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Shanti Gold InternationalNSE:SHANTIGOLD +6.11%19 Return-on-Tangible-Asset is 23.60% as of Jun. 2026, which is 156% above its 10-year median of 9.23. GuruFocus rates NSE:SHANTIGOLD with a GF Score™ of 19/100. The stock has 5 warning signs investors should review. Among 1,138 Retail - Cyclical companies, Shanti Gold International ranks better than 97.63% 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. Shanti Gold International's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹2,019 Mil. Shanti Gold International's average total tangible assets for the quarter that ended in Jun. 2026 was ₹8,558 Mil. Therefore, Shanti Gold International's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 23.60%.
The historical rank and industry rank for Shanti Gold International's Return-on-Tangible-Asset or its related term are showing as below:
NSE:SHANTIGOLD'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.54 Med: 9.23 Max: 27.36
Current: 27.36
During the past 5 years, Shanti Gold International's highest Return-on-Tangible-Asset was 27.36%. The lowest was 1.54%. And the median was 9.23%.
NSE:SHANTIGOLD's Return-on-Tangible-Asset is ranked better than 97.63% of 1138
companies
in the Retail - Cyclical industry
Industry Median: 3
vs NSE:SHANTIGOLD: 27.36
Shanti Gold International (NSE:SHANTIGOLD) 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.
Shanti Gold International Return-on-Tangible-Asset Related Terms
Shanti Gold International Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shanti Gold International'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.
Shanti Gold International Return-on-Tangible-Asset Chart
NSE:SHANTIGOLD vs TPR: Return-on-Tangible-Asset Comparison
For the Luxury Goods subindustry, Shanti Gold International'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.
Shanti Gold International Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shanti Gold International's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shanti Gold International'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 23.60% mean?
Shanti Gold International (NSE:SHANTIGOLD) has a Return-on-Tangible-Asset of 23.60% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Shanti Gold International and its competitors. This is 156% above median its historical median of 9.23. Over the past decade, Shanti Gold International's Return-on-Tangible-Asset has ranged from 1.54 to 27.36. According to the industry distribution chart, Shanti Gold International ranks #27 out of 1138 companies in the Retail - Cyclical industry, placing it in the top 2.4%.
Is Shanti Gold International's Return-on-Tangible-Asset too high?
Shanti Gold International's current Return-on-Tangible-Asset of 23.60% is 156% above median its 10-year median of 9.23. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 27.36. The Retail - Cyclical industry median Return-on-Tangible-Asset is 3.00. Shanti Gold International's value of 23.60% is 686.7% above this industry median. Based on the distribution chart, Shanti Gold International ranks #27 out of 1138 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shanti Gold International has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Shanti Gold International's Return-on-Tangible-Asset compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shanti Gold International ranks #27 out of 1138 companies for Return-on-Tangible-Asset. This places Shanti Gold International in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.00. Shanti Gold International's value of 23.60% is 686.7% above this benchmark. Historically, Shanti Gold International's own Return-on-Tangible-Asset has ranged from 1.54 to 27.36 over the past decade. While the company's 10-year median is 9.23 vs. the industry median of 3.00, Shanti Gold International 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 3.00, based on 1,138 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. Shanti Gold International's current Return-on-Tangible-Asset of 23.60% is 686.7% 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 Shanti Gold International and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanti Gold International's current Return-on-Tangible-Asset is 23.60%, which is 156% above median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanti Gold International stock overvalued right now?
Shanti Gold International (NSE:SHANTIGOLD) has a current Return-on-Tangible-Asset of 23.60%. The current Return-on-Tangible-Asset is 23.60%, which is 156% above median its 10-year median of 9.23 and 686.7% above the Retail - Cyclical industry median of 3.00. Shanti Gold International's overall GF Score™ is 19/100 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 Shanti Gold International (NSE:SHANTIGOLD), the current Return-on-Tangible-Asset is 23.60% as of Jun. 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.
Shanti Gold International Ltd is one of the manufacturers of high-quality 22kt CZ casting gold jewellery, specializing in the design and production of all types of gold jewellery. The Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.
19GF Score
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