 Balu Forge Industries (NSE:BALUFORGE) Overvalued in 2026?
Based on GuruFocus' analysis, Balu Forge Industries stock appears to be undervalued.
The current stock price of ₹440.35 is trading 30.8% below its estimated GF Value™ of ₹636.19.
GuruFocus considers Balu Forge Industries to be Possible Value Trap.
Key valuation signals for NSE:BALUFORGE:
Return-on-Tangible-Asset: 14.46% (18% below median its 10-year median of 17.71)
GF Value™: ₹636.19 vs. price of ₹440.35 (30.8% below fair value)
Industry Position: 343.6% above the Industrial Products median (#137 of 3078)
No single metric tells the full story. See the NSE:BALUFORGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Balu Forge Industries Ltd is engaged in the business of steel forging. The company is a supplier of crankshafts to Original Equipment Manufacturers (OEMs) in India and other countries. It serves railways; car manufacturers; industrial vehicles; defense; oil and gas; agriculture; pumps and other industries. It has a single operating segment: Manufacturing and selling Steel Forging Products. Geographically, the company derives a majority of its revenue from outside India.
74GF Score
Get the complete analysis for NSE:BALUFORGE
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