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.
Indo Tech TransformersNSE:INDOTECH +1.95%74 Return-on-Tangible-Asset is 17.30% as of Mar. 2026, which is 285% above its 10-year median of 4.49. GuruFocus rates NSE:INDOTECH with a GF Score™ of 74/100 and a GF Value™ of ₹2,181.48 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,078 Industrial Products companies, Indo Tech Transformers ranks better than 96.56% 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 Tech Transformers's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹957 Mil. Indo Tech Transformers's average total tangible assets for the quarter that ended in Mar. 2026 was ₹5,531 Mil. Therefore, Indo Tech Transformers's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.30%.
The historical rank and industry rank for Indo Tech Transformers's Return-on-Tangible-Asset or its related term are showing as below:
NSE:INDOTECH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.53 Med: 4.49 Max: 18.77
Current: 18.58
During the past 13 years, Indo Tech Transformers's highest Return-on-Tangible-Asset was 18.77%. The lowest was -5.53%. And the median was 4.49%.
NSE:INDOTECH's Return-on-Tangible-Asset is ranked better than 96.56% of 3078
companies
in the Industrial Products industry
Industry Median: 3.26
vs NSE:INDOTECH: 18.58
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 Tech Transformers Return-on-Tangible-Asset Related Terms
Indo Tech Transformers Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Indo Tech Transformers'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:INDOTECH vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Indo Tech Transformers'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 Tech Transformers Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Indo Tech Transformers's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Indo Tech Transformers'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 17.30% mean?
Indo Tech Transformers (NSE:INDOTECH) has a Return-on-Tangible-Asset of 17.30% 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 Tech Transformers and its competitors. This is 285% above median its historical median of 4.49. According to the industry distribution chart, Indo Tech Transformers ranks #106 out of 3078 companies in the Industrial Products industry, placing it in the top 3.4%.
Is Indo Tech Transformers' Return-on-Tangible-Asset too high?
Indo Tech Transformers' current Return-on-Tangible-Asset of 17.30% is 285% above median its 10-year median of 4.49. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Indo Tech Transformers' value of 17.30% is 430.7% above this industry median. Based on the distribution chart, Indo Tech Transformers ranks #106 out of 3078 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Tech Transformers has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Tech Transformers' Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Indo Tech Transformers ranks #106 out of 3078 companies for Return-on-Tangible-Asset. This places Indo Tech Transformers in the top 3% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Indo Tech Transformers' value of 17.30% is 430.7% above this benchmark. While the company's 10-year median is 4.49 vs. the industry median of 3.26, Indo Tech Transformers 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. Indo Tech Transformers's current Return-on-Tangible-Asset of 17.30% is 430.7% 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 Tech Transformers 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. Indo Tech Transformers's current Return-on-Tangible-Asset is 17.30%, which is 285% above median its own 10-year median of 4.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Tech Transformers stock overvalued right now?
Based on GuruFocus' analysis, Indo Tech Transformers (NSE:INDOTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹2,181.48, compared to a current price of ₹3,453.80 — trading 58.3% above its estimated fair value. The current Return-on-Tangible-Asset is 17.30%, which is 285% above median its 10-year median of 4.49 and 430.7% above the Industrial Products industry median of 3.26. Indo Tech Transformers' overall GF Score™ is 74/100 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 Tech Transformers (NSE:INDOTECH), the current Return-on-Tangible-Asset is 17.30% 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 Tech Transformers (NSE:INDOTECH) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Tech Transformers stock appears to be overvalued.
The current stock price of ₹3,453.80 is trading 58.3% above its estimated GF Value™ of ₹2,181.48.
GuruFocus considers Indo Tech Transformers to be Significantly Overvalued.
Key valuation signals for NSE:INDOTECH:
Return-on-Tangible-Asset: 17.30% (285% above median its 10-year median of 4.49)
GF Value™: ₹2,181.48 vs. price of ₹3,453.80 (58.3% above fair value)
Industry Position: 430.7% above the Industrial Products median (#106 of 3078)
No single metric tells the full story. See the NSE:INDOTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.
74GF Score
Get the complete analysis for NSE:INDOTECH
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:INDOTECH has been successfully added to your 
