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SPR Auto TechnologiesNSE:SHRIPISTON +1.28%83 Return-on-Tangible-Asset is 14.03% as of Mar. 2026, which is 47% above its 10-year median of 9.57. GuruFocus rates NSE:SHRIPISTON with a GF Score™ of 83/100 and a GF Value™ of ₹3,237.99 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,331 Vehicles & Parts companies, SPR Auto Technologies ranks better than 93.84% 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. SPR Auto Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹6,252 Mil. SPR Auto Technologies's average total tangible assets for the quarter that ended in Mar. 2026 was ₹44,577 Mil. Therefore, SPR Auto Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.03%.
The historical rank and industry rank for SPR Auto Technologies's Return-on-Tangible-Asset or its related term are showing as below:
NSE:SHRIPISTON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.87 Med: 9.57 Max: 16.81
Current: 14.13
During the past 12 years, SPR Auto Technologies's highest Return-on-Tangible-Asset was 16.81%. The lowest was 4.87%. And the median was 9.57%.
NSE:SHRIPISTON's Return-on-Tangible-Asset is ranked better than 93.84% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.19
vs NSE:SHRIPISTON: 14.13
SPR Auto Technologies (NSE:SHRIPISTON) 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.
SPR Auto Technologies Return-on-Tangible-Asset Related Terms
SPR Auto Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SPR Auto Technologies'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.
SPR Auto Technologies Return-on-Tangible-Asset Chart
NSE:SHRIPISTON vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, SPR Auto Technologies'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.
SPR Auto Technologies Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SPR Auto Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SPR Auto Technologies'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 14.03% mean?
SPR Auto Technologies (NSE:SHRIPISTON) has a Return-on-Tangible-Asset of 14.03% 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 SPR Auto Technologies and its competitors. This is 47% above median its historical median of 9.57. Over the past decade, SPR Auto Technologies' Return-on-Tangible-Asset has ranged from 4.87 to 16.81. According to the industry distribution chart, SPR Auto Technologies ranks #82 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 6.2%.
Is SPR Auto Technologies' Return-on-Tangible-Asset too high?
SPR Auto Technologies' current Return-on-Tangible-Asset of 14.03% is 47% above median its 10-year median of 9.57. Over the past 10 years, this metric has ranged from a low of 4.87 to a high of 16.81. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.19. SPR Auto Technologies' value of 14.03% is 339.8% above this industry median. Based on the distribution chart, SPR Auto Technologies ranks #82 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, SPR Auto Technologies has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPR Auto Technologies' Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SPR Auto Technologies ranks #82 out of 1331 companies for Return-on-Tangible-Asset. This places SPR Auto Technologies in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.19. SPR Auto Technologies' value of 14.03% is 339.8% above this benchmark. Historically, SPR Auto Technologies' own Return-on-Tangible-Asset has ranged from 4.87 to 16.81 over the past decade. While the company's 10-year median is 9.57 vs. the industry median of 3.19, SPR Auto Technologies 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.19, based on 1,331 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. SPR Auto Technologies's current Return-on-Tangible-Asset of 14.03% is 339.8% 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 SPR Auto Technologies and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPR Auto Technologies's current Return-on-Tangible-Asset is 14.03%, which is 47% above median its own 10-year median of 9.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPR Auto Technologies stock overvalued right now?
Based on GuruFocus' analysis, SPR Auto Technologies (NSE:SHRIPISTON) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3,237.99, compared to a current price of ₹4,395.20 — trading 35.7% above its estimated fair value. The current Return-on-Tangible-Asset is 14.03%, which is 47% above median its 10-year median of 9.57 and 339.8% above the Vehicles & Parts industry median of 3.19. SPR Auto Technologies' overall GF Score™ is 83/100 with 10 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 SPR Auto Technologies (NSE:SHRIPISTON), the current Return-on-Tangible-Asset is 14.03% 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 SPR Auto Technologies (NSE:SHRIPISTON) Overvalued in 2026?
Based on GuruFocus' analysis, SPR Auto Technologies stock appears to be overvalued.
The current stock price of ₹4,395.20 is trading 35.7% above its estimated GF Value™ of ₹3,237.99.
GuruFocus considers SPR Auto Technologies to be Significantly Overvalued.
Key valuation signals for NSE:SHRIPISTON:
Return-on-Tangible-Asset: 14.03% (47% above median its 10-year median of 9.57)
GF Value™: ₹3,237.99 vs. price of ₹4,395.20 (35.7% above fair value)
Industry Position: 339.8% above the Vehicles & Parts median (#82 of 1331)
No single metric tells the full story. See the NSE:SHRIPISTON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPR Auto Technologies Ltd, formerly known as Shriram Pistons & Rings Ltd, is engaged in the business of manufacturing and marketing its automotive component. The company's product portfolio comprises Pistons, Piston Pins, Piston Rings, and Engine Valves. Its product is used by passenger commercial vehicles, cars, two-wheelers, tractors, and stationary engines. The company derives revenue mainly from sales in the domestic market.
83GF Score
Get the complete analysis for NSE:SHRIPISTON
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