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De Nora IndiaNSE:DENORA -3.23%77 Return-on-Tangible-Asset is 16.04% as of Jun. 2026, which is 136% above its 10-year median of 6.81. GuruFocus rates NSE:DENORA with a GF Score™ of 77/100 and a GF Value™ of ₹1,607.24 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 3,076 Industrial Products companies, De Nora India ranks better than 76.4% 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. De Nora India's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹256 Mil. De Nora India's average total tangible assets for the quarter that ended in Jun. 2026 was ₹1,594 Mil. Therefore, De Nora India's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.04%.
The historical rank and industry rank for De Nora India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:DENORA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.26 Med: 6.81 Max: 19.43
Current: 7.68
During the past 13 years, De Nora India's highest Return-on-Tangible-Asset was 19.43%. The lowest was 1.26%. And the median was 6.81%.
NSE:DENORA's Return-on-Tangible-Asset is ranked better than 76.4% of 3076
companies
in the Industrial Products industry
Industry Median: 3.315
vs NSE:DENORA: 7.68
De Nora India (NSE:DENORA) 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 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.
De Nora India Return-on-Tangible-Asset Related Terms
De Nora India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for De Nora India'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:DENORA vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, De Nora India'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.
De Nora India Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, De Nora India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where De Nora India'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 16.04% mean?
De Nora India (NSE:DENORA) has a Return-on-Tangible-Asset of 16.04% 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 De Nora India and its competitors. This is 136% above median its historical median of 6.81. Over the past decade, De Nora India's Return-on-Tangible-Asset has ranged from 1.26 to 19.43. According to the industry distribution chart, De Nora India ranks #726 out of 3076 companies in the Industrial Products industry, placing it in the top 23.6%.
Is De Nora India's Return-on-Tangible-Asset too high?
De Nora India's current Return-on-Tangible-Asset of 16.04% is 136% above median its 10-year median of 6.81. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 19.43. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. De Nora India's value of 16.04% is 383.9% above this industry median. Based on the distribution chart, De Nora India ranks #726 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, De Nora India has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does De Nora India's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, De Nora India ranks #726 out of 3076 companies for Return-on-Tangible-Asset. This places De Nora India in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.32. De Nora India's value of 16.04% is 383.9% above this benchmark. Historically, De Nora India's own Return-on-Tangible-Asset has ranged from 1.26 to 19.43 over the past decade. While the company's 10-year median is 6.81 vs. the industry median of 3.32, De Nora India 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 3.32, based on 3,076 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. De Nora India's current Return-on-Tangible-Asset of 16.04% is 383.9% 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 De Nora India and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. De Nora India's current Return-on-Tangible-Asset is 16.04%, which is 136% above median its own 10-year median of 6.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is De Nora India stock overvalued right now?
Based on GuruFocus' analysis, De Nora India (NSE:DENORA) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,607.24, compared to a current price of ₹846.30 — trading 47.3% below its estimated fair value. The current Return-on-Tangible-Asset is 16.04%, which is 136% above median its 10-year median of 6.81 and 383.9% above the Industrial Products industry median of 3.32. De Nora India's overall GF Score™ is 77/100 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 De Nora India (NSE:DENORA), the current Return-on-Tangible-Asset is 16.04% 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 De Nora India (NSE:DENORA) Overvalued in 2026?
Based on GuruFocus' analysis, De Nora India stock appears to be undervalued.
The current stock price of ₹846.30 is trading 47.3% below its estimated GF Value™ of ₹1,607.24.
GuruFocus considers De Nora India to be Significantly Undervalued.
Key valuation signals for NSE:DENORA:
Return-on-Tangible-Asset: 16.04% (136% above median its 10-year median of 6.81)
GF Value™: ₹1,607.24 vs. price of ₹846.30 (47.3% below fair value)
Industry Position: 383.9% above the Industrial Products median (#726 of 3076)
No single metric tells the full story. See the NSE:DENORA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
De Nora India Ltd is principally engaged in the manufacturing of Electrolytic Products, including anodes, cathodes, electrochlorinators, and Water Technology products. It operates as a single integrated business unit. The company generates the majority of its revenue from the Sale of services. Geographically, the company generates the majority of its revenue from India.
77GF Score
Get the complete analysis for NSE:DENORA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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