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Thejo EngineeringNSE:THEJO +1.56%92 Return-on-Tangible-Asset is 11.56% as of Mar. 2026, which is 8% above its 10-year median of 10.68. GuruFocus rates NSE:THEJO with a GF Score™ of 92/100 and a GF Value™ of ₹2,275.74 (Fairly Valued). The stock has 8 warning signs investors should review. Among 3,076 Industrial Products companies, Thejo Engineering ranks better than 84.79% 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. Thejo Engineering's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹634 Mil. Thejo Engineering's average total tangible assets for the quarter that ended in Mar. 2026 was ₹5,480 Mil. Therefore, Thejo Engineering's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.56%.
The historical rank and industry rank for Thejo Engineering's Return-on-Tangible-Asset or its related term are showing as below:
NSE:THEJO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.11 Med: 10.68 Max: 14.34
Current: 9.95
During the past 13 years, Thejo Engineering's highest Return-on-Tangible-Asset was 14.34%. The lowest was 4.11%. And the median was 10.68%.
NSE:THEJO's Return-on-Tangible-Asset is ranked better than 84.79% of 3076
companies
in the Industrial Products industry
Industry Median: 3.335
vs NSE:THEJO: 9.95
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.
Thejo Engineering Return-on-Tangible-Asset Related Terms
Thejo Engineering Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Thejo Engineering'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:THEJO vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Thejo Engineering'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.
Thejo Engineering Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thejo Engineering's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Thejo Engineering'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 11.56% mean?
Thejo Engineering (NSE:THEJO) has a Return-on-Tangible-Asset of 11.56% 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 Thejo Engineering and its competitors. This is near median its historical median of 10.68. Over the past decade, Thejo Engineering's Return-on-Tangible-Asset has ranged from 4.11 to 14.34. According to the industry distribution chart, Thejo Engineering ranks #468 out of 3076 companies in the Industrial Products industry, placing it in the top 15.2%.
Is Thejo Engineering's Return-on-Tangible-Asset too high?
Thejo Engineering's current Return-on-Tangible-Asset of 11.56% is near median its 10-year median of 10.68. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 14.34. The Industrial Products industry median Return-on-Tangible-Asset is 3.34. Thejo Engineering's value of 11.56% is 246.6% above this industry median. Based on the distribution chart, Thejo Engineering ranks #468 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Thejo Engineering has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thejo Engineering's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Thejo Engineering ranks #468 out of 3076 companies for Return-on-Tangible-Asset. This places Thejo Engineering in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.34. Thejo Engineering's value of 11.56% is 246.6% above this benchmark. Historically, Thejo Engineering's own Return-on-Tangible-Asset has ranged from 4.11 to 14.34 over the past decade. While the company's 10-year median is 10.68 vs. the industry median of 3.34, Thejo Engineering 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 3.34, based on 3,076 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. Thejo Engineering's current Return-on-Tangible-Asset of 11.56% is 246.6% 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 Thejo Engineering and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thejo Engineering's current Return-on-Tangible-Asset is 11.56%, which is near median its own 10-year median of 10.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thejo Engineering stock overvalued right now?
Based on GuruFocus' analysis, Thejo Engineering (NSE:THEJO) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,275.74, compared to a current price of ₹2,104.90 — trading 7.5% below its estimated fair value. The current Return-on-Tangible-Asset is 11.56%, which is near median its 10-year median of 10.68 and 246.6% above the Industrial Products industry median of 3.34. Thejo Engineering's overall GF Score™ is 92/100 with 8 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 Thejo Engineering (NSE:THEJO), the current Return-on-Tangible-Asset is 11.56% 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 Thejo Engineering (NSE:THEJO) Overvalued in 2026?
Based on GuruFocus' analysis, Thejo Engineering stock appears to be undervalued.
The current stock price of ₹2,104.90 is trading 7.5% below its estimated GF Value™ of ₹2,275.74.
GuruFocus considers Thejo Engineering to be Fairly Valued.
Key valuation signals for NSE:THEJO:
Return-on-Tangible-Asset: 11.56% (near median its 10-year median of 10.68)
GF Value™: ₹2,275.74 vs. price of ₹2,104.90 (7.5% below fair value)
Industry Position: 246.6% above the Industrial Products median (#468 of 3076)
No single metric tells the full story. See the NSE:THEJO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thejo Engineering Ltd is an India-based company. It is an engineering solutions provider for Bulk Material Handling, Mineral Processing, and Corrosion Protection. The company's operating segment includes Manufacturing units, Service Units, and Others. It generates maximum revenue from the Service units segment. The company serves a sector like mining, power, steel, metals, cement, ports, and fertilizers. Geographically, it derives a majority of revenue from India. Its product categories include conveyor care, dust suppression, transfer point solutions, flow promotion, abrasion and wear protection, filtration, screening solution, and others.
92GF Score
Get the complete analysis for NSE:THEJO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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