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Elecon Engineering CoNSE:ELECON +0.73%96 Return-on-Tangible-Asset is 8.78% as of Jun. 2026, which is 40% above its 10-year median of 6.26. GuruFocus rates NSE:ELECON with a GF Score™ of 96/100 and a GF Value™ of ₹646.17 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,073 Industrial Products companies, Elecon Engineering Co ranks better than 79.21% 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. Elecon Engineering Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,814 Mil. Elecon Engineering Co's average total tangible assets for the quarter that ended in Jun. 2026 was ₹32,065 Mil. Therefore, Elecon Engineering Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 8.78%.
The historical rank and industry rank for Elecon Engineering Co's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ELECON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.37 Med: 6.26 Max: 19.68
Current: 8.16
During the past 13 years, Elecon Engineering Co's highest Return-on-Tangible-Asset was 19.68%. The lowest was 0.37%. And the median was 6.26%.
NSE:ELECON's Return-on-Tangible-Asset is ranked better than 79.21% of 3073
companies
in the Industrial Products industry
Industry Median: 3.24
vs NSE:ELECON: 8.16
Elecon Engineering Co (NSE:ELECON) 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.
Elecon Engineering Co Return-on-Tangible-Asset Related Terms
Elecon Engineering Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Elecon Engineering Co'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.
Elecon Engineering Co Return-on-Tangible-Asset Chart
NSE:ELECON vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Elecon Engineering Co'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.
Elecon Engineering Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Elecon Engineering Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Elecon Engineering Co'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 8.78% mean?
Elecon Engineering Co (NSE:ELECON) has a Return-on-Tangible-Asset of 8.78% 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 Elecon Engineering Co and its competitors. This is 40% above median its historical median of 6.26. Over the past decade, Elecon Engineering Co's Return-on-Tangible-Asset has ranged from 0.37 to 19.68. According to the industry distribution chart, Elecon Engineering Co ranks #639 out of 3073 companies in the Industrial Products industry, placing it in the top 20.8%.
Is Elecon Engineering Co's Return-on-Tangible-Asset too high?
Elecon Engineering Co's current Return-on-Tangible-Asset of 8.78% is 40% above median its 10-year median of 6.26. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 19.68. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Elecon Engineering Co's value of 8.78% is 171% above this industry median. Based on the distribution chart, Elecon Engineering Co ranks #639 out of 3073 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Elecon Engineering Co has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elecon Engineering Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Elecon Engineering Co ranks #639 out of 3073 companies for Return-on-Tangible-Asset. This places Elecon Engineering Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Elecon Engineering Co's value of 8.78% is 171% above this benchmark. Historically, Elecon Engineering Co's own Return-on-Tangible-Asset has ranged from 0.37 to 19.68 over the past decade. While the company's 10-year median is 6.26 vs. the industry median of 3.24, Elecon Engineering Co 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 3.24, based on 3,073 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. Elecon Engineering Co's current Return-on-Tangible-Asset of 8.78% is 171% 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 Elecon Engineering Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecon Engineering Co's current Return-on-Tangible-Asset is 8.78%, which is 40% above median its own 10-year median of 6.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecon Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Elecon Engineering Co (NSE:ELECON) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹646.17, compared to a current price of ₹464.35 — trading 28.1% below its estimated fair value. The current Return-on-Tangible-Asset is 8.78%, which is 40% above median its 10-year median of 6.26 and 171% above the Industrial Products industry median of 3.24. Elecon Engineering Co's overall GF Score™ is 96/100 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 Elecon Engineering Co (NSE:ELECON), the current Return-on-Tangible-Asset is 8.78% 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 Elecon Engineering Co (NSE:ELECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elecon Engineering Co stock appears to be undervalued.
The current stock price of ₹464.35 is trading 28.1% below its estimated GF Value™ of ₹646.17.
GuruFocus considers Elecon Engineering Co to be Modestly Undervalued.
Key valuation signals for NSE:ELECON:
Return-on-Tangible-Asset: 8.78% (40% above median its 10-year median of 6.26)
GF Value™: ₹646.17 vs. price of ₹464.35 (28.1% below fair value)
Industry Position: 171% above the Industrial Products median (#639 of 3073)
No single metric tells the full story. See the NSE:ELECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecon Engineering Co Ltd is an India-based company engaged in the manufacturing of material handling equipment and industrial gears. It operates through two segments, namely, the Material Handling Equipment segment, which engages in the manufacturing of raw material handling systems, stackers, reclaimers, bagging and weighing machines, wagon and truck loaders, crushers, wagon tipplers, feeders, and port equipment; and Transmission Equipment segment, which manufactures material transmission equipment like gearboxes, couplings, and elevator traction machines. It generates maximum revenue from transmission equipment sales. The group has a business presence in India and Outside India.
96GF Score
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