Vadilal Industries (NSE:VADILALIND) Return-on-Tangible-Asset: 17.29% (As of Mar. 2026) — 124% Above Median

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:VADILALIND Vadilal Industries Ltd NSE:VADILALIND
82 GF Score
Price ₹7,214.50
GF Value ₹5,401.65
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

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

Vadilal Industries NSE:VADILALIND -0.67% 82 Return-on-Tangible-Asset is 17.29% as of Mar. 2026, which is 124% above its 10-year median of 7.71. GuruFocus rates NSE:VADILALIND with a GF Score™ of 82/100 and a GF Value™ of ₹5,401.65 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,996 Consumer Packaged Goods companies, Vadilal Industries ranks better than 88.33% 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. Vadilal Industries's annualized Net Income for the quarter that ended in Mar. 2026 was ₹2,194 Mil. Vadilal Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹12,691 Mil. Therefore, Vadilal Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 17.29%.

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

NSE:VADILALIND' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.81   Med: 7.71   Max: 16.68
Current: 13.24

During the past 13 years, Vadilal Industries's highest Return-on-Tangible-Asset was 16.68%. The lowest was 0.81%. And the median was 7.71%.

NSE:VADILALIND's Return-on-Tangible-Asset is ranked better than
88.33% of 1996 companies
in the Consumer Packaged Goods industry
Industry Median: 3.485 vs NSE:VADILALIND: 13.24

Vadilal Industries  (NSE:VADILALIND) 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.


Vadilal Industries Return-on-Tangible-Asset Related Terms


Vadilal Industries Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Vadilal 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.

Vadilal Industries Return-on-Tangible-Asset Chart

Vadilal 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 7.52 13.21 16.68 14.97 13.13

Vadilal 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 8.05 24.50 11.60 -0.06 17.29

NSE:VADILALIND vs KHC, GIS: Return-on-Tangible-Asset Comparison

For the Packaged Foods subindustry, Vadilal 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.


Vadilal Industries Return-on-Tangible-Asset vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vadilal Industries's Return-on-Tangible-Asset distribution charts can be found below:

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


NSE:VADILALIND
82GF Score
Vadilal Industries Ltd NSE:VADILALIND
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vadilal Industries Return-on-Tangible-Asset Calculation

Vadilal 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 )
=1551/( (10935.6+12691)/ 2 )
=1551/11813.3
=13.13 %

Vadilal 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 )
=2194.4/( (0+12691)/ 1 )
=2194.4/12691
=17.29 %

* 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 17.29% mean?
Vadilal Industries (NSE:VADILALIND) has a Return-on-Tangible-Asset of 17.29% 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 Vadilal Industries and its competitors. This is 124% above median its historical median of 7.71. Over the past decade, Vadilal Industries' Return-on-Tangible-Asset has ranged from 0.81 to 16.68. According to the industry distribution chart, Vadilal Industries ranks #233 out of 1996 companies in the Consumer Packaged Goods industry, placing it in the top 11.7%.
Is Vadilal Industries' Return-on-Tangible-Asset too high?
Vadilal Industries' current Return-on-Tangible-Asset of 17.29% is 124% above median its 10-year median of 7.71. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 16.68. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.49. Vadilal Industries' value of 17.29% is 396.1% above this industry median. Based on the distribution chart, Vadilal Industries ranks #233 out of 1996 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Vadilal Industries has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vadilal Industries' Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Vadilal Industries ranks #233 out of 1996 companies for Return-on-Tangible-Asset. This places Vadilal Industries in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.49. Vadilal Industries' value of 17.29% is 396.1% above this benchmark. Historically, Vadilal Industries' own Return-on-Tangible-Asset has ranged from 0.81 to 16.68 over the past decade. While the company's 10-year median is 7.71 vs. the industry median of 3.49, Vadilal 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 a Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.49, based on 1,996 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. Vadilal Industries's current Return-on-Tangible-Asset of 17.29% is 396.1% 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 Vadilal Industries and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vadilal Industries's current Return-on-Tangible-Asset is 17.29%, which is 124% above median its own 10-year median of 7.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vadilal Industries stock overvalued right now?
Based on GuruFocus' analysis, Vadilal Industries (NSE:VADILALIND) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5,401.65, compared to a current price of ₹7,214.50 — trading 33.6% above its estimated fair value. The current Return-on-Tangible-Asset is 17.29%, which is 124% above median its 10-year median of 7.71 and 396.1% above the Consumer Packaged Goods industry median of 3.49. Vadilal Industries' overall GF Score™ is 82/100 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 Vadilal Industries (NSE:VADILALIND), the current Return-on-Tangible-Asset is 17.29% 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 Vadilal Industries (NSE:VADILALIND) Overvalued in 2026?

Based on GuruFocus' analysis, Vadilal Industries stock appears to be overvalued. The current stock price of ₹7,214.50 is trading 33.6% above its estimated GF Value™ of ₹5,401.65. GuruFocus considers Vadilal Industries to be Significantly Overvalued.

Key valuation signals for NSE:VADILALIND:

  • Return-on-Tangible-Asset: 17.29% (124% above median its 10-year median of 7.71)
  • GF Value™: ₹5,401.65 vs. price of ₹7,214.50 (33.6% above fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 396.1% above the Consumer Packaged Goods median (#233 of 1996)

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


Vadilal Industries Business Description

Other Exchanges 519156:India
Address South Block, Bopal Ambli Road, 2nd Floor, Punishka House, Next to One 42, Opposite Jayantilal Park BRTS stop, Ahmedabad, GJ, IND, 380058
Vadilal Industries Ltd is engaged in the business of manufacturing ice cream, flavored milk, frozen desserts, processed foods, and other dairy products. The company is also engaged in the export of ice cream, dairy products, processed food products such as frozen fruits, vegetables, pulp, ready-to-eat, and ready-to-serve products etc. It is exporting its products to various countries across the globe.
82GF Score

Get the complete analysis for NSE:VADILALIND

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

₹7,214.50
Price
₹5,401.65
GF Value