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Modern Threads (India)NSE:MODTHREAD -4.74%38 Return-on-Tangible-Asset is 5.76% as of Mar. 2026, which is 27% below its 10-year median of 7.87. GuruFocus rates NSE:MODTHREAD with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Modern Threads (India) ranks better than 72.23% 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. Modern Threads (India)'s annualizedNet Income for the quarter that ended in Mar. 2026 was ₹147 Mil. Modern Threads (India)'s average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,546 Mil. Therefore, Modern Threads (India)'s annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.76%.
The historical rank and industry rank for Modern Threads (India)'s Return-on-Tangible-Asset or its related term are showing as below:
NSE:MODTHREAD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.38 Med: 7.87 Max: 135.88
Current: 5.11
During the past 11 years, Modern Threads (India)'s highest Return-on-Tangible-Asset was 135.88%. The lowest was 1.38%. And the median was 7.87%.
NSE:MODTHREAD's Return-on-Tangible-Asset is ranked better than 72.23% of 1066
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.955
vs NSE:MODTHREAD: 5.11
Modern Threads (India) (NSE:MODTHREAD) 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.
Modern Threads (India) Return-on-Tangible-Asset Related Terms
Modern Threads (India) Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Modern Threads (India)'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.
Modern Threads (India) Return-on-Tangible-Asset Chart
Modern Threads (India) Return-on-Tangible-Asset Competitor Comparison
For the Textile Manufacturing subindustry, Modern Threads (India)'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.
Modern Threads (India) Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Threads (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Modern Threads (India)'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 5.76% mean?
Modern Threads (India) (NSE:MODTHREAD) has a Return-on-Tangible-Asset of 5.76% 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 Modern Threads (India) and its competitors. This is 27% below median its historical median of 7.87. Over the past decade, Modern Threads (India)'s Return-on-Tangible-Asset has ranged from 1.38 to 135.88. According to the industry distribution chart, Modern Threads (India) ranks #296 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 27.8%.
Is Modern Threads (India)'s Return-on-Tangible-Asset too high?
Modern Threads (India)'s current Return-on-Tangible-Asset of 5.76% is 27% below median its 10-year median of 7.87. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 135.88. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.96. Modern Threads (India)'s value of 5.76% is 194.6% above this industry median. Based on the distribution chart, Modern Threads (India) ranks #296 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Modern Threads (India) has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Modern Threads (India)'s Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Modern Threads (India) ranks #296 out of 1066 companies for Return-on-Tangible-Asset. This puts Modern Threads (India) in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.96. Modern Threads (India)'s value of 5.76% is 194.6% above this benchmark. Historically, Modern Threads (India)'s own Return-on-Tangible-Asset has ranged from 1.38 to 135.88 over the past decade. While the company's 10-year median is 7.87 vs. the industry median of 1.96, Modern Threads (India) 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.96, based on 1,066 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. Modern Threads (India)'s current Return-on-Tangible-Asset of 5.76% is 194.6% 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 Modern Threads (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Threads (India)'s current Return-on-Tangible-Asset is 5.76%, which is 27% below median its own 10-year median of 7.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Threads (India) stock overvalued right now?
Modern Threads (India) (NSE:MODTHREAD) has a current Return-on-Tangible-Asset of 5.76%. The current Return-on-Tangible-Asset is 5.76%, which is 27% below median its 10-year median of 7.87 and 194.6% above the Manufacturing - Apparel & Accessories industry median of 1.96. Modern Threads (India)'s overall GF Score™ is 38/100 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 Modern Threads (India) (NSE:MODTHREAD), the current Return-on-Tangible-Asset is 5.76% 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.
Modern Threads (India) Ltd is engaged in the textile industry, manufacturing and selling a diverse products, including worsted yarn, wool tops, wool grease, polyester viscose fiber-dyed yarn, polyester yarn, and lanolin. The company mainly produces worsted yarn, wool tops, and synthetic yarn. Its products are exported to over 25 countries across Europe, Latin America, the Far East, the Middle East, and Africa. Its manufacturing plants are located in Raila and Bhilwara. The company has generated the majority of its revenue from India.
38GF Score
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