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Manav infra projectsNSE:MANAV +4.92%78 Return-on-Tangible-Asset is 31.67% as of Mar. 2026, which is 378% above its 10-year median of 6.62. GuruFocus rates NSE:MANAV with a GF Score™ of 78/100 and a GF Value™ of ₹29.19 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,786 Construction companies, Manav infra projects ranks better than 94.29% 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. Manav infra projects's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹72.2 Mil. Manav infra projects's average total tangible assets for the quarter that ended in Mar. 2026 was ₹228.1 Mil. Therefore, Manav infra projects's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 31.67%.
The historical rank and industry rank for Manav infra projects's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MANAV'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -37.25 Med: 6.62 Max: 19.6
Current: 15.84
During the past 13 years, Manav infra projects's highest Return-on-Tangible-Asset was 19.60%. The lowest was -37.25%. And the median was 6.62%.
NSE:MANAV's Return-on-Tangible-Asset is ranked better than 94.29% of 1786
companies
in the Construction industry
Industry Median: 3.055
vs NSE:MANAV: 15.84
Manav infra projects (NSE:MANAV) 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.
Manav infra projects Return-on-Tangible-Asset Related Terms
Manav infra projects Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Manav infra projects'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.
Manav infra projects Return-on-Tangible-Asset Chart
NSE:MANAV vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, Manav infra projects'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.
Manav infra projects Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Manav infra projects's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Manav infra projects'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 31.67% mean?
Manav infra projects (NSE:MANAV) has a Return-on-Tangible-Asset of 31.67% 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 Manav infra projects and its competitors. This is 378% above median its historical median of 6.62. According to the industry distribution chart, Manav infra projects ranks #102 out of 1786 companies in the Construction industry, placing it in the top 5.7%.
Is Manav infra projects' Return-on-Tangible-Asset too high?
Manav infra projects' current Return-on-Tangible-Asset of 31.67% is 378% above median its 10-year median of 6.62. The Construction industry median Return-on-Tangible-Asset is 3.06. Manav infra projects' value of 31.67% is 936.7% above this industry median. Based on the distribution chart, Manav infra projects ranks #102 out of 1786 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Manav infra projects has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manav infra projects' Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, Manav infra projects ranks #102 out of 1786 companies for Return-on-Tangible-Asset. This places Manav infra projects in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.06. Manav infra projects' value of 31.67% is 936.7% above this benchmark. While the company's 10-year median is 6.62 vs. the industry median of 3.06, Manav infra projects 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.06, based on 1,786 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. Manav infra projects's current Return-on-Tangible-Asset of 31.67% is 936.7% 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 Manav infra projects and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manav infra projects's current Return-on-Tangible-Asset is 31.67%, which is 378% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manav infra projects stock overvalued right now?
Based on GuruFocus' analysis, Manav infra projects (NSE:MANAV) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹29.19, compared to a current price of ₹23.45 — trading 19.7% below its estimated fair value. The current Return-on-Tangible-Asset is 31.67%, which is 378% above median its 10-year median of 6.62 and 936.7% above the Construction industry median of 3.06. Manav infra projects' overall GF Score™ is 78/100 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 Manav infra projects (NSE:MANAV), the current Return-on-Tangible-Asset is 31.67% 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 Manav infra projects (NSE:MANAV) Overvalued in 2026?
Based on GuruFocus' analysis, Manav infra projects stock appears to be undervalued.
The current stock price of ₹23.45 is trading 19.7% below its estimated GF Value™ of ₹29.19.
GuruFocus considers Manav infra projects to be Modestly Undervalued.
Key valuation signals for NSE:MANAV:
Return-on-Tangible-Asset: 31.67% (378% above median its 10-year median of 6.62)
GF Value™: ₹29.19 vs. price of ₹23.45 (19.7% below fair value)
Industry Position: 936.7% above the Construction median (#102 of 1786)
No single metric tells the full story. See the NSE:MANAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manav infra projects Ltd is s engaged in infrastructure Development, Infrastructure projects, works Contracts, Site preparation and Clearance services to Real estate sector. It involves civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work and others.
78GF 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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