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.
Elitecon InternationalNSE:ELITECON -0.36%47 Return-on-Tangible-Asset is 19.33% as of Dec. 2025, which is 3233% above its 10-year median of 0.58. GuruFocus rates NSE:ELITECON with a GF Score™ of 47/100 and a GF Value™ of ₹2.11 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 48 Tobacco Products companies, Elitecon International ranks better than 89.58% 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. Elitecon International's annualizedNet Income for the quarter that ended in Dec. 2025 was ₹3,691 Mil. Elitecon International's average total tangible assets for the quarter that ended in Dec. 2025 was ₹19,093 Mil. Therefore, Elitecon International's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 19.33%.
The historical rank and industry rank for Elitecon International's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ELITECON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -91.42 Med: 0.58 Max: 37.97
Current: 37.97
During the past 11 years, Elitecon International's highest Return-on-Tangible-Asset was 37.97%. The lowest was -91.42%. And the median was 0.58%.
NSE:ELITECON's Return-on-Tangible-Asset is ranked better than 89.58% of 48
companies
in the Tobacco Products industry
Industry Median: 9.335
vs NSE:ELITECON: 37.97
Elitecon International (NSE:ELITECON) 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.
Elitecon International Return-on-Tangible-Asset Related Terms
Elitecon International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Elitecon International'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.
Elitecon International Return-on-Tangible-Asset Chart
NSE:ELITECON vs : Return-on-Tangible-Asset Comparison
For the Tobacco subindustry, Elitecon International'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.
Elitecon International Return-on-Tangible-Asset vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Elitecon International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Elitecon International'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 (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 19.33% mean?
Elitecon International (NSE:ELITECON) has a Return-on-Tangible-Asset of 19.33% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Elitecon International and its competitors. This is 3233% above median its historical median of 0.58. According to the industry distribution chart, Elitecon International ranks #5 out of 48 companies in the Tobacco Products industry, placing it in the top 10.4%.
Is Elitecon International's Return-on-Tangible-Asset too high?
Elitecon International's current Return-on-Tangible-Asset of 19.33% is 3233% above median its 10-year median of 0.58. The Tobacco Products industry median Return-on-Tangible-Asset is 9.34. Elitecon International's value of 19.33% is 107.1% above this industry median. Based on the distribution chart, Elitecon International ranks #5 out of 48 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Elitecon International has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elitecon International's Return-on-Tangible-Asset compare to ?
According to the Tobacco Products industry distribution chart, Elitecon International ranks #5 out of 48 companies for Return-on-Tangible-Asset. This places Elitecon International in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 9.34. Elitecon International's value of 19.33% is 107.1% above this benchmark. While the company's 10-year median is 0.58 vs. the industry median of 9.34, Elitecon International 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 Tobacco Products company?
The median Return-on-Tangible-Asset among Tobacco Products companies is 9.34, based on 48 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. Elitecon International's current Return-on-Tangible-Asset of 19.33% is 107.1% 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 Elitecon International and its competitors. For the Tobacco Products industry, the median Return-on-Tangible-Asset is 9.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elitecon International's current Return-on-Tangible-Asset is 19.33%, which is 3233% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elitecon International stock overvalued right now?
Based on GuruFocus' analysis, Elitecon International (NSE:ELITECON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2.11, compared to a current price of ₹16.79 — trading 695.7% above its estimated fair value. The current Return-on-Tangible-Asset is 19.33%, which is 3233% above median its 10-year median of 0.58 and 107.1% above the Tobacco Products industry median of 9.34. Elitecon International's overall GF Score™ is 47/100 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 Elitecon International (NSE:ELITECON), the current Return-on-Tangible-Asset is 19.33% as of Dec. 2025. 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 Elitecon International (NSE:ELITECON) Overvalued in 2026?
Based on GuruFocus' analysis, Elitecon International stock appears to be overvalued.
The current stock price of ₹16.79 is trading 695.7% above its estimated GF Value™ of ₹2.11.
GuruFocus considers Elitecon International to be Significantly Overvalued.
Key valuation signals for NSE:ELITECON:
Return-on-Tangible-Asset: 19.33% (3233% above median its 10-year median of 0.58)
GF Value™: ₹2.11 vs. price of ₹16.79 (695.7% above fair value)
Industry Position: 107.1% above the Tobacco Products median (#5 of 48)
No single metric tells the full story. See the NSE:ELITECON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elitecon International Ltd operates in the manufacturing and trading of tobacco products including cigarettes, smoking mixtures, and sheesha. The company serves both domestic and international markets, with notable exports to regions such as the Middle East, Asia, and Europe. Elitecon has expanded its portfolio to include fast-moving consumer goods (FMCG), with upcoming plans to introduce products like snacks, edible oils, and other essentials. Its revenue is generated majorly through the sale of tobacco-based products and FMCG items, supported by a manufacturing infrastructure focused on innovation and sustainability. The company has two reportable segments, "tobacco and allied products" and "Agro Commodities".
47GF Score
Get the complete analysis for NSE:ELITECON
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:ELITECON has been successfully added to your 
