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Kalyani SteelsNSE:KSL +0.28%78 Return-on-Tangible-Asset is 9.57% as of Mar. 2026, which is 5% below its 10-year median of 10.11. GuruFocus rates NSE:KSL with a GF Score™ of 78/100 and a GF Value™ of ₹765.83 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 634 Steel companies, Kalyani Steels ranks better than 89.27% 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. Kalyani Steels's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,867 Mil. Kalyani Steels's average total tangible assets for the quarter that ended in Mar. 2026 was ₹29,954 Mil. Therefore, Kalyani Steels's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.57%.
The historical rank and industry rank for Kalyani Steels's Return-on-Tangible-Asset or its related term are showing as below:
NSE:KSL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.1 Med: 10.11 Max: 12.63
Current: 9.05
During the past 13 years, Kalyani Steels's highest Return-on-Tangible-Asset was 12.63%. The lowest was 7.10%. And the median was 10.11%.
NSE:KSL's Return-on-Tangible-Asset is ranked better than 89.27% of 634
companies
in the Steel industry
Industry Median: 2.055
vs NSE:KSL: 9.05
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.
Kalyani Steels Return-on-Tangible-Asset Related Terms
Kalyani Steels Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kalyani Steels'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:KSL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Kalyani Steels'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.
Kalyani Steels Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Kalyani Steels's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kalyani Steels'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 9.57% mean?
Kalyani Steels (NSE:KSL) has a Return-on-Tangible-Asset of 9.57% 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 Kalyani Steels and its competitors. This is near median its historical median of 10.11. Over the past decade, Kalyani Steels' Return-on-Tangible-Asset has ranged from 7.10 to 12.63. According to the industry distribution chart, Kalyani Steels ranks #68 out of 634 companies in the Steel industry, placing it in the top 10.7%.
Is Kalyani Steels' Return-on-Tangible-Asset too high?
Kalyani Steels' current Return-on-Tangible-Asset of 9.57% is near median its 10-year median of 10.11. Over the past 10 years, this metric has ranged from a low of 7.10 to a high of 12.63. The Steel industry median Return-on-Tangible-Asset is 2.06. Kalyani Steels' value of 9.57% is 365.7% above this industry median. Based on the distribution chart, Kalyani Steels ranks #68 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kalyani Steels has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kalyani Steels' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Kalyani Steels ranks #68 out of 634 companies for Return-on-Tangible-Asset. This places Kalyani Steels in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.06. Kalyani Steels' value of 9.57% is 365.7% above this benchmark. Historically, Kalyani Steels' own Return-on-Tangible-Asset has ranged from 7.10 to 12.63 over the past decade. While the company's 10-year median is 10.11 vs. the industry median of 2.06, Kalyani Steels 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. Kalyani Steels's current Return-on-Tangible-Asset of 9.57% is 365.7% 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 Kalyani Steels 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. Kalyani Steels's current Return-on-Tangible-Asset is 9.57%, which is near median its own 10-year median of 10.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyani Steels stock overvalued right now?
Based on GuruFocus' analysis, Kalyani Steels (NSE:KSL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹765.83, compared to a current price of ₹888.60 — trading 16% above its estimated fair value. The current Return-on-Tangible-Asset is 9.57%, which is near median its 10-year median of 10.11 and 365.7% above the Steel industry median of 2.06. Kalyani Steels' overall GF Score™ is 78/100 with 9 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 Kalyani Steels (NSE:KSL), the current Return-on-Tangible-Asset is 9.57% 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 Kalyani Steels (NSE:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Kalyani Steels stock appears to be overvalued.
The current stock price of ₹888.60 is trading 16% above its estimated GF Value™ of ₹765.83.
GuruFocus considers Kalyani Steels to be Modestly Overvalued.
Key valuation signals for NSE:KSL:
Return-on-Tangible-Asset: 9.57% (near median its 10-year median of 10.11)
GF Value™: ₹765.83 vs. price of ₹888.60 (16% above fair value)
Industry Position: 365.7% above the Steel median (#68 of 634)
No single metric tells the full story. See the NSE:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.
78GF Score
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