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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. MSP Steel & Power's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹3,408 Mil. MSP Steel & Power's average total tangible assets for the quarter that ended in Mar. 2026 was ₹17,249 Mil. Therefore, MSP Steel & Power's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 19.76%.
The historical rank and industry rank for MSP Steel & Power's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MSPL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.26 Med: -1.49 Max: 2.13
Current: 2.13
During the past 13 years, MSP Steel & Power's highest Return-on-Tangible-Asset was 2.13%. The lowest was -5.26%. And the median was -1.49%.
NSE:MSPL's Return-on-Tangible-Asset is ranked better than 50.63% of 634
companies
in the Steel industry
Industry Median: 2.055
vs NSE:MSPL: 2.13
MSP Steel & Power (NSE:MSPL) 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.
MSP Steel & Power Return-on-Tangible-Asset Related Terms
MSP Steel & Power Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MSP Steel & Power'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:MSPL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, MSP Steel & Power'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.
MSP Steel & Power Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, MSP Steel & Power's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MSP Steel & Power'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 19.76% mean?
MSP Steel & Power (NSE:MSPL) has a Return-on-Tangible-Asset of 19.76% 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 MSP Steel & Power and its competitors. According to the industry distribution chart, MSP Steel & Power ranks #313 out of 634 companies in the Steel industry, placing it in the top 49.4%.
Is MSP Steel & Power's Return-on-Tangible-Asset too high?
MSP Steel & Power's current Return-on-Tangible-Asset is 19.76%. The Steel industry median Return-on-Tangible-Asset is 2.06. MSP Steel & Power's value of 19.76% is 861.6% above this industry median. Based on the distribution chart, MSP Steel & Power ranks #313 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, MSP Steel & Power has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MSP Steel & Power's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, MSP Steel & Power ranks #313 out of 634 companies for Return-on-Tangible-Asset. This puts MSP Steel & Power in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.06. MSP Steel & Power's value of 19.76% is 861.6% above this benchmark. 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. MSP Steel & Power's current Return-on-Tangible-Asset of 19.76% is 861.6% 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 MSP Steel & Power 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. MSP Steel & Power's current Return-on-Tangible-Asset is 19.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSP Steel & Power stock overvalued right now?
Based on GuruFocus' analysis, MSP Steel & Power (NSE:MSPL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹21.15, compared to a current price of ₹36.14 — trading 70.9% above its estimated fair value. The current Return-on-Tangible-Asset is 19.76% and 861.6% above the Steel industry median of 2.06. MSP Steel & Power's overall GF Score™ is 55/100 with 2 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 MSP Steel & Power (NSE:MSPL), the current Return-on-Tangible-Asset is 19.76% 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.
Is MSP Steel & Power (NSE:MSPL) Overvalued in 2026?
Based on GuruFocus' analysis, MSP Steel & Power stock appears to be overvalued.
The current stock price of ₹36.14 is trading 70.9% above its estimated GF Value™ of ₹21.15.
GuruFocus considers MSP Steel & Power to be Significantly Overvalued.
Key valuation signals for NSE:MSPL:
Return-on-Tangible-Asset: 19.76%
GF Value™: ₹21.15 vs. price of ₹36.14 (70.9% above fair value)
Industry Position: 861.6% above the Steel median (#313 of 634)
No single metric tells the full story. See the NSE:MSPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.
55GF Score
Get the complete analysis for NSE:MSPL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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