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Virat IndustriesNSE:VIRAT +0.24%44 Return-on-Tangible-Asset is 3.12% as of Mar. 2026, which is 41% below its 10-year median of 5.30. GuruFocus rates NSE:VIRAT with a GF Score™ of 44/100 and a GF Value™ of ₹95.05 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,065 Manufacturing - Apparel & Accessories companies, Virat Industries ranks better than 70.61% 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. Virat Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹42.0 Mil. Virat Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹1,346.7 Mil. Therefore, Virat Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.12%.
The historical rank and industry rank for Virat Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:VIRAT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.45 Med: 5.3 Max: 17.11
Current: 4.94
During the past 13 years, Virat Industries's highest Return-on-Tangible-Asset was 17.11%. The lowest was 2.45%. And the median was 5.30%.
NSE:VIRAT's Return-on-Tangible-Asset is ranked better than 70.61% of 1065
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.32
vs NSE:VIRAT: 4.94
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.
Virat Industries Return-on-Tangible-Asset Related Terms
Virat Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Virat 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:VIRAT vs : Return-on-Tangible-Asset Comparison
For the Apparel Manufacturing subindustry, Virat 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.
Virat Industries Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Virat Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Virat 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 3.12% mean?
Virat Industries (NSE:VIRAT) has a Return-on-Tangible-Asset of 3.12% 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 Virat Industries and its competitors. This is 41% below median its historical median of 5.30. Over the past decade, Virat Industries' Return-on-Tangible-Asset has ranged from 2.45 to 17.11. According to the industry distribution chart, Virat Industries ranks #313 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.4%.
Is Virat Industries' Return-on-Tangible-Asset too high?
Virat Industries' current Return-on-Tangible-Asset of 3.12% is 41% below median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 17.11. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.32. Virat Industries' value of 3.12% is 34.5% above this industry median. Based on the distribution chart, Virat Industries ranks #313 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Virat Industries has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Virat Industries' Return-on-Tangible-Asset compare to ?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Virat Industries ranks #313 out of 1065 companies for Return-on-Tangible-Asset. This puts Virat Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.32. Virat Industries' value of 3.12% is 34.5% above this benchmark. Historically, Virat Industries' own Return-on-Tangible-Asset has ranged from 2.45 to 17.11 over the past decade. While the company's 10-year median is 5.30 vs. the industry median of 2.32, Virat 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.32, based on 1,065 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. Virat Industries's current Return-on-Tangible-Asset of 3.12% is 34.5% 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 Virat Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virat Industries's current Return-on-Tangible-Asset is 3.12%, which is 41% below median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virat Industries stock overvalued right now?
Based on GuruFocus' analysis, Virat Industries (NSE:VIRAT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹95.05, compared to a current price of ₹334.75 — trading 252.2% above its estimated fair value. The current Return-on-Tangible-Asset is 3.12%, which is 41% below median its 10-year median of 5.30 and 34.5% above the Manufacturing - Apparel & Accessories industry median of 2.32. Virat Industries' overall GF Score™ is 44/100 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 Virat Industries (NSE:VIRAT), the current Return-on-Tangible-Asset is 3.12% 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 Virat Industries (NSE:VIRAT) Overvalued in 2026?
Based on GuruFocus' analysis, Virat Industries stock appears to be overvalued.
The current stock price of ₹334.75 is trading 252.2% above its estimated GF Value™ of ₹95.05.
GuruFocus considers Virat Industries to be Significantly Overvalued.
Key valuation signals for NSE:VIRAT:
Return-on-Tangible-Asset: 3.12% (41% below median its 10-year median of 5.30)
GF Value™: ₹95.05 vs. price of ₹334.75 (252.2% above fair value)
Industry Position: 34.5% above the Manufacturing - Apparel & Accessories median (#313 of 1065)
No single metric tells the full story. See the NSE:VIRAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virat Industries Ltd is engaged in the manufacturing of excellent quality socks for export mainly to the European markets. The Company is a manufacturer and Exporter of premium quality of dress and sport socks for Men, Ladies and Children. The Company also manufactures high quality football socks for many clubs of Europe. The socks are knitted and processed on imported machinery. The socks of the Company are exported to Switzerland, U.K and Gulf countries. Key revenue is earned through the Switzerland market, while it also has a presence in the United Kingdom, India, and various other countries.
44GF Score
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