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Jash EngineeringNSE:JASH -1.95%99 Return-on-Tangible-Asset is 27.16% as of Mar. 2026, which is 167% above its 10-year median of 10.18. GuruFocus rates NSE:JASH with a GF Score™ of 99/100 and a GF Value™ of ₹608.98 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,074 Industrial Products companies, Jash Engineering ranks better than 85.82% 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. Jash Engineering's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,224 Mil. Jash Engineering's average total tangible assets for the quarter that ended in Mar. 2026 was ₹8,189 Mil. Therefore, Jash Engineering's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 27.16%.
The historical rank and industry rank for Jash Engineering's Return-on-Tangible-Asset or its related term are showing as below:
NSE:JASH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.19 Med: 10.18 Max: 13.76
Current: 10.07
During the past 13 years, Jash Engineering's highest Return-on-Tangible-Asset was 13.76%. The lowest was 0.19%. And the median was 10.18%.
NSE:JASH's Return-on-Tangible-Asset is ranked better than 85.82% of 3074
companies
in the Industrial Products industry
Industry Median: 3.24
vs NSE:JASH: 10.07
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.
Jash Engineering Return-on-Tangible-Asset Related Terms
Jash Engineering Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Jash Engineering'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:JASH vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Jash Engineering'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.
Jash Engineering Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jash Engineering's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jash Engineering'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 27.16% mean?
Jash Engineering (NSE:JASH) has a Return-on-Tangible-Asset of 27.16% 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 Jash Engineering and its competitors. This is 167% above median its historical median of 10.18. Over the past decade, Jash Engineering's Return-on-Tangible-Asset has ranged from 0.19 to 13.76. According to the industry distribution chart, Jash Engineering ranks #436 out of 3074 companies in the Industrial Products industry, placing it in the top 14.2%.
Is Jash Engineering's Return-on-Tangible-Asset too high?
Jash Engineering's current Return-on-Tangible-Asset of 27.16% is 167% above median its 10-year median of 10.18. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 13.76. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Jash Engineering's value of 27.16% is 738.3% above this industry median. Based on the distribution chart, Jash Engineering ranks #436 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Jash Engineering has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jash Engineering's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Jash Engineering ranks #436 out of 3074 companies for Return-on-Tangible-Asset. This places Jash Engineering in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.24. Jash Engineering's value of 27.16% is 738.3% above this benchmark. Historically, Jash Engineering's own Return-on-Tangible-Asset has ranged from 0.19 to 13.76 over the past decade. While the company's 10-year median is 10.18 vs. the industry median of 3.24, Jash Engineering 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 3.24, based on 3,074 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. Jash Engineering's current Return-on-Tangible-Asset of 27.16% is 738.3% 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 Jash Engineering and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jash Engineering's current Return-on-Tangible-Asset is 27.16%, which is 167% above median its own 10-year median of 10.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jash Engineering stock overvalued right now?
Based on GuruFocus' analysis, Jash Engineering (NSE:JASH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹608.98, compared to a current price of ₹522.00 — trading 14.3% below its estimated fair value. The current Return-on-Tangible-Asset is 27.16%, which is 167% above median its 10-year median of 10.18 and 738.3% above the Industrial Products industry median of 3.24. Jash Engineering's overall GF Score™ is 99/100 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 Jash Engineering (NSE:JASH), the current Return-on-Tangible-Asset is 27.16% 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 Jash Engineering (NSE:JASH) Overvalued in 2026?
Based on GuruFocus' analysis, Jash Engineering stock appears to be undervalued.
The current stock price of ₹522.00 is trading 14.3% below its estimated GF Value™ of ₹608.98.
GuruFocus considers Jash Engineering to be Modestly Undervalued.
Key valuation signals for NSE:JASH:
Return-on-Tangible-Asset: 27.16% (167% above median its 10-year median of 10.18)
GF Value™: ₹608.98 vs. price of ₹522.00 (14.3% below fair value)
Industry Position: 738.3% above the Industrial Products median (#436 of 3074)
No single metric tells the full story. See the NSE:JASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jash Engineering Ltd is an Indian company engaged in the manufacturing and trading of varied engineering products for the general engineering industry, water and wastewater industry, power plants, and bulk solids handling industry. The products of the company include water control gates, mechanized screening systems, screening conveying and washing systems, knife gate valves, water hammer control valves, energy dissipating valves, Archimedes screw pumps, micro-hydro turbines, clarifiers, clarifloculators, flash mixers, and others. Geographically, the company generates maximum revenue from its business outside India through exports, and the rest from its customers within India.
99GF Score
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