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Parin EnterprisesNSE:PARIN -0.98%83 Return-on-Tangible-Asset is 3.98% as of Mar. 2026, which is 2% above its 10-year median of 3.91. GuruFocus rates NSE:PARIN with a GF Score™ of 83/100 and a GF Value™ of ₹655.38 (Fairly Valued). The stock has 7 warning signs investors should review. Among 435 Furnishings, Fixtures & Appliances companies, Parin Enterprises ranks better than 55.63% 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. Parin Enterprises's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹76 Mil. Parin Enterprises's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,906 Mil. Therefore, Parin Enterprises's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.98%.
The historical rank and industry rank for Parin Enterprises's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PARIN'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.69 Med: 3.91 Max: 7.48
Current: 3.32
During the past 13 years, Parin Enterprises's highest Return-on-Tangible-Asset was 7.48%. The lowest was 1.69%. And the median was 3.91%.
NSE:PARIN's Return-on-Tangible-Asset is ranked better than 55.63% of 435
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.41
vs NSE:PARIN: 3.32
Parin Enterprises (NSE:PARIN) 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.
Parin Enterprises Return-on-Tangible-Asset Related Terms
Parin Enterprises Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Parin Enterprises'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:PARIN vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Parin Enterprises'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.
Parin Enterprises Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Parin Enterprises's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Parin Enterprises'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 3.98% mean?
Parin Enterprises (NSE:PARIN) has a Return-on-Tangible-Asset of 3.98% 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 Parin Enterprises and its competitors. This is near median its historical median of 3.91. Over the past decade, Parin Enterprises' Return-on-Tangible-Asset has ranged from 1.69 to 7.48. According to the industry distribution chart, Parin Enterprises ranks #193 out of 435 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 44.4%.
Is Parin Enterprises' Return-on-Tangible-Asset too high?
Parin Enterprises' current Return-on-Tangible-Asset of 3.98% is near median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 7.48. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.41. Parin Enterprises' value of 3.98% is 65.1% above this industry median. Based on the distribution chart, Parin Enterprises ranks #193 out of 435 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Parin Enterprises has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Parin Enterprises' Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Parin Enterprises ranks #193 out of 435 companies for Return-on-Tangible-Asset. This puts Parin Enterprises in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.41. Parin Enterprises' value of 3.98% is 65.1% above this benchmark. Historically, Parin Enterprises' own Return-on-Tangible-Asset has ranged from 1.69 to 7.48 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 2.41, Parin Enterprises 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.41, based on 435 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. Parin Enterprises's current Return-on-Tangible-Asset of 3.98% is 65.1% 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 Parin Enterprises and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parin Enterprises's current Return-on-Tangible-Asset is 3.98%, which is near median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parin Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Parin Enterprises (NSE:PARIN) is currently considered Fairly Valued. The stock's GF Value™ is ₹655.38, compared to a current price of ₹707.00 — trading 7.9% above its estimated fair value. The current Return-on-Tangible-Asset is 3.98%, which is near median its 10-year median of 3.91 and 65.1% above the Furnishings, Fixtures & Appliances industry median of 2.41. Parin Enterprises' overall GF Score™ is 83/100 with 7 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 Parin Enterprises (NSE:PARIN), the current Return-on-Tangible-Asset is 3.98% 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 Parin Enterprises (NSE:PARIN) Overvalued in 2026?
Based on GuruFocus' analysis, Parin Enterprises stock appears to be overvalued.
The current stock price of ₹707.00 is trading 7.9% above its estimated GF Value™ of ₹655.38.
GuruFocus considers Parin Enterprises to be Fairly Valued.
Key valuation signals for NSE:PARIN:
Return-on-Tangible-Asset: 3.98% (near median its 10-year median of 3.91)
GF Value™: ₹655.38 vs. price of ₹707.00 (7.9% above fair value)
Industry Position: 65.1% above the Furnishings, Fixtures & Appliances median (#193 of 435)
No single metric tells the full story. See the NSE:PARIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Parin Enterprises Ltd formerly, Parin Furniture Ltd is engaged in manufacturing furniture, fixtures & related items. The company offers home furniture, office furniture, hospital furniture, educational furniture, and Institutional furniture. It generates its revenue from the sale of furniture products and interest income. The company is based in Rajkot with its presence at Rajkot, Ahmedabad, Surat, Mumbai, Kolkata, Junagadh, Mehsana, Kodinar, and Bhubaneshwar. It is spread across a wide area and includes different units such as procurement, designing, quality control, warehousing & packaging, etc.
83GF 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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