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Tega IndustriesNSE:TEGA +0.55%91 Return-on-Tangible-Asset is 4.03% as of Mar. 2026, which is 63% below its 10-year median of 10.86. GuruFocus rates NSE:TEGA with a GF Score™ of 91/100 and a GF Value™ of ₹1,695.86 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,077 Industrial Products companies, Tega Industries ranks better than 62.82% 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. Tega Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,707 Mil. Tega Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹42,319 Mil. Therefore, Tega Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.03%.
The historical rank and industry rank for Tega Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:TEGA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.46 Med: 10.86 Max: 15.27
Current: 5.14
During the past 8 years, Tega Industries's highest Return-on-Tangible-Asset was 15.27%. The lowest was 4.46%. And the median was 10.86%.
NSE:TEGA's Return-on-Tangible-Asset is ranked better than 62.82% of 3077
companies
in the Industrial Products industry
Industry Median: 3.26
vs NSE:TEGA: 5.14
Tega Industries (NSE:TEGA) 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.
Tega Industries Return-on-Tangible-Asset Related Terms
Tega Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Tega 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.
NSE:TEGA vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Tega 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.
Tega Industries Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tega Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tega Industries'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 4.03% mean?
Tega Industries (NSE:TEGA) has a Return-on-Tangible-Asset of 4.03% 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 Tega Industries and its competitors. This is 63% below median its historical median of 10.86. Over the past decade, Tega Industries' Return-on-Tangible-Asset has ranged from 4.46 to 15.27. According to the industry distribution chart, Tega Industries ranks #1144 out of 3077 companies in the Industrial Products industry, placing it in the top 37.2%.
Is Tega Industries' Return-on-Tangible-Asset too high?
Tega Industries' current Return-on-Tangible-Asset of 4.03% is 63% below median its 10-year median of 10.86. Over the past 10 years, this metric has ranged from a low of 4.46 to a high of 15.27. The Industrial Products industry median Return-on-Tangible-Asset is 3.26. Tega Industries' value of 4.03% is 23.6% above this industry median. Based on the distribution chart, Tega Industries ranks #1144 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Tega Industries has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tega Industries' Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Tega Industries ranks #1144 out of 3077 companies for Return-on-Tangible-Asset. This puts Tega Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.26. Tega Industries' value of 4.03% is 23.6% above this benchmark. Historically, Tega Industries' own Return-on-Tangible-Asset has ranged from 4.46 to 15.27 over the past decade. While the company's 10-year median is 10.86 vs. the industry median of 3.26, Tega Industries 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.26, based on 3,077 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. Tega Industries's current Return-on-Tangible-Asset of 4.03% is 23.6% 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 Tega Industries and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tega Industries's current Return-on-Tangible-Asset is 4.03%, which is 63% below median its own 10-year median of 10.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tega Industries stock overvalued right now?
Based on GuruFocus' analysis, Tega Industries (NSE:TEGA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,695.86, compared to a current price of ₹1,485.50 — trading 12.4% below its estimated fair value. The current Return-on-Tangible-Asset is 4.03%, which is 63% below median its 10-year median of 10.86 and 23.6% above the Industrial Products industry median of 3.26. Tega Industries' overall GF Score™ is 91/100 with 4 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 Tega Industries (NSE:TEGA), the current Return-on-Tangible-Asset is 4.03% 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 Tega Industries (NSE:TEGA) Overvalued in 2026?
Based on GuruFocus' analysis, Tega Industries stock appears to be undervalued.
The current stock price of ₹1,485.50 is trading 12.4% below its estimated GF Value™ of ₹1,695.86.
GuruFocus considers Tega Industries to be Modestly Undervalued.
Key valuation signals for NSE:TEGA:
Return-on-Tangible-Asset: 4.03% (63% below median its 10-year median of 10.86)
GF Value™: ₹1,695.86 vs. price of ₹1,485.50 (12.4% below fair value)
Industry Position: 23.6% above the Industrial Products median (#1144 of 3077)
No single metric tells the full story. See the NSE:TEGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tega Industries Ltd is a manufacturer of specialized consumable products for the mineral beneficiation, mining, and bulk solids handling industry. The company offers a range of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components required for mining and mineral processing, screening, grinding, and material handling. It operates in India as well as outside India.
91GF Score
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