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Harsha Engineers InternationalNSE:HARSHA -3.06%86 Return-on-Tangible-Asset is 9.35% as of Mar. 2026, which is 20% above its 10-year median of 7.78. GuruFocus rates NSE:HARSHA with a GF Score™ of 86/100 and a GF Value™ of ₹503.94 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,078 Industrial Products companies, Harsha Engineers International ranks better than 80.31% on this metric.
The historical rank and industry rank for Harsha Engineers International's Return-on-Tangible-Asset or its related term are showing as below:
NSE:HARSHA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.43 Med: 7.78 Max: 10.03
Current: 8.47
During the past 7 years, Harsha Engineers International's highest Return-on-Tangible-Asset was 10.03%. The lowest was 2.43%. And the median was 7.78%.
NSE:HARSHA's Return-on-Tangible-Asset is ranked better than 80.31% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs NSE:HARSHA: 8.47
Harsha Engineers International (NSE:HARSHA) 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.
Harsha Engineers International Return-on-Tangible-Asset Related Terms
Harsha Engineers International 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.
Harsha Engineers International Return-on-Tangible-Asset Chart
NSE:HARSHA vs SNA, RBC, SWK: Return-on-Tangible-Asset Comparison
For the Tools & Accessories subindustry, Harsha Engineers 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.
Harsha Engineers International Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harsha Engineers International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Harsha Engineers 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.35% mean?
Harsha Engineers International (NSE:HARSHA) has a Return-on-Tangible-Asset of 9.35% 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 Harsha Engineers International and its competitors. This is 20% above median its historical median of 7.78. Over the past decade, Harsha Engineers International's Return-on-Tangible-Asset has ranged from 2.43 to 10.03. According to the industry distribution chart, Harsha Engineers International ranks #606 out of 3078 companies in the Industrial Products industry, placing it in the top 19.7%.
Is Harsha Engineers International's Return-on-Tangible-Asset too high?
Harsha Engineers International's current Return-on-Tangible-Asset of 9.35% is 20% above median its 10-year median of 7.78. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 10.03. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Harsha Engineers International's value of 9.35% is 186.8% above this industry median. Based on the distribution chart, Harsha Engineers International ranks #606 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Harsha Engineers International has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harsha Engineers International's Return-on-Tangible-Asset compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Harsha Engineers International ranks #606 out of 3078 companies for Return-on-Tangible-Asset. This places Harsha Engineers International in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Harsha Engineers International's value of 9.35% is 186.8% above this benchmark. Historically, Harsha Engineers International's own Return-on-Tangible-Asset has ranged from 2.43 to 10.03 over the past decade. While the company's 10-year median is 7.78 vs. the industry median of 3.26, Harsha Engineers 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,078 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. Harsha Engineers International's current Return-on-Tangible-Asset of 9.35% is 186.8% 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 Harsha Engineers International and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harsha Engineers International's current Return-on-Tangible-Asset is 9.35%, which is 20% above median its own 10-year median of 7.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harsha Engineers International stock overvalued right now?
Based on GuruFocus' analysis, Harsha Engineers International (NSE:HARSHA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹503.94, compared to a current price of ₹398.05 — trading 21% below its estimated fair value. The current Return-on-Tangible-Asset is 9.35%, which is 20% above median its 10-year median of 7.78 and 186.8% above the Industrial Products industry median of 3.26. Harsha Engineers International's overall GF Score™ is 86/100 with 4 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 Harsha Engineers International (NSE:HARSHA), the current Return-on-Tangible-Asset is 9.35% 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 Harsha Engineers International (NSE:HARSHA) Overvalued in 2026?
Based on GuruFocus' analysis, Harsha Engineers International stock appears to be undervalued.
The current stock price of ₹398.05 is trading 21% below its estimated GF Value™ of ₹503.94.
GuruFocus considers Harsha Engineers International to be Modestly Undervalued.
Key valuation signals for NSE:HARSHA:
Return-on-Tangible-Asset: 9.35% (20% above median its 10-year median of 7.78)
GF Value™: ₹503.94 vs. price of ₹398.05 (21% below fair value)
Industry Position: 186.8% above the Industrial Products median (#606 of 3078)
No single metric tells the full story. See the NSE:HARSHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harsha Engineers International Ltd is a manufacturer of precision bearing cages. The company supplies its products to customers covering five continents such as North America, Europe, Asia, South America, and Africa. It comprises two segments: Engineering business, under which the company manufactures bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, welded assemblies and brass castings and cages & bronze bushings: and Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.
86GF Score
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