Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Mittal Life StyleNSE:MITTAL -2.17%41 Return-on-Tangible-Asset is 1.77% as of Mar. 2026, which is 53% below its 10-year median of 3.79. GuruFocus rates NSE:MITTAL with a GF Score™ of 41/100. The stock has 3 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Mittal Life Style ranks better than 56.31% 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. Mittal Life Style's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹18.3 Mil. Mittal Life Style's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,036.3 Mil. Therefore, Mittal Life Style's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.77%.
The historical rank and industry rank for Mittal Life Style's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MITTAL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.78 Med: 3.79 Max: 6.24
Current: 2.75
During the past 13 years, Mittal Life Style's highest Return-on-Tangible-Asset was 6.24%. The lowest was 0.78%. And the median was 3.79%.
NSE:MITTAL's Return-on-Tangible-Asset is ranked better than 56.31% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2
vs NSE:MITTAL: 2.75
Mittal Life Style (NSE:MITTAL) 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.
Mittal Life Style Return-on-Tangible-Asset Related Terms
Mittal Life Style Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mittal Life Style'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.
Mittal Life Style Return-on-Tangible-Asset Competitor Comparison
For the Textile Manufacturing subindustry, Mittal Life Style'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.
Mittal Life Style Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mittal Life Style's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mittal Life Style'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 1.77% mean?
Mittal Life Style (NSE:MITTAL) has a Return-on-Tangible-Asset of 1.77% 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 Mittal Life Style and its competitors. This is 53% below median its historical median of 3.79. Over the past decade, Mittal Life Style's Return-on-Tangible-Asset has ranged from 0.78 to 6.24. According to the industry distribution chart, Mittal Life Style ranks #467 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 43.7%.
Is Mittal Life Style's Return-on-Tangible-Asset too high?
Mittal Life Style's current Return-on-Tangible-Asset of 1.77% is 53% below median its 10-year median of 3.79. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 6.24. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.00. Mittal Life Style's value of 1.77% is 11.5% below this industry median. Based on the distribution chart, Mittal Life Style ranks #467 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Mittal Life Style has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Mittal Life Style's Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mittal Life Style ranks #467 out of 1069 companies for Return-on-Tangible-Asset. This puts Mittal Life Style in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.00. Mittal Life Style's value of 1.77% is 11.5% below this benchmark. Historically, Mittal Life Style's own Return-on-Tangible-Asset has ranged from 0.78 to 6.24 over the past decade. While the company's 10-year median is 3.79 vs. the industry median of 2.00, Mittal Life Style has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.00, based on 1,069 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. Mittal Life Style's current Return-on-Tangible-Asset of 1.77% is 11.5% below 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 Mittal Life Style and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mittal Life Style's current Return-on-Tangible-Asset is 1.77%, which is 53% below median its own 10-year median of 3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mittal Life Style stock overvalued right now?
Mittal Life Style (NSE:MITTAL) has a current Return-on-Tangible-Asset of 1.77%. The current Return-on-Tangible-Asset is 1.77%, which is 53% below median its 10-year median of 3.79 and 11.5% below the Manufacturing - Apparel & Accessories industry median of 2.00. Mittal Life Style's overall GF Score™ is 41/100 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 Mittal Life Style (NSE:MITTAL), the current Return-on-Tangible-Asset is 1.77% 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.
Mittal Life Style Ltd operates in the textile industry. It is operating as the preferred supplier of denim and garment products. Dealing in supply of Bottom weight Fabrics & Denims is the principal business activity of the Company. It supplies fashion fabrics, cotton canvas denim, dupion bottom fabrics, polyester fabrics, cotton fabric, knit fabric and among other products.
41GF Score
Get the complete analysis for NSE:MITTAL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:MITTAL has been successfully added to your 
