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.
ISTNSE:ISTLTD +4.71%61 Return-on-Tangible-Asset is -2.09% as of Mar. 2026. GuruFocus rates NSE:ISTLTD with a GF Score™ of 61/100 and a GF Value™ of ₹954.24 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,334 Vehicles & Parts companies, IST ranks better than 84.18% 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. IST's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-380 Mil. IST's average total tangible assets for the quarter that ended in Mar. 2026 was ₹18,224 Mil. Therefore, IST's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -2.09%.
The historical rank and industry rank for IST's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ISTLTD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.17 Med: 9.79 Max: 15.75
Current: 9.02
During the past 13 years, IST's highest Return-on-Tangible-Asset was 15.75%. The lowest was 7.17%. And the median was 9.79%.
NSE:ISTLTD's Return-on-Tangible-Asset is ranked better than 84.18% of 1334
companies
in the Vehicles & Parts industry
Industry Median: 3.35
vs NSE:ISTLTD: 9.02
IST (NSE:ISTLTD) 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.
IST Return-on-Tangible-Asset Related Terms
IST Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for IST'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:ISTLTD vs : Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, IST'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.
IST Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, IST's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where IST'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 -2.09% mean?
IST (NSE:ISTLTD) has a Return-on-Tangible-Asset of -2.09% 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 IST and its competitors. Over the past decade, IST's Return-on-Tangible-Asset has ranged from 7.17 to 15.75. According to the industry distribution chart, IST ranks #211 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 15.8%.
Is IST's Return-on-Tangible-Asset too high?
IST's current Return-on-Tangible-Asset is -2.09%. Over the past 10 years, this metric has ranged from a low of 7.17 to a high of 15.75. Based on the distribution chart, IST ranks #211 out of 1334 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, IST has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IST's Return-on-Tangible-Asset compare to ?
According to the Vehicles & Parts industry distribution chart, IST ranks #211 out of 1334 companies for Return-on-Tangible-Asset. This places IST in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.35. Historically, IST's own Return-on-Tangible-Asset has ranged from 7.17 to 15.75 over the past decade. 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.35, based on 1,334 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 IST and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IST's current Return-on-Tangible-Asset is -2.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IST stock overvalued right now?
Based on GuruFocus' analysis, IST (NSE:ISTLTD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹954.24, compared to a current price of ₹667.10 — trading 30.1% below its estimated fair value. The current Return-on-Tangible-Asset is -2.09%. IST's overall GF Score™ is 61/100 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 IST (NSE:ISTLTD), the current Return-on-Tangible-Asset is -2.09% 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 IST (NSE:ISTLTD) Overvalued in 2026?
Based on GuruFocus' analysis, IST stock appears to be undervalued.
The current stock price of ₹667.10 is trading 30.1% below its estimated GF Value™ of ₹954.24.
GuruFocus considers IST to be Significantly Undervalued.
Key valuation signals for NSE:ISTLTD:
Return-on-Tangible-Asset: -2.09%
GF Value™: ₹954.24 vs. price of ₹667.10 (30.1% below fair value)
No single metric tells the full story. See the NSE:ISTLTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IST Ltd manufactures high-precision auto components. The company's business segments are based on its principal activities in precision engineering components and assemblies, SEZ development, and trading. Its products include Piston Cooling Nozzles Assembly, Throttle Shaft and Throttle Valve, Carburetor and Automotive Assembly Components, CNG Kit Components, and Tractor and Automotive Assembly Components. The company produces precision turned, milled, and drilled components, as well as stampings for various industries. IST Ltd operates both in India and internationally, with the majority of its revenue generated from the Indian market.
61GF Score
Get the complete analysis for NSE:ISTLTD
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:ISTLTD has been successfully added to your 
