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Maharashtra SeamlessNSE:MAHSEAMLES +0.07%82 Return-on-Tangible-Asset is 13.77% as of Jun. 2026, which is 86% above its 10-year median of 7.42. GuruFocus rates NSE:MAHSEAMLES with a GF Score™ of 82/100 and a GF Value™ of ₹622.41 (Fairly Valued). The stock has 5 warning signs investors should review. Among 633 Steel companies, Maharashtra Seamless ranks better than 90.52% 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. Maharashtra Seamless's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹10,656 Mil. Maharashtra Seamless's average total tangible assets for the quarter that ended in Jun. 2026 was ₹77,382 Mil. Therefore, Maharashtra Seamless's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 13.77%.
The historical rank and industry rank for Maharashtra Seamless's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MAHSEAMLES'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.67 Med: 7.42 Max: 15.3
Current: 10.01
During the past 13 years, Maharashtra Seamless's highest Return-on-Tangible-Asset was 15.30%. The lowest was 1.67%. And the median was 7.42%.
NSE:MAHSEAMLES's Return-on-Tangible-Asset is ranked better than 90.52% of 633
companies
in the Steel industry
Industry Median: 2.12
vs NSE:MAHSEAMLES: 10.01
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.
Maharashtra Seamless Return-on-Tangible-Asset Related Terms
Maharashtra Seamless Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Maharashtra Seamless'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:MAHSEAMLES vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Maharashtra Seamless'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.
Maharashtra Seamless Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Maharashtra Seamless's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Maharashtra Seamless'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 13.77% mean?
Maharashtra Seamless (NSE:MAHSEAMLES) has a Return-on-Tangible-Asset of 13.77% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Maharashtra Seamless and its competitors. This is 86% above median its historical median of 7.42. Over the past decade, Maharashtra Seamless' Return-on-Tangible-Asset has ranged from 1.67 to 15.30. According to the industry distribution chart, Maharashtra Seamless ranks #60 out of 633 companies in the Steel industry, placing it in the top 9.5%.
Is Maharashtra Seamless' Return-on-Tangible-Asset too high?
Maharashtra Seamless' current Return-on-Tangible-Asset of 13.77% is 86% above median its 10-year median of 7.42. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 15.30. The Steel industry median Return-on-Tangible-Asset is 2.12. Maharashtra Seamless' value of 13.77% is 549.5% above this industry median. Based on the distribution chart, Maharashtra Seamless ranks #60 out of 633 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Maharashtra Seamless has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maharashtra Seamless' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Maharashtra Seamless ranks #60 out of 633 companies for Return-on-Tangible-Asset. This places Maharashtra Seamless in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.12. Maharashtra Seamless' value of 13.77% is 549.5% above this benchmark. Historically, Maharashtra Seamless' own Return-on-Tangible-Asset has ranged from 1.67 to 15.30 over the past decade. While the company's 10-year median is 7.42 vs. the industry median of 2.12, Maharashtra Seamless 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 2.12, based on 633 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. Maharashtra Seamless's current Return-on-Tangible-Asset of 13.77% is 549.5% 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 Maharashtra Seamless and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maharashtra Seamless's current Return-on-Tangible-Asset is 13.77%, which is 86% above median its own 10-year median of 7.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maharashtra Seamless stock overvalued right now?
Based on GuruFocus' analysis, Maharashtra Seamless (NSE:MAHSEAMLES) is currently considered Fairly Valued. The stock's GF Value™ is ₹622.41, compared to a current price of ₹612.45 — trading 1.6% below its estimated fair value. The current Return-on-Tangible-Asset is 13.77%, which is 86% above median its 10-year median of 7.42 and 549.5% above the Steel industry median of 2.12. Maharashtra Seamless' overall GF Score™ is 82/100 with 5 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 Maharashtra Seamless (NSE:MAHSEAMLES), the current Return-on-Tangible-Asset is 13.77% as of Jun. 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 Maharashtra Seamless (NSE:MAHSEAMLES) Overvalued in 2026?
Based on GuruFocus' analysis, Maharashtra Seamless stock appears to be undervalued.
The current stock price of ₹612.45 is trading 1.6% below its estimated GF Value™ of ₹622.41.
GuruFocus considers Maharashtra Seamless to be Fairly Valued.
Key valuation signals for NSE:MAHSEAMLES:
Return-on-Tangible-Asset: 13.77% (86% above median its 10-year median of 7.42)
GF Value™: ₹622.41 vs. price of ₹612.45 (1.6% below fair value)
Industry Position: 549.5% above the Steel median (#60 of 633)
No single metric tells the full story. See the NSE:MAHSEAMLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of electric resistance welded pipes, which include black and galvanized pipes, and seamless pipes and tubes, which include hot finished, cold drawn, and pilgered pipes. These products are used in various applications and sectors like oil and gas, hydrocarbon, power, agriculture, housing, and infrastructure, among others. The company's operating segments consist of steel pipes and tubes, power-electricity, rig, and others. The majority of its revenue is derived from the steel pipes and tubes segment.
82GF Score
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