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.
Finolex IndustriesNSE:FINPIPE -1.62%82 Return-on-Tangible-Asset is 13.76% as of Mar. 2026, which is 28% above its 10-year median of 10.73. GuruFocus rates NSE:FINPIPE with a GF Score™ of 82/100 and a GF Value™ of ₹211.74 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,784 Construction companies, Finolex Industries ranks better than 79.26% 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. Finolex Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹10,450 Mil. Finolex Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹75,927 Mil. Therefore, Finolex Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 13.76%.
The historical rank and industry rank for Finolex Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:FINPIPE'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.31 Med: 10.73 Max: 21.82
Current: 8.27
During the past 13 years, Finolex Industries's highest Return-on-Tangible-Asset was 21.82%. The lowest was 4.31%. And the median was 10.73%.
NSE:FINPIPE's Return-on-Tangible-Asset is ranked better than 79.26% of 1784
companies
in the Construction industry
Industry Median: 3.055
vs NSE:FINPIPE: 8.27
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.
Finolex Industries Return-on-Tangible-Asset Related Terms
Finolex Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Finolex 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:FINPIPE vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Finolex 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.
Finolex Industries Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Finolex Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Finolex 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 13.76% mean?
Finolex Industries (NSE:FINPIPE) has a Return-on-Tangible-Asset of 13.76% 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 Finolex Industries and its competitors. This is 28% above median its historical median of 10.73. Over the past decade, Finolex Industries' Return-on-Tangible-Asset has ranged from 4.31 to 21.82. According to the industry distribution chart, Finolex Industries ranks #370 out of 1784 companies in the Construction industry, placing it in the top 20.7%.
Is Finolex Industries' Return-on-Tangible-Asset too high?
Finolex Industries' current Return-on-Tangible-Asset of 13.76% is 28% above median its 10-year median of 10.73. Over the past 10 years, this metric has ranged from a low of 4.31 to a high of 21.82. The Construction industry median Return-on-Tangible-Asset is 3.06. Finolex Industries' value of 13.76% is 350.4% above this industry median. Based on the distribution chart, Finolex Industries ranks #370 out of 1784 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Finolex Industries has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Industries' Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Finolex Industries ranks #370 out of 1784 companies for Return-on-Tangible-Asset. This places Finolex Industries in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. Finolex Industries' value of 13.76% is 350.4% above this benchmark. Historically, Finolex Industries' own Return-on-Tangible-Asset has ranged from 4.31 to 21.82 over the past decade. While the company's 10-year median is 10.73 vs. the industry median of 3.06, Finolex 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 a Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,784 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. Finolex Industries's current Return-on-Tangible-Asset of 13.76% is 350.4% 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 Finolex Industries and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Industries's current Return-on-Tangible-Asset is 13.76%, which is 28% above median its own 10-year median of 10.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Industries stock overvalued right now?
Based on GuruFocus' analysis, Finolex Industries (NSE:FINPIPE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹211.74, compared to a current price of ₹164.66 — trading 22.2% below its estimated fair value. The current Return-on-Tangible-Asset is 13.76%, which is 28% above median its 10-year median of 10.73 and 350.4% above the Construction industry median of 3.06. Finolex Industries' overall GF Score™ is 82/100 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 Finolex Industries (NSE:FINPIPE), the current Return-on-Tangible-Asset is 13.76% 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 Finolex Industries (NSE:FINPIPE) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Industries stock appears to be undervalued.
The current stock price of ₹164.66 is trading 22.2% below its estimated GF Value™ of ₹211.74.
GuruFocus considers Finolex Industries to be Modestly Undervalued.
Key valuation signals for NSE:FINPIPE:
Return-on-Tangible-Asset: 13.76% (28% above median its 10-year median of 10.73)
GF Value™: ₹211.74 vs. price of ₹164.66 (22.2% below fair value)
Industry Position: 350.4% above the Construction median (#370 of 1784)
No single metric tells the full story. See the NSE:FINPIPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Industries Ltd manufactures rigid polyvinyl chloride pipes and resins, and fittings. Pipes and fittings are developed out of manufacturing plants strategically located in India. Finolex's products are designed to meet a range of specifications such as size, pressure classes, and diameters. Traditionally, market participants in agriculture, housing, telecom, construction, and other industries have constituted the largest portion of the company's customer base. In addition to the number of manufacturing plants across India, Finolex depends on a network of direct and indirect retail outlets across the country to deliver its services to numerous industries.
82GF Score
Get the complete analysis for NSE:FINPIPE
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:FINPIPE has been successfully added to your 
