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Grindwell NortonNSE:GRINDWELL +0.33%94 Return-on-Tangible-Asset is 13.81% as of Jun. 2026, which is 5% above its 10-year median of 13.13. GuruFocus rates NSE:GRINDWELL with a GF Score™ of 94/100 and a GF Value™ of ₹2,204.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,786 Construction companies, Grindwell Norton ranks better than 92.5% 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. Grindwell Norton's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹4,621 Mil. Grindwell Norton's average total tangible assets for the quarter that ended in Jun. 2026 was ₹33,458 Mil. Therefore, Grindwell Norton's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 13.81%.
The historical rank and industry rank for Grindwell Norton's Return-on-Tangible-Asset or its related term are showing as below:
NSE:GRINDWELL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 10.39 Med: 13.13 Max: 16.36
Current: 13.99
During the past 13 years, Grindwell Norton's highest Return-on-Tangible-Asset was 16.36%. The lowest was 10.39%. And the median was 13.13%.
NSE:GRINDWELL's Return-on-Tangible-Asset is ranked better than 92.5% of 1786
companies
in the Construction industry
Industry Median: 3.09
vs NSE:GRINDWELL: 13.99
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.
Grindwell Norton Return-on-Tangible-Asset Related Terms
Grindwell Norton Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Grindwell Norton'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:GRINDWELL vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Grindwell Norton'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.
Grindwell Norton Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Grindwell Norton's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Grindwell Norton'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 13.81% mean?
Grindwell Norton (NSE:GRINDWELL) has a Return-on-Tangible-Asset of 13.81% 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 Grindwell Norton and its competitors. This is near median its historical median of 13.13. Over the past decade, Grindwell Norton's Return-on-Tangible-Asset has ranged from 10.39 to 16.36. According to the industry distribution chart, Grindwell Norton ranks #134 out of 1786 companies in the Construction industry, placing it in the top 7.5%.
Is Grindwell Norton's Return-on-Tangible-Asset too high?
Grindwell Norton's current Return-on-Tangible-Asset of 13.81% is near median its 10-year median of 13.13. Over the past 10 years, this metric has ranged from a low of 10.39 to a high of 16.36. The Construction industry median Return-on-Tangible-Asset is 3.09. Grindwell Norton's value of 13.81% is 346.9% above this industry median. Based on the distribution chart, Grindwell Norton ranks #134 out of 1786 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Grindwell Norton has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Grindwell Norton's Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Grindwell Norton ranks #134 out of 1786 companies for Return-on-Tangible-Asset. This places Grindwell Norton in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.09. Grindwell Norton's value of 13.81% is 346.9% above this benchmark. Historically, Grindwell Norton's own Return-on-Tangible-Asset has ranged from 10.39 to 16.36 over the past decade. While the company's 10-year median is 13.13 vs. the industry median of 3.09, Grindwell Norton 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 3.09, based on 1,786 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. Grindwell Norton's current Return-on-Tangible-Asset of 13.81% is 346.9% 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 Grindwell Norton and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grindwell Norton's current Return-on-Tangible-Asset is 13.81%, which is near median its own 10-year median of 13.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grindwell Norton stock overvalued right now?
Based on GuruFocus' analysis, Grindwell Norton (NSE:GRINDWELL) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,204.93, compared to a current price of ₹2,059.30 — trading 6.6% below its estimated fair value. The current Return-on-Tangible-Asset is 13.81%, which is near median its 10-year median of 13.13 and 346.9% above the Construction industry median of 3.09. Grindwell Norton's overall GF Score™ is 94/100 with 5 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 Grindwell Norton (NSE:GRINDWELL), the current Return-on-Tangible-Asset is 13.81% 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 Grindwell Norton (NSE:GRINDWELL) Overvalued in 2026?
Based on GuruFocus' analysis, Grindwell Norton stock appears to be undervalued.
The current stock price of ₹2,059.30 is trading 6.6% below its estimated GF Value™ of ₹2,204.93.
GuruFocus considers Grindwell Norton to be Fairly Valued.
Key valuation signals for NSE:GRINDWELL:
Return-on-Tangible-Asset: 13.81% (near median its 10-year median of 13.13)
GF Value™: ₹2,204.93 vs. price of ₹2,059.30 (6.6% below fair value)
Industry Position: 346.9% above the Construction median (#134 of 1786)
No single metric tells the full story. See the NSE:GRINDWELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grindwell Norton Ltd is a company that produces abrasives and ceramics products. The company's businesses are divided into segments: Abrasives, Ceramics and Plastics, Digital Services and Others. The company manufactures various types of abrasives, which include bonded, coated, non-woven, construction, thin wheels, and super abrasives. Grindwell's Ceramics and Plastics division produces silicon carbide, high-temperature refractories, and fused cast ceramics. The silicon carbide products serve as raw materials that are used to create abrasives, and the company's refractories are structures used for processing both ferrous and non-ferrous metals. The company generates the vast majority of its revenue from Ceramics and Plastics division.
94GF Score
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