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Shri Hare-Krishna Sponge IronNSE:SHKSIL 20 Return-on-Tangible-Asset is 2.27% as of Mar. 2026, which is 85% below its 10-year median of 15.25. GuruFocus rates NSE:SHKSIL with a GF Score™ of 20/100. The stock has 7 warning signs investors should review. Among 634 Steel companies, Shri Hare-Krishna Sponge Iron ranks better than 73.82% on this metric.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) 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.
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Asset Related Terms
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Asset Historical Data
* 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.
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Asset Chart
NSE:SHKSIL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron'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 2.27% mean?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Return-on-Tangible-Asset of 2.27% 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 Shri Hare-Krishna Sponge Iron and its competitors. This is 85% below median its historical median of 15.25. Over the past decade, Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Asset has ranged from 5.09 to 19.77. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #166 out of 634 companies in the Steel industry, placing it in the top 26.2%.
Is Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Asset too high?
Shri Hare-Krishna Sponge Iron's current Return-on-Tangible-Asset of 2.27% is 85% below median its 10-year median of 15.25. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 19.77. The Steel industry median Return-on-Tangible-Asset is 2.10. Shri Hare-Krishna Sponge Iron's value of 2.27% is 8.4% above this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #166 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #166 out of 634 companies for Return-on-Tangible-Asset. This puts Shri Hare-Krishna Sponge Iron in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.10. Shri Hare-Krishna Sponge Iron's value of 2.27% is 8.4% above this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Return-on-Tangible-Asset has ranged from 5.09 to 19.77 over the past decade. While the company's 10-year median is 15.25 vs. the industry median of 2.10, Shri Hare-Krishna Sponge Iron 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.10, based on 634 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. Shri Hare-Krishna Sponge Iron's current Return-on-Tangible-Asset of 2.27% is 8.4% 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 Shri Hare-Krishna Sponge Iron and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current Return-on-Tangible-Asset is 2.27%, which is 85% below median its own 10-year median of 15.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Return-on-Tangible-Asset of 2.27%. The current Return-on-Tangible-Asset is 2.27%, which is 85% below median its 10-year median of 15.25 and 8.4% above the Steel industry median of 2.10. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 20/100 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 Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Return-on-Tangible-Asset is 2.27% 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.
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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