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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.
Indowind EnergyNSE:INDOWIND -1.10%68 Return-on-Tangible-Asset is -11.16% as of Mar. 2026. GuruFocus rates NSE:INDOWIND with a GF Score™ of 68/100 and a GF Value™ of ₹14.42 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 454 Utilities - Independent Power Producers companies, Indowind Energy ranks worse than 220264.1% 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. Indowind Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-298.4 Mil. Indowind Energy's average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,674.2 Mil. Therefore, Indowind Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -11.16%.
The historical rank and industry rank for Indowind Energy's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Indowind Energy's highest Return-on-Tangible-Asset was 2.88%. The lowest was -6.57%. And the median was 0.02%.
NSE:INDOWIND's Return-on-Tangible-Asset is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.165 * Ranked among companies with meaningful Return-on-Tangible-Asset only.
Indowind Energy (NSE:INDOWIND) 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.
Indowind Energy Return-on-Tangible-Asset Related Terms
Indowind Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Indowind Energy'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.
Indowind Energy Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Indowind Energy'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.
Indowind Energy Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Indowind Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Indowind Energy'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 -11.16% mean?
Indowind Energy (NSE:INDOWIND) has a Return-on-Tangible-Asset of -11.16% 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 Indowind Energy and its competitors. According to the industry distribution chart, Indowind Energy ranks #999999 out of 454 companies in the Utilities - Independent Power Producers industry.
Is Indowind Energy's Return-on-Tangible-Asset too high?
Indowind Energy's current Return-on-Tangible-Asset is -11.16%. Based on the distribution chart, Indowind Energy ranks #999999 out of 454 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Indowind Energy has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indowind Energy's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Indowind Energy ranks #999999 out of 454 companies for Return-on-Tangible-Asset. This places Indowind Energy in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.17. 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.17, based on 454 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. 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 Indowind Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indowind Energy's current Return-on-Tangible-Asset is -11.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indowind Energy stock overvalued right now?
Based on GuruFocus' analysis, Indowind Energy (NSE:INDOWIND) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹14.42, compared to a current price of ₹8.98 — trading 37.7% below its estimated fair value. The current Return-on-Tangible-Asset is -11.16%. Indowind Energy's overall GF Score™ is 68/100 with 3 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 Indowind Energy (NSE:INDOWIND), the current Return-on-Tangible-Asset is -11.16% 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 Indowind Energy (NSE:INDOWIND) Overvalued in 2026?
Based on GuruFocus' analysis, Indowind Energy stock appears to be undervalued.
The current stock price of ₹8.98 is trading 37.7% below its estimated GF Value™ of ₹14.42.
GuruFocus considers Indowind Energy to be Significantly Undervalued.
Key valuation signals for NSE:INDOWIND:
Return-on-Tangible-Asset: -11.16%
GF Value™: ₹14.42 vs. price of ₹8.98 (37.7% below fair value)
No single metric tells the full story. See the NSE:INDOWIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indowind Energy Ltd is an independent power producer in the renewable energy field generating green power through dedicated wind farms and also offering allied services in the wind energy sector. It offers the following services to various stakeholders in the power industry - green power sale, project management services, asset management services, and value addition services. The company generates its revenue from the sale of power.
68GF Score
Get the complete analysis for NSE:INDOWIND
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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