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.
The historical rank and industry rank for Indo Rama Synthetics (India)'s Return-on-Tangible-Asset or its related term are showing as below:
NSE:INDORAMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.6 Med: -2.89 Max: 14.1
Current: 4.92
During the past 13 years, Indo Rama Synthetics (India)'s highest Return-on-Tangible-Asset was 14.10%. The lowest was -20.60%. And the median was -2.89%.
NSE:INDORAMA's Return-on-Tangible-Asset is ranked better than 71.23% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs NSE:INDORAMA: 4.92
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 Rama Synthetics (India) Return-on-Tangible-Asset Related Terms
Indo Rama Synthetics (India) 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.
For the Textile Manufacturing subindustry, Indo Rama Synthetics (India)'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 Rama Synthetics (India) Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Rama Synthetics (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Indo Rama Synthetics (India)'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 7.91% mean?
Indo Rama Synthetics (India) (NSE:INDORAMA) has a Return-on-Tangible-Asset of 7.91% 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 Rama Synthetics (India) and its competitors. According to the industry distribution chart, Indo Rama Synthetics (India) ranks #307 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 28.8%.
Is Indo Rama Synthetics (India)'s Return-on-Tangible-Asset too high?
Indo Rama Synthetics (India)'s current Return-on-Tangible-Asset is 7.91%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. Indo Rama Synthetics (India)'s value of 7.91% is 297.5% above this industry median. Based on the distribution chart, Indo Rama Synthetics (India) ranks #307 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Indo Rama Synthetics (India) has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indo Rama Synthetics (India)'s Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Indo Rama Synthetics (India) ranks #307 out of 1067 companies for Return-on-Tangible-Asset. This puts Indo Rama Synthetics (India) in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.99. Indo Rama Synthetics (India)'s value of 7.91% is 297.5% above this benchmark. 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 1.99, based on 1,067 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 Rama Synthetics (India)'s current Return-on-Tangible-Asset of 7.91% is 297.5% 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 Rama Synthetics (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Rama Synthetics (India)'s current Return-on-Tangible-Asset is 7.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Rama Synthetics (India) stock overvalued right now?
Based on GuruFocus' analysis, Indo Rama Synthetics (India) (NSE:INDORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹59.41, compared to a current price of ₹49.83 — trading 16.1% below its estimated fair value. The current Return-on-Tangible-Asset is 7.91% and 297.5% above the Manufacturing - Apparel & Accessories industry median of 1.99. Indo Rama Synthetics (India)'s overall GF Score™ is 67/100 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 Indo Rama Synthetics (India) (NSE:INDORAMA), the current Return-on-Tangible-Asset is 7.91% 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 Indo Rama Synthetics (India) (NSE:INDORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Rama Synthetics (India) stock appears to be undervalued.
The current stock price of ₹49.83 is trading 16.1% below its estimated GF Value™ of ₹59.41.
GuruFocus considers Indo Rama Synthetics (India) to be Modestly Undervalued.
Key valuation signals for NSE:INDORAMA:
Return-on-Tangible-Asset: 7.91%
GF Value™: ₹59.41 vs. price of ₹49.83 (16.1% below fair value)
Industry Position: 297.5% above the Manufacturing - Apparel & Accessories median (#307 of 1067)
No single metric tells the full story. See the NSE:INDORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Rama Synthetics (India) Ltd is a polyester manufacturer. The company offers products such as Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Draw Texturised Yarn (DTY), Fully Drawn Yarn (FDY), Polyester Chips, and Others. Its only operating segment is the manufacturing and trading of Polyester goods. Geographically, it derives a majority of revenue from India and also has a presence in Turkey, Nepal, and Other overseas countries.
67GF Score
Get the complete analysis for NSE:INDORAMA
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:INDORAMA has been successfully added to your 
