Standard Industries (NSE:SIL) Return-on-Tangible-Asset: -15.07% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:SIL Standard Industries Ltd NSE:SIL
60 GF Score
Price ₹15.89
GF Value ₹33.22
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Standard Industries Return-on-Tangible-Asset?

Standard Industries NSE:SIL -0.38% 60 Return-on-Tangible-Asset is -15.07% as of Mar. 2026. GuruFocus rates NSE:SIL with a GF Score™ of 60/100 and a GF Value™ of ₹33.22 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Standard Industries ranks worse than 90.65% 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. Standard Industries's annualized Net Income for the quarter that ended in Mar. 2026 was ₹-288.4 Mil. Standard Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,914.0 Mil. Therefore, Standard Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -15.07%.

The historical rank and industry rank for Standard Industries's Return-on-Tangible-Asset or its related term are showing as below:

NSE:SIL' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.69   Med: -4.09   Max: 58.19
Current: -11.34

During the past 13 years, Standard Industries's highest Return-on-Tangible-Asset was 58.19%. The lowest was -21.69%. And the median was -4.09%.

NSE:SIL's Return-on-Tangible-Asset is ranked worse than
90.65% of 1069 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99 vs NSE:SIL: -11.34

Standard Industries  (NSE:SIL) 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 company’s 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 company’s 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.


Standard Industries Return-on-Tangible-Asset Related Terms


Standard Industries Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Standard 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.

Standard Industries Return-on-Tangible-Asset Chart

Standard Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.19 9.74 -0.07 -8.31 -11.44

Standard Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.90 -2.73 -15.21 -10.56 -15.07

Standard Industries Return-on-Tangible-Asset Competitor Comparison

For the Textile Manufacturing subindustry, Standard 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.


Standard Industries Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Standard Industries's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Standard Industries's Return-on-Tangible-Asset falls into.


NSE:SIL
60GF Score
Standard Industries Ltd NSE:SIL
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Standard Industries Return-on-Tangible-Asset Calculation

Standard Industries's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=-195.017/( (1495.807+1913.986)/ 2 )
=-195.017/1704.8965
=-11.44 %

Standard Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-288.432/( (0+1913.986)/ 1 )
=-288.432/1913.986
=-15.07 %

* 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 -15.07% mean?
Standard Industries (NSE:SIL) has a Return-on-Tangible-Asset of -15.07% 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 Standard Industries and its competitors. According to the industry distribution chart, Standard Industries ranks #969 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.6%.
Is Standard Industries' Return-on-Tangible-Asset too high?
Standard Industries' current Return-on-Tangible-Asset is -15.07%. Based on the distribution chart, Standard Industries ranks #969 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Standard Industries 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 Standard Industries' Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Standard Industries ranks #969 out of 1069 companies for Return-on-Tangible-Asset. This places Standard Industries in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.99. 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. 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 Standard 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. Standard Industries's current Return-on-Tangible-Asset is -15.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Standard Industries stock overvalued right now?
Based on GuruFocus' analysis, Standard Industries (NSE:SIL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹33.22, compared to a current price of ₹15.89 — trading 52.2% below its estimated fair value. The current Return-on-Tangible-Asset is -15.07%. Standard Industries' 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 Standard Industries (NSE:SIL), the current Return-on-Tangible-Asset is -15.07% 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 Standard Industries (NSE:SIL) Overvalued in 2026?

Based on GuruFocus' analysis, Standard Industries stock appears to be undervalued. The current stock price of ₹15.89 is trading 52.2% below its estimated GF Value™ of ₹33.22. GuruFocus considers Standard Industries to be Possible Value Trap.

Key valuation signals for NSE:SIL:

  • Return-on-Tangible-Asset: -15.07%
  • GF Value™: ₹33.22 vs. price of ₹15.89 (52.2% below fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the NSE:SIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Standard Industries Business Description

Other Exchanges 530017:India
Address 57A, Dr. G. Deshmukh Marg, Vijyalaxmi Mafatlal Centre, Mumbai, MH, IND, 400026
Standard Industries Ltd is an investment holding company. The company's operating segment includes Property and Trading. It generates maximum revenue from the Trading division segment. The company offers products such as Cotton towels, Bed sheets, Interlining Fabric, Cotton and blended dhoti, Cotton/PC blended and poly-viscose suiting, PC Poplins and shirtings, Rubia, Rubia in cotton as well as PC Blended and Punjabi suits.
60GF Score

Get the complete analysis for NSE:SIL

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹15.89
Price
₹33.22
GF Value