Gujarat Mineral DevelopmentNSE:GMDCLTD -1.79%63 Return-on-Tangible-Asset is 10.41% as of Mar. 2026, which is 32% above its 10-year median of 7.86. GuruFocus rates NSE:GMDCLTD with a GF Score™ of 63/100 and a GF Value™ of ₹372.36 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 184 Other Energy Sources companies, Gujarat Mineral Development ranks better than 91.85% 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. Gujarat Mineral Development's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹7,764 Mil. Gujarat Mineral Development's average total tangible assets for the quarter that ended in Mar. 2026 was ₹74,579 Mil. Therefore, Gujarat Mineral Development's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.41%.
The historical rank and industry rank for Gujarat Mineral Development's Return-on-Tangible-Asset or its related term are showing as below:
NSE:GMDCLTD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.77 Med: 7.86 Max: 19.8
Current: 13.21
During the past 13 years, Gujarat Mineral Development's highest Return-on-Tangible-Asset was 19.80%. The lowest was -0.77%. And the median was 7.86%.
NSE:GMDCLTD's Return-on-Tangible-Asset is ranked better than 91.85% of 184
companies
in the Other Energy Sources industry
Industry Median: -0.56
vs NSE:GMDCLTD: 13.21
Gujarat Mineral Development (NSE:GMDCLTD) 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.
Gujarat Mineral Development Return-on-Tangible-Asset Related Terms
Gujarat Mineral Development Return-on-Tangible-Asset Historical Data
* 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.
Gujarat Mineral Development Return-on-Tangible-Asset Chart
Gujarat Mineral Development Return-on-Tangible-Asset Competitor Comparison
For the Thermal Coal subindustry, Gujarat Mineral Development'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.
Gujarat Mineral Development Return-on-Tangible-Asset vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Gujarat Mineral Development's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Gujarat Mineral Development'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 10.41% mean?
Gujarat Mineral Development (NSE:GMDCLTD) has a Return-on-Tangible-Asset of 10.41% 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 Gujarat Mineral Development and its competitors. This is 32% above median its historical median of 7.86. According to the industry distribution chart, Gujarat Mineral Development ranks #15 out of 184 companies in the Other Energy Sources industry, placing it in the top 8.2%.
Is Gujarat Mineral Development's Return-on-Tangible-Asset too high?
Gujarat Mineral Development's current Return-on-Tangible-Asset of 10.41% is 32% above median its 10-year median of 7.86. Based on the distribution chart, Gujarat Mineral Development ranks #15 out of 184 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Gujarat Mineral Development has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Mineral Development's Return-on-Tangible-Asset compare to competitors?
According to the Other Energy Sources industry distribution chart, Gujarat Mineral Development ranks #15 out of 184 companies for Return-on-Tangible-Asset. This places Gujarat Mineral Development in the top 8% of its industry — outperforming the majority of peers. 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 Other Energy Sources company?
A good Return-on-Tangible-Asset depends on the Other Energy Sources industry context. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Gujarat Mineral Development and its competitors. Gujarat Mineral Development's current Return-on-Tangible-Asset is 10.41%, which is 32% above median its own 10-year median of 7.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Mineral Development stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Mineral Development (NSE:GMDCLTD) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹372.36, compared to a current price of ₹586.30 — trading 57.5% above its estimated fair value. The current Return-on-Tangible-Asset is 10.41%, which is 32% above median its 10-year median of 7.86. Gujarat Mineral Development's overall GF Score™ is 63/100 with 2 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 Gujarat Mineral Development (NSE:GMDCLTD), the current Return-on-Tangible-Asset is 10.41% 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 Gujarat Mineral Development (NSE:GMDCLTD) Overvalued in 2026?
Based on GuruFocus' analysis, Gujarat Mineral Development stock appears to be overvalued.
The current stock price of ₹586.30 is trading 57.5% above its estimated GF Value™ of ₹372.36.
GuruFocus considers Gujarat Mineral Development to be Significantly Overvalued.
Key valuation signals for NSE:GMDCLTD:
Return-on-Tangible-Asset: 10.41% (32% above median its 10-year median of 7.86)
GF Value™: ₹372.36 vs. price of ₹586.30 (57.5% above fair value)
No single metric tells the full story. See the NSE:GMDCLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gujarat Mineral Development Corp Ltd is a mineral resource mining company. Its operations include lignite mining, bauxite mining, fluorspar mining, manganese mining, and power generation. The company's segments include Mining and Power. The majority of its revenue is derived from the Mining segment which engages in the mining and sale of manganese, bauxite, limestone, silica sand, and others. Geographically, the company operates only in India.
63GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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