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RMC SwitchgearsNSE:RMC -0.15%60 Return-on-Tangible-Asset is 1.91% as of Mar. 2026, which is 50% below its 10-year median of 3.82. GuruFocus rates NSE:RMC with a GF Score™ of 60/100 and a GF Value™ of ₹1,381.60 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 3,076 Industrial Products companies, RMC Switchgears ranks better than 72.56% 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. RMC Switchgears's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹65 Mil. RMC Switchgears's average total tangible assets for the quarter that ended in Mar. 2026 was ₹3,421 Mil. Therefore, RMC Switchgears's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.91%.
The historical rank and industry rank for RMC Switchgears's Return-on-Tangible-Asset or its related term are showing as below:
NSE:RMC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.3 Med: 3.82 Max: 14.46
Current: 7.05
During the past 13 years, RMC Switchgears's highest Return-on-Tangible-Asset was 14.46%. The lowest was 0.30%. And the median was 3.82%.
NSE:RMC's Return-on-Tangible-Asset is ranked better than 72.56% of 3076
companies
in the Industrial Products industry
Industry Median: 3.335
vs NSE:RMC: 7.05
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.
RMC Switchgears Return-on-Tangible-Asset Related Terms
RMC Switchgears Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for RMC Switchgears'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:RMC vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, RMC Switchgears'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.
RMC Switchgears Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, RMC Switchgears's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where RMC Switchgears'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 1.91% mean?
RMC Switchgears (NSE:RMC) has a Return-on-Tangible-Asset of 1.91% 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 RMC Switchgears and its competitors. This is 50% below median its historical median of 3.82. Over the past decade, RMC Switchgears' Return-on-Tangible-Asset has ranged from 0.30 to 14.46. According to the industry distribution chart, RMC Switchgears ranks #844 out of 3076 companies in the Industrial Products industry, placing it in the top 27.4%.
Is RMC Switchgears' Return-on-Tangible-Asset too high?
RMC Switchgears' current Return-on-Tangible-Asset of 1.91% is 50% below median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 14.46. The Industrial Products industry median Return-on-Tangible-Asset is 3.34. RMC Switchgears' value of 1.91% is 42.7% below this industry median. Based on the distribution chart, RMC Switchgears ranks #844 out of 3076 companies in the Industrial Products industry, which is above the industry midpoint. Overall, RMC Switchgears has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RMC Switchgears' Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, RMC Switchgears ranks #844 out of 3076 companies for Return-on-Tangible-Asset. This puts RMC Switchgears in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.34. RMC Switchgears' value of 1.91% is 42.7% below this benchmark. Historically, RMC Switchgears' own Return-on-Tangible-Asset has ranged from 0.30 to 14.46 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 3.34, RMC Switchgears has consistently been below 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.34, based on 3,076 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. RMC Switchgears's current Return-on-Tangible-Asset of 1.91% is 42.7% below 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 RMC Switchgears and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RMC Switchgears's current Return-on-Tangible-Asset is 1.91%, which is 50% below median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RMC Switchgears stock overvalued right now?
Based on GuruFocus' analysis, RMC Switchgears (NSE:RMC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,381.60, compared to a current price of ₹267.00 — trading 80.7% below its estimated fair value. The current Return-on-Tangible-Asset is 1.91%, which is 50% below median its 10-year median of 3.82 and 42.7% below the Industrial Products industry median of 3.34. RMC Switchgears' overall GF Score™ is 60/100 with 5 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 RMC Switchgears (NSE:RMC), the current Return-on-Tangible-Asset is 1.91% 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 RMC Switchgears (NSE:RMC) Overvalued in 2026?
Based on GuruFocus' analysis, RMC Switchgears stock appears to be undervalued.
The current stock price of ₹267.00 is trading 80.7% below its estimated GF Value™ of ₹1,381.60.
GuruFocus considers RMC Switchgears to be Possible Value Trap.
Key valuation signals for NSE:RMC:
Return-on-Tangible-Asset: 1.91% (50% below median its 10-year median of 3.82)
GF Value™: ₹1,381.60 vs. price of ₹267.00 (80.7% below fair value)
Industry Position: 42.7% below the Industrial Products median (#844 of 3076)
No single metric tells the full story. See the NSE:RMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RMC Switchgears Ltd designs and manufactures electronic energy meters, enclosures for energy metering, distribution boxes, panels, sheet moulding compounds, bulk moulding compounds, and solar power equipment, and provides turnkey contracts. The company operates in two segments: primary and secondary. The primary segment is engaged in "Switch Gear Engineering" and "Construction contracts for the power distribution/transmission sector." The secondary segment operates mainly within the geographical limits of India.
60GF Score
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