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Prakash PipesNSE:PPL -2.36%83 Return-on-Tangible-Asset is 8.93% as of Mar. 2026, which is 48% below its 10-year median of 17.22. GuruFocus rates NSE:PPL with a GF Score™ of 83/100 and a GF Value™ of ₹424.17 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,783 Construction companies, Prakash Pipes ranks better than 76.05% 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. Prakash Pipes's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹539 Mil. Prakash Pipes's average total tangible assets for the quarter that ended in Mar. 2026 was ₹6,039 Mil. Therefore, Prakash Pipes's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.93%.
The historical rank and industry rank for Prakash Pipes's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PPL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.32 Med: 17.22 Max: 40.63
Current: 7.45
During the past 9 years, Prakash Pipes's highest Return-on-Tangible-Asset was 40.63%. The lowest was 7.32%. And the median was 17.22%.
NSE:PPL's Return-on-Tangible-Asset is ranked better than 76.05% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs NSE:PPL: 7.45
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.
Prakash Pipes Return-on-Tangible-Asset Related Terms
Prakash Pipes Return-on-Tangible-Asset Historical Data
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The historical data trend for Prakash Pipes'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:PPL vs TT, JCI, CARR: Return-on-Tangible-Asset Comparison
For the Building Products & Equipment subindustry, Prakash Pipes'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.
Prakash Pipes Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, Prakash Pipes's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Prakash Pipes'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 8.93% mean?
Prakash Pipes (NSE:PPL) has a Return-on-Tangible-Asset of 8.93% 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 Prakash Pipes and its competitors. This is 48% below median its historical median of 17.22. Over the past decade, Prakash Pipes' Return-on-Tangible-Asset has ranged from 7.32 to 40.63. According to the industry distribution chart, Prakash Pipes ranks #427 out of 1783 companies in the Construction industry, placing it in the top 23.9%.
Is Prakash Pipes' Return-on-Tangible-Asset too high?
Prakash Pipes' current Return-on-Tangible-Asset of 8.93% is 48% below median its 10-year median of 17.22. Over the past 10 years, this metric has ranged from a low of 7.32 to a high of 40.63. The Construction industry median Return-on-Tangible-Asset is 3.05. Prakash Pipes' value of 8.93% is 192.8% above this industry median. Based on the distribution chart, Prakash Pipes ranks #427 out of 1783 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Prakash Pipes has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Prakash Pipes' Return-on-Tangible-Asset compare to TT and JCI?
According to the Construction industry distribution chart, Prakash Pipes ranks #427 out of 1783 companies for Return-on-Tangible-Asset. This places Prakash Pipes in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.05. Prakash Pipes' value of 8.93% is 192.8% above this benchmark. Historically, Prakash Pipes' own Return-on-Tangible-Asset has ranged from 7.32 to 40.63 over the past decade. While the company's 10-year median is 17.22 vs. the industry median of 3.05, Prakash Pipes 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. Prakash Pipes's current Return-on-Tangible-Asset of 8.93% is 192.8% 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 Prakash Pipes and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prakash Pipes's current Return-on-Tangible-Asset is 8.93%, which is 48% below median its own 10-year median of 17.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prakash Pipes stock overvalued right now?
Based on GuruFocus' analysis, Prakash Pipes (NSE:PPL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹424.17, compared to a current price of ₹266.60 — trading 37.1% below its estimated fair value. The current Return-on-Tangible-Asset is 8.93%, which is 48% below median its 10-year median of 17.22 and 192.8% above the Construction industry median of 3.05. Prakash Pipes' 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 Prakash Pipes (NSE:PPL), the current Return-on-Tangible-Asset is 8.93% 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 Prakash Pipes (NSE:PPL) Overvalued in 2026?
Based on GuruFocus' analysis, Prakash Pipes stock appears to be undervalued.
The current stock price of ₹266.60 is trading 37.1% below its estimated GF Value™ of ₹424.17.
GuruFocus considers Prakash Pipes to be Possible Value Trap.
Key valuation signals for NSE:PPL:
Return-on-Tangible-Asset: 8.93% (48% below median its 10-year median of 17.22)
GF Value™: ₹424.17 vs. price of ₹266.60 (37.1% below fair value)
Industry Position: 192.8% above the Construction median (#427 of 1783)
No single metric tells the full story. See the NSE:PPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prakash Pipes Ltd is engaged in the manufacture of PVC pipes and fittings. It offers products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes, and their related Fittings. Its segments are PVC Pipe and fittings, and Flexible Packaging. It generates the majority of its revenue from PVC Pipe and fittings.
83GF Score
Get the complete analysis for NSE:PPL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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