Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Borana WeavesNSE:BORANA +1.10%18 Return-on-Tangible-Asset is 18.79% as of Mar. 2026, which is 16% below its 10-year median of 22.25. GuruFocus rates NSE:BORANA with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,067 Manufacturing - Apparel & Accessories companies, Borana Weaves ranks better than 97.09% 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. Borana Weaves's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹688 Mil. Borana Weaves's average total tangible assets for the quarter that ended in Mar. 2026 was ₹3,664 Mil. Therefore, Borana Weaves's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.79%.
The historical rank and industry rank for Borana Weaves's Return-on-Tangible-Asset or its related term are showing as below:
NSE:BORANA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.64 Med: 22.25 Max: 30.5
Current: 19.07
During the past 5 years, Borana Weaves's highest Return-on-Tangible-Asset was 30.50%. The lowest was 5.64%. And the median was 22.25%.
NSE:BORANA's Return-on-Tangible-Asset is ranked better than 97.09% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.16
vs NSE:BORANA: 19.07
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.
Borana Weaves Return-on-Tangible-Asset Related Terms
Borana Weaves Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Borana Weaves'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 Textile Manufacturing subindustry, Borana Weaves'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.
Borana Weaves Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Borana Weaves's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Borana Weaves'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 18.79% mean?
Borana Weaves (NSE:BORANA) has a Return-on-Tangible-Asset of 18.79% 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 Borana Weaves and its competitors. This is 16% below median its historical median of 22.25. Over the past decade, Borana Weaves' Return-on-Tangible-Asset has ranged from 5.64 to 30.50. According to the industry distribution chart, Borana Weaves ranks #31 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2.9%.
Is Borana Weaves' Return-on-Tangible-Asset too high?
Borana Weaves' current Return-on-Tangible-Asset of 18.79% is 16% below median its 10-year median of 22.25. Over the past 10 years, this metric has ranged from a low of 5.64 to a high of 30.50. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.16. Borana Weaves' value of 18.79% is 769.9% above this industry median. Based on the distribution chart, Borana Weaves ranks #31 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Borana Weaves has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Borana Weaves' Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Borana Weaves ranks #31 out of 1067 companies for Return-on-Tangible-Asset. This places Borana Weaves in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.16. Borana Weaves' value of 18.79% is 769.9% above this benchmark. Historically, Borana Weaves' own Return-on-Tangible-Asset has ranged from 5.64 to 30.50 over the past decade. While the company's 10-year median is 22.25 vs. the industry median of 2.16, Borana Weaves 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.16, based on 1,067 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. Borana Weaves's current Return-on-Tangible-Asset of 18.79% is 769.9% 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 Borana Weaves and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borana Weaves's current Return-on-Tangible-Asset is 18.79%, which is 16% below median its own 10-year median of 22.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borana Weaves stock overvalued right now?
Borana Weaves (NSE:BORANA) has a current Return-on-Tangible-Asset of 18.79%. The current Return-on-Tangible-Asset is 18.79%, which is 16% below median its 10-year median of 22.25 and 769.9% above the Manufacturing - Apparel & Accessories industry median of 2.16. Borana Weaves' overall GF Score™ is 18/100 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 Borana Weaves (NSE:BORANA), the current Return-on-Tangible-Asset is 18.79% 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.
Borana Weaves Ltd is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. The company's unbleached synthetic grey fabric is often widely used as a base for further processing (including dyeing and printing) in industries such as fashion, traditional textiles, technical textiles, home decor, interior design and others.
18GF Score
Get the complete analysis for NSE:BORANA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BORANA has been successfully added to your 
