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TSC IndiaNSE:TSC +3.50%16 Return-on-Tangible-Asset is 1.20% as of Mar. 2026, which is 81% below its 10-year median of 6.41. GuruFocus rates NSE:TSC with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 854 Travel & Leisure companies, TSC India ranks better than 63.11% 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. TSC India's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹10.8 Mil. TSC India's average total tangible assets for the quarter that ended in Mar. 2026 was ₹901.0 Mil. Therefore, TSC India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.20%.
The historical rank and industry rank for TSC India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:TSC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.8 Med: 6.41 Max: 10.5
Current: 4.58
During the past 4 years, TSC India's highest Return-on-Tangible-Asset was 10.50%. The lowest was 3.80%. And the median was 6.41%.
NSE:TSC's Return-on-Tangible-Asset is ranked better than 63.11% of 854
companies
in the Travel & Leisure industry
Industry Median: 2.74
vs NSE:TSC: 4.58
TSC India (NSE:TSC) 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.
TSC India Return-on-Tangible-Asset Related Terms
TSC India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for TSC India'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:TSC vs BKNG, ABNB, RCL: Return-on-Tangible-Asset Comparison
For the Travel Services subindustry, TSC India'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.
TSC India Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TSC India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where TSC India'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 1.20% mean?
TSC India (NSE:TSC) has a Return-on-Tangible-Asset of 1.20% 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 TSC India and its competitors. This is 81% below median its historical median of 6.41. Over the past decade, TSC India's Return-on-Tangible-Asset has ranged from 3.80 to 10.50. According to the industry distribution chart, TSC India ranks #315 out of 854 companies in the Travel & Leisure industry, placing it in the top 36.9%.
Is TSC India's Return-on-Tangible-Asset too high?
TSC India's current Return-on-Tangible-Asset of 1.20% is 81% below median its 10-year median of 6.41. Over the past 10 years, this metric has ranged from a low of 3.80 to a high of 10.50. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.74. TSC India's value of 1.20% is 56.2% below this industry median. Based on the distribution chart, TSC India ranks #315 out of 854 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TSC India has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TSC India's Return-on-Tangible-Asset compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSC India ranks #315 out of 854 companies for Return-on-Tangible-Asset. This puts TSC India in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.74. TSC India's value of 1.20% is 56.2% below this benchmark. Historically, TSC India's own Return-on-Tangible-Asset has ranged from 3.80 to 10.50 over the past decade. While the company's 10-year median is 6.41 vs. the industry median of 2.74, TSC India has consistently been below 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.74, based on 854 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. TSC India's current Return-on-Tangible-Asset of 1.20% is 56.2% below 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 TSC India and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC India's current Return-on-Tangible-Asset is 1.20%, which is 81% below median its own 10-year median of 6.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSC India stock overvalued right now?
TSC India (NSE:TSC) has a current Return-on-Tangible-Asset of 1.20%. The current Return-on-Tangible-Asset is 1.20%, which is 81% below median its 10-year median of 6.41 and 56.2% below the Travel & Leisure industry median of 2.74. TSC India's overall GF Score™ is 16/100 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 TSC India (NSE:TSC), the current Return-on-Tangible-Asset is 1.20% 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.
TSC India Ltd is a travel management company which specializes in providing comprehensive air ticketing services tailored to the requirements of its clients. The Company is focused on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end user customers. Its operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence.
16GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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