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Onix Solar EnergyNSE:ONIXSOLAR -4.99%36 Return-on-Tangible-Asset is 12.75% as of Mar. 2026, which is 306% above its 10-year median of 3.14. GuruFocus rates NSE:ONIXSOLAR with a GF Score™ of 36/100. The stock has 6 warning signs investors should review. Among 1,034 Semiconductors companies, Onix Solar Energy ranks better than 83.37% 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. Onix Solar Energy's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,027 Mil. Onix Solar Energy's average total tangible assets for the quarter that ended in Mar. 2026 was ₹8,054 Mil. Therefore, Onix Solar Energy's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.75%.
The historical rank and industry rank for Onix Solar Energy's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ONIXSOLAR'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -8.43 Med: 3.14 Max: 34.72
Current: 13.62
During the past 13 years, Onix Solar Energy's highest Return-on-Tangible-Asset was 34.72%. The lowest was -8.43%. And the median was 3.14%.
NSE:ONIXSOLAR's Return-on-Tangible-Asset is ranked better than 83.37% of 1034
companies
in the Semiconductors industry
Industry Median: 3.325
vs NSE:ONIXSOLAR: 13.62
Onix Solar Energy (NSE:ONIXSOLAR) 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.
Onix Solar Energy Return-on-Tangible-Asset Related Terms
Onix Solar Energy Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Onix Solar Energy'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:ONIXSOLAR vs : Return-on-Tangible-Asset Comparison
For the Solar subindustry, Onix Solar Energy'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.
Onix Solar Energy Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onix Solar Energy's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Onix Solar Energy'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 12.75% mean?
Onix Solar Energy (NSE:ONIXSOLAR) has a Return-on-Tangible-Asset of 12.75% 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 Onix Solar Energy and its competitors. This is 306% above median its historical median of 3.14. According to the industry distribution chart, Onix Solar Energy ranks #172 out of 1034 companies in the Semiconductors industry, placing it in the top 16.6%.
Is Onix Solar Energy's Return-on-Tangible-Asset too high?
Onix Solar Energy's current Return-on-Tangible-Asset of 12.75% is 306% above median its 10-year median of 3.14. The Semiconductors industry median Return-on-Tangible-Asset is 3.33. Onix Solar Energy's value of 12.75% is 283.5% above this industry median. Based on the distribution chart, Onix Solar Energy ranks #172 out of 1034 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Onix Solar Energy has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Onix Solar Energy's Return-on-Tangible-Asset compare to ?
According to the Semiconductors industry distribution chart, Onix Solar Energy ranks #172 out of 1034 companies for Return-on-Tangible-Asset. This places Onix Solar Energy in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.33. Onix Solar Energy's value of 12.75% is 283.5% above this benchmark. While the company's 10-year median is 3.14 vs. the industry median of 3.33, Onix Solar Energy 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.33, based on 1,034 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. Onix Solar Energy's current Return-on-Tangible-Asset of 12.75% is 283.5% 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 Onix Solar Energy and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onix Solar Energy's current Return-on-Tangible-Asset is 12.75%, which is 306% above median its own 10-year median of 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onix Solar Energy stock overvalued right now?
Onix Solar Energy (NSE:ONIXSOLAR) has a current Return-on-Tangible-Asset of 12.75%. The current Return-on-Tangible-Asset is 12.75%, which is 306% above median its 10-year median of 3.14 and 283.5% above the Semiconductors industry median of 3.33. Onix Solar Energy's overall GF Score™ is 36/100 with 6 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 Onix Solar Energy (NSE:ONIXSOLAR), the current Return-on-Tangible-Asset is 12.75% 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.
Onix Solar Energy Ltd is engaged in the manufacturing of solar panels, delivering high-quality and efficient products to support the renewable energy sector. The company also undertakes the trading of solar modules, ensuring a complete supply chain solution for solar energy products. The company mainly operates in a single segment, i.e., trading in solar panels and other solar-related goods.
36GF Score
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