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Pushpa JewellersNSE:PUSHPA -0.87%18 Return-on-Tangible-Asset is 22.12% as of Mar. 2026, which is 22% below its 10-year median of 28.32. GuruFocus rates NSE:PUSHPA with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,139 Retail - Cyclical companies, Pushpa Jewellers ranks better than 83.49% 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. Pushpa Jewellers's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹297 Mil. Pushpa Jewellers's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,343 Mil. Therefore, Pushpa Jewellers's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.12%.
The historical rank and industry rank for Pushpa Jewellers's Return-on-Tangible-Asset or its related term are showing as below:
NSE:PUSHPA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 11.06 Med: 28.32 Max: 31.27
Current: 11.06
During the past 5 years, Pushpa Jewellers's highest Return-on-Tangible-Asset was 31.27%. The lowest was 11.06%. And the median was 28.32%.
NSE:PUSHPA's Return-on-Tangible-Asset is ranked better than 83.49% of 1139
companies
in the Retail - Cyclical industry
Industry Median: 2.98
vs NSE:PUSHPA: 11.06
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.
Pushpa Jewellers Return-on-Tangible-Asset Related Terms
Pushpa Jewellers Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Pushpa Jewellers'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.
Pushpa Jewellers Return-on-Tangible-Asset Chart
Pushpa Jewellers Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Asset
28.32
24.99
28.63
31.27
19.27
Pushpa Jewellers Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Asset
0.00
0.00
0.00
36.18
22.12
NSE:PUSHPA vs TPR: Return-on-Tangible-Asset Comparison
For the Luxury Goods subindustry, Pushpa Jewellers'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.
Pushpa Jewellers Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pushpa Jewellers's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Pushpa Jewellers'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 22.12% mean?
Pushpa Jewellers (NSE:PUSHPA) has a Return-on-Tangible-Asset of 22.12% 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 Pushpa Jewellers and its competitors. This is 22% below median its historical median of 28.32. Over the past decade, Pushpa Jewellers' Return-on-Tangible-Asset has ranged from 11.06 to 31.27. According to the industry distribution chart, Pushpa Jewellers ranks #188 out of 1139 companies in the Retail - Cyclical industry, placing it in the top 16.5%.
Is Pushpa Jewellers' Return-on-Tangible-Asset too high?
Pushpa Jewellers' current Return-on-Tangible-Asset of 22.12% is 22% below median its 10-year median of 28.32. Over the past 10 years, this metric has ranged from a low of 11.06 to a high of 31.27. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.98. Pushpa Jewellers' value of 22.12% is 642.3% above this industry median. Based on the distribution chart, Pushpa Jewellers ranks #188 out of 1139 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Pushpa Jewellers has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Pushpa Jewellers' Return-on-Tangible-Asset compare to TPR?
According to the Retail - Cyclical industry distribution chart, Pushpa Jewellers ranks #188 out of 1139 companies for Return-on-Tangible-Asset. This places Pushpa Jewellers in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.98. Pushpa Jewellers' value of 22.12% is 642.3% above this benchmark. Historically, Pushpa Jewellers' own Return-on-Tangible-Asset has ranged from 11.06 to 31.27 over the past decade. While the company's 10-year median is 28.32 vs. the industry median of 2.98, Pushpa Jewellers 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.98, based on 1,139 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. Pushpa Jewellers's current Return-on-Tangible-Asset of 22.12% is 642.3% 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 Pushpa Jewellers and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pushpa Jewellers's current Return-on-Tangible-Asset is 22.12%, which is 22% below median its own 10-year median of 28.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pushpa Jewellers stock overvalued right now?
Pushpa Jewellers (NSE:PUSHPA) has a current Return-on-Tangible-Asset of 22.12%. The current Return-on-Tangible-Asset is 22.12%, which is 22% below median its 10-year median of 28.32 and 642.3% above the Retail - Cyclical industry median of 2.98. Pushpa Jewellers' overall GF Score™ is 18/100 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 Pushpa Jewellers (NSE:PUSHPA), the current Return-on-Tangible-Asset is 22.12% 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.
Pushpa Jewellers Ltd is a wholesale B2B jewellery maker with a presence across India. Its jewellery business includes the sale of a range of Traditional and Modern Gold jewellery. Its main focus is in detailing and highlighting small areas minutely as its jewellery consists of some of the world's finest stones, namely Emerald, Jade, Pearl and Meena. The company has a presence across multiple regions in India, and it also exports its jewellery in international markets like Dubai, the United States and Australia. The company generates the majority of its revenue from sales in the Domestic market.
18GF Score
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