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.
Garware Technical FibresNSE:GARFIBRES -3.22%94 Return-on-Tangible-Asset is 14.32% as of Jun. 2026, which is 18% above its 10-year median of 12.18. GuruFocus rates NSE:GARFIBRES with a GF Score™ of 94/100 and a GF Value™ of ₹867.17 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,064 Manufacturing - Apparel & Accessories companies, Garware Technical Fibres ranks better than 90.98% 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. Garware Technical Fibres's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,584 Mil. Garware Technical Fibres's average total tangible assets for the quarter that ended in Jun. 2026 was ₹18,041 Mil. Therefore, Garware Technical Fibres's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 14.32%.
The historical rank and industry rank for Garware Technical Fibres's Return-on-Tangible-Asset or its related term are showing as below:
NSE:GARFIBRES'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.1 Med: 12.18 Max: 13.15
Current: 11.1
During the past 13 years, Garware Technical Fibres's highest Return-on-Tangible-Asset was 13.15%. The lowest was 11.10%. And the median was 12.18%.
NSE:GARFIBRES's Return-on-Tangible-Asset is ranked better than 90.98% of 1064
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.025
vs NSE:GARFIBRES: 11.10
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.
Garware Technical Fibres Return-on-Tangible-Asset Related Terms
Garware Technical Fibres Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Garware Technical Fibres'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, Garware Technical Fibres'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.
Garware Technical Fibres Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Garware Technical Fibres's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Garware Technical Fibres'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 14.32% mean?
Garware Technical Fibres (NSE:GARFIBRES) has a Return-on-Tangible-Asset of 14.32% 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 Garware Technical Fibres and its competitors. This is 18% above median its historical median of 12.18. Over the past decade, Garware Technical Fibres' Return-on-Tangible-Asset has ranged from 11.10 to 13.15. According to the industry distribution chart, Garware Technical Fibres ranks #96 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 9%.
Is Garware Technical Fibres' Return-on-Tangible-Asset too high?
Garware Technical Fibres' current Return-on-Tangible-Asset of 14.32% is 18% above median its 10-year median of 12.18. Over the past 10 years, this metric has ranged from a low of 11.10 to a high of 13.15. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.03. Garware Technical Fibres' value of 14.32% is 607.2% above this industry median. Based on the distribution chart, Garware Technical Fibres ranks #96 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Garware Technical Fibres has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Garware Technical Fibres' Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Garware Technical Fibres ranks #96 out of 1064 companies for Return-on-Tangible-Asset. This places Garware Technical Fibres in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.03. Garware Technical Fibres' value of 14.32% is 607.2% above this benchmark. Historically, Garware Technical Fibres' own Return-on-Tangible-Asset has ranged from 11.10 to 13.15 over the past decade. While the company's 10-year median is 12.18 vs. the industry median of 2.03, Garware Technical Fibres 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 2.03, based on 1,064 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. Garware Technical Fibres's current Return-on-Tangible-Asset of 14.32% is 607.2% 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 Garware Technical Fibres and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Technical Fibres's current Return-on-Tangible-Asset is 14.32%, which is 18% above median its own 10-year median of 12.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Technical Fibres stock overvalued right now?
Based on GuruFocus' analysis, Garware Technical Fibres (NSE:GARFIBRES) is currently considered Fairly Valued. The stock's GF Value™ is ₹867.17, compared to a current price of ₹811.85 — trading 6.4% below its estimated fair value. The current Return-on-Tangible-Asset is 14.32%, which is 18% above median its 10-year median of 12.18 and 607.2% above the Manufacturing - Apparel & Accessories industry median of 2.03. Garware Technical Fibres' overall GF Score™ is 94/100 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 Garware Technical Fibres (NSE:GARFIBRES), the current Return-on-Tangible-Asset is 14.32% 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 Garware Technical Fibres (NSE:GARFIBRES) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Technical Fibres stock appears to be undervalued.
The current stock price of ₹811.85 is trading 6.4% below its estimated GF Value™ of ₹867.17.
GuruFocus considers Garware Technical Fibres to be Fairly Valued.
Key valuation signals for NSE:GARFIBRES:
Return-on-Tangible-Asset: 14.32% (18% above median its 10-year median of 12.18)
GF Value™: ₹867.17 vs. price of ₹811.85 (6.4% below fair value)
Industry Position: 607.2% above the Manufacturing - Apparel & Accessories median (#96 of 1064)
No single metric tells the full story. See the NSE:GARFIBRES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Technical Fibres Ltd is involved in the textile business. It provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. The company and its subsidiaries manufacture and sell various products such as ropes, twine, yarn, fishnet, other nets, and technical textiles. Its operating segments are; Synthetic Cordage, and Fibre and Industrial Products and Projects. The maximum revenue is derived from its Synthetic Cordage segment. Geographically, the company caters to both domestic and international markets of which, maximum revenue is generated from international markets through its customers located outside India.
94GF Score
Get the complete analysis for NSE:GARFIBRES
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:GARFIBRES has been successfully added to your 
