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JTL IndustriesNSE:JTLIND -0.93%95 Return-on-Tangible-Asset is 6.90% as of Mar. 2026, which is 44% below its 10-year median of 12.38. GuruFocus rates NSE:JTLIND with a GF Score™ of 95/100 and a GF Value™ of ₹119.43 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 634 Steel companies, JTL Industries ranks better than 78.71% 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. JTL Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,377 Mil. JTL Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹19,963 Mil. Therefore, JTL Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.90%.
The historical rank and industry rank for JTL Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:JTLIND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.5 Med: 12.38 Max: 22.26
Current: 6.08
During the past 13 years, JTL Industries's highest Return-on-Tangible-Asset was 22.26%. The lowest was 3.50%. And the median was 12.38%.
NSE:JTLIND's Return-on-Tangible-Asset is ranked better than 78.71% of 634
companies
in the Steel industry
Industry Median: 2.055
vs NSE:JTLIND: 6.08
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.
JTL Industries Return-on-Tangible-Asset Related Terms
JTL Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for JTL Industries'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:JTLIND vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, JTL Industries'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.
JTL Industries Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, JTL Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JTL Industries'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 6.90% mean?
JTL Industries (NSE:JTLIND) has a Return-on-Tangible-Asset of 6.90% 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 JTL Industries and its competitors. This is 44% below median its historical median of 12.38. Over the past decade, JTL Industries' Return-on-Tangible-Asset has ranged from 3.50 to 22.26. According to the industry distribution chart, JTL Industries ranks #135 out of 634 companies in the Steel industry, placing it in the top 21.3%.
Is JTL Industries' Return-on-Tangible-Asset too high?
JTL Industries' current Return-on-Tangible-Asset of 6.90% is 44% below median its 10-year median of 12.38. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 22.26. The Steel industry median Return-on-Tangible-Asset is 2.06. JTL Industries' value of 6.90% is 235.8% above this industry median. Based on the distribution chart, JTL Industries ranks #135 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, JTL Industries has a GF Score™ of 95/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JTL Industries' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, JTL Industries ranks #135 out of 634 companies for Return-on-Tangible-Asset. This places JTL Industries in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. JTL Industries' value of 6.90% is 235.8% above this benchmark. Historically, JTL Industries' own Return-on-Tangible-Asset has ranged from 3.50 to 22.26 over the past decade. While the company's 10-year median is 12.38 vs. the industry median of 2.06, JTL Industries 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 a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 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. JTL Industries's current Return-on-Tangible-Asset of 6.90% is 235.8% 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 JTL Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JTL Industries's current Return-on-Tangible-Asset is 6.90%, which is 44% below median its own 10-year median of 12.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JTL Industries stock overvalued right now?
Based on GuruFocus' analysis, JTL Industries (NSE:JTLIND) is currently considered Possible Value Trap. The stock's GF Value™ is ₹119.43, compared to a current price of ₹78.13 — trading 34.6% below its estimated fair value. The current Return-on-Tangible-Asset is 6.90%, which is 44% below median its 10-year median of 12.38 and 235.8% above the Steel industry median of 2.06. JTL Industries' overall GF Score™ is 95/100 with 6 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 JTL Industries (NSE:JTLIND), the current Return-on-Tangible-Asset is 6.90% 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 JTL Industries (NSE:JTLIND) Overvalued in 2026?
Based on GuruFocus' analysis, JTL Industries stock appears to be undervalued.
The current stock price of ₹78.13 is trading 34.6% below its estimated GF Value™ of ₹119.43.
GuruFocus considers JTL Industries to be Possible Value Trap.
Key valuation signals for NSE:JTLIND:
Return-on-Tangible-Asset: 6.90% (44% below median its 10-year median of 12.38)
GF Value™: ₹119.43 vs. price of ₹78.13 (34.6% below fair value)
Industry Position: 235.8% above the Steel median (#135 of 634)
No single metric tells the full story. See the NSE:JTLIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JTL Industries Ltd operates in the metal industry. The company manufactures and is involved in galvanized ERW Steel Pipes and Tubes, hollow sections, and structural steel extensively used in engineering and construction projects. The Company's business operations predominantly relate to the manufacture of a single product, i.e., ERW pipes for selling world wide. The company has a pan-India presence and is globally present in serving continents. It derives maximum revenue from India.
95GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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