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Indo Farm EquipmentNSE:INDOFARM -3.05%37 Return-on-Tangible-Asset is 4.58% as of Mar. 2026, which is 85% above its 10-year median of 2.48. GuruFocus rates NSE:INDOFARM with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 212 Farm & Heavy Construction Machinery companies, Indo Farm Equipment ranks better than 85.38% 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. Indo Farm Equipment's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹349 Mil. Indo Farm Equipment's average total tangible assets for the quarter that ended in Mar. 2026 was ₹7,615 Mil. Therefore, Indo Farm Equipment's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.58%.
The historical rank and industry rank for Indo Farm Equipment's Return-on-Tangible-Asset or its related term are showing as below:
NSE:INDOFARM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.55 Med: 2.48 Max: 9.77
Current: 9.77
During the past 6 years, Indo Farm Equipment's highest Return-on-Tangible-Asset was 9.77%. The lowest was 1.55%. And the median was 2.48%.
NSE:INDOFARM's Return-on-Tangible-Asset is ranked better than 85.38% of 212
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.925
vs NSE:INDOFARM: 9.77
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.
Indo Farm Equipment Return-on-Tangible-Asset Related Terms
Indo Farm Equipment Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Indo Farm Equipment'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:INDOFARM vs CAT, DE, PCAR: Return-on-Tangible-Asset Comparison
For the Farm & Heavy Construction Machinery subindustry, Indo Farm Equipment'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.
Indo Farm Equipment Return-on-Tangible-Asset vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Indo Farm Equipment's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Indo Farm Equipment'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 4.58% mean?
Indo Farm Equipment (NSE:INDOFARM) has a Return-on-Tangible-Asset of 4.58% 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 Indo Farm Equipment and its competitors. This is 85% above median its historical median of 2.48. Over the past decade, Indo Farm Equipment's Return-on-Tangible-Asset has ranged from 1.55 to 9.77. According to the industry distribution chart, Indo Farm Equipment ranks #31 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 14.6%.
Is Indo Farm Equipment's Return-on-Tangible-Asset too high?
Indo Farm Equipment's current Return-on-Tangible-Asset of 4.58% is 85% above median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 9.77. The Farm & Heavy Construction Machinery industry median Return-on-Tangible-Asset is 3.93. Indo Farm Equipment's value of 4.58% is 16.7% above this industry median. Based on the distribution chart, Indo Farm Equipment ranks #31 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Farm Equipment has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Indo Farm Equipment's Return-on-Tangible-Asset compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Indo Farm Equipment ranks #31 out of 212 companies for Return-on-Tangible-Asset. This places Indo Farm Equipment in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.93. Indo Farm Equipment's value of 4.58% is 16.7% above this benchmark. Historically, Indo Farm Equipment's own Return-on-Tangible-Asset has ranged from 1.55 to 9.77 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 3.93, Indo Farm Equipment 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 Farm & Heavy Construction Machinery company?
The median Return-on-Tangible-Asset among Farm & Heavy Construction Machinery companies is 3.93, based on 212 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. Indo Farm Equipment's current Return-on-Tangible-Asset of 4.58% is 16.7% 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 Indo Farm Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median Return-on-Tangible-Asset is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Farm Equipment's current Return-on-Tangible-Asset is 4.58%, which is 85% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Farm Equipment stock overvalued right now?
Indo Farm Equipment (NSE:INDOFARM) has a current Return-on-Tangible-Asset of 4.58%. The current Return-on-Tangible-Asset is 4.58%, which is 85% above median its 10-year median of 2.48 and 16.7% above the Farm & Heavy Construction Machinery industry median of 3.93. Indo Farm Equipment's overall GF Score™ is 37/100 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 Indo Farm Equipment (NSE:INDOFARM), the current Return-on-Tangible-Asset is 4.58% 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.
Indo Farm Equipment Ltd is a fully integrated established manufacturer of Tractors and Pick & Carry Cranes. It also deals in other farm equipment such as Harvester Combines, Rotavators, and other related spares & components. Its facilities are equipped with induction furnaces, pneumatic molding machines, automatic molding line, a sand plant, a fully equipped Metallurgy and Sand Testing Laboratory, a Machining Center, a Gear Shop, a Press Shop, Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room.
37GF Score
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