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Raj Rayon IndustriesNSE:RAJRILTD -0.54%51 Return-on-Tangible-Asset is 9.38% as of Mar. 2026. GuruFocus rates NSE:RAJRILTD with a GF Score™ of 51/100 and a GF Value™ of ₹37.79 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Raj Rayon Industries ranks better than 77.36% 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. Raj Rayon Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹561 Mil. Raj Rayon Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹5,983 Mil. Therefore, Raj Rayon Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.38%.
The historical rank and industry rank for Raj Rayon Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:RAJRILTD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.08 Med: -11.05 Max: 497.35
Current: 6.04
During the past 13 years, Raj Rayon Industries's highest Return-on-Tangible-Asset was 497.35%. The lowest was -20.08%. And the median was -11.05%.
NSE:RAJRILTD's Return-on-Tangible-Asset is ranked better than 77.36% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs NSE:RAJRILTD: 6.04
Raj Rayon Industries (NSE:RAJRILTD) 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.
Raj Rayon Industries Return-on-Tangible-Asset Related Terms
Raj Rayon Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Raj Rayon Industries'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.
Raj Rayon Industries Return-on-Tangible-Asset Chart
Raj Rayon Industries Return-on-Tangible-Asset Competitor Comparison
For the Textile Manufacturing subindustry, Raj Rayon Industries'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.
Raj Rayon Industries Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Raj Rayon Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Raj Rayon Industries'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 9.38% mean?
Raj Rayon Industries (NSE:RAJRILTD) has a Return-on-Tangible-Asset of 9.38% 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 Raj Rayon Industries and its competitors. According to the industry distribution chart, Raj Rayon Industries ranks #242 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22.6%.
Is Raj Rayon Industries' Return-on-Tangible-Asset too high?
Raj Rayon Industries' current Return-on-Tangible-Asset is 9.38%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. Raj Rayon Industries' value of 9.38% is 371.4% above this industry median. Based on the distribution chart, Raj Rayon Industries ranks #242 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Raj Rayon Industries has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Raj Rayon Industries' Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Raj Rayon Industries ranks #242 out of 1069 companies for Return-on-Tangible-Asset. This places Raj Rayon Industries in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.99. Raj Rayon Industries' value of 9.38% is 371.4% 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,069 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. Raj Rayon Industries's current Return-on-Tangible-Asset of 9.38% is 371.4% 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 Raj Rayon Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raj Rayon Industries's current Return-on-Tangible-Asset is 9.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raj Rayon Industries stock overvalued right now?
Based on GuruFocus' analysis, Raj Rayon Industries (NSE:RAJRILTD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹37.79, compared to a current price of ₹20.41 — trading 46% below its estimated fair value. The current Return-on-Tangible-Asset is 9.38% and 371.4% above the Manufacturing - Apparel & Accessories industry median of 1.99. Raj Rayon Industries' overall GF Score™ is 51/100 with 1 warning sign 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 Raj Rayon Industries (NSE:RAJRILTD), the current Return-on-Tangible-Asset is 9.38% 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 Raj Rayon Industries (NSE:RAJRILTD) Overvalued in 2026?
Based on GuruFocus' analysis, Raj Rayon Industries stock appears to be undervalued.
The current stock price of ₹20.41 is trading 46% below its estimated GF Value™ of ₹37.79.
GuruFocus considers Raj Rayon Industries to be Significantly Undervalued.
Key valuation signals for NSE:RAJRILTD:
Return-on-Tangible-Asset: 9.38%
GF Value™: ₹37.79 vs. price of ₹20.41 (46% below fair value)
Industry Position: 371.4% above the Manufacturing - Apparel & Accessories median (#242 of 1069)
No single metric tells the full story. See the NSE:RAJRILTD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raj Rayon Industries Ltd is a company that is mainly involved in producing and distributing polyester chips, polyester yarn, and processed yarn. The company operates in a single segment, which is the manufacturing and marketing of synthetic textile yarns.
51GF Score
Get the complete analysis for NSE:RAJRILTD
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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