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VL InfraprojectsNSE:VLINFRA 44 Return-on-Tangible-Asset is 9.20% as of Mar. 2026, which is 2% above its 10-year median of 9.05. GuruFocus rates NSE:VLINFRA with a GF Score™ of 44/100. The stock has 8 warning signs investors should review. Among 1,783 Construction companies, VL Infraprojects ranks better than 60.18% 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. VL Infraprojects's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹87.9 Mil. VL Infraprojects's average total tangible assets for the quarter that ended in Mar. 2026 was ₹955.9 Mil. Therefore, VL Infraprojects's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.20%.
The historical rank and industry rank for VL Infraprojects's Return-on-Tangible-Asset or its related term are showing as below:
NSE:VLINFRA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.6 Med: 9.05 Max: 14.26
Current: 4.6
During the past 6 years, VL Infraprojects's highest Return-on-Tangible-Asset was 14.26%. The lowest was 4.60%. And the median was 9.05%.
NSE:VLINFRA's Return-on-Tangible-Asset is ranked better than 60.18% of 1783
companies
in the Construction industry
Industry Median: 3.05
vs NSE:VLINFRA: 4.60
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.
VL Infraprojects Return-on-Tangible-Asset Related Terms
VL Infraprojects Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for VL Infraprojects'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:VLINFRA vs PWR, FIX, EME: Return-on-Tangible-Asset Comparison
For the Engineering & Construction subindustry, VL Infraprojects'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.
VL Infraprojects Return-on-Tangible-Asset vs Construction Industry
For the Construction industry and Industrials sector, VL Infraprojects's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where VL Infraprojects'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 9.20% mean?
VL Infraprojects (NSE:VLINFRA) has a Return-on-Tangible-Asset of 9.20% 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 VL Infraprojects and its competitors. This is near median its historical median of 9.05. Over the past decade, VL Infraprojects' Return-on-Tangible-Asset has ranged from 4.60 to 14.26. According to the industry distribution chart, VL Infraprojects ranks #710 out of 1783 companies in the Construction industry, placing it in the top 39.8%.
Is VL Infraprojects' Return-on-Tangible-Asset too high?
VL Infraprojects' current Return-on-Tangible-Asset of 9.20% is near median its 10-year median of 9.05. Over the past 10 years, this metric has ranged from a low of 4.60 to a high of 14.26. The Construction industry median Return-on-Tangible-Asset is 3.05. VL Infraprojects' value of 9.20% is 201.6% above this industry median. Based on the distribution chart, VL Infraprojects ranks #710 out of 1783 companies in the Construction industry, which is above the industry midpoint. Overall, VL Infraprojects has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does VL Infraprojects' Return-on-Tangible-Asset compare to PWR and FIX?
According to the Construction industry distribution chart, VL Infraprojects ranks #710 out of 1783 companies for Return-on-Tangible-Asset. This puts VL Infraprojects in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.05. VL Infraprojects' value of 9.20% is 201.6% above this benchmark. Historically, VL Infraprojects' own Return-on-Tangible-Asset has ranged from 4.60 to 14.26 over the past decade. While the company's 10-year median is 9.05 vs. the industry median of 3.05, VL Infraprojects 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 Construction company?
The median Return-on-Tangible-Asset among Construction companies is 3.05, based on 1,783 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. VL Infraprojects's current Return-on-Tangible-Asset of 9.20% is 201.6% 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 VL Infraprojects and its competitors. For the Construction industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VL Infraprojects's current Return-on-Tangible-Asset is 9.20%, which is near median its own 10-year median of 9.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VL Infraprojects stock overvalued right now?
VL Infraprojects (NSE:VLINFRA) has a current Return-on-Tangible-Asset of 9.20%. The current Return-on-Tangible-Asset is 9.20%, which is near median its 10-year median of 9.05 and 201.6% above the Construction industry median of 3.05. VL Infraprojects' overall GF Score™ is 44/100 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 VL Infraprojects (NSE:VLINFRA), the current Return-on-Tangible-Asset is 9.20% 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.
VL Infraprojects Ltd is engaged in construction, laying, and commissioning contracts in infrastructure projects like irrigation and water supply. It operates through two key verticals, contracting and services. This includes procurement, laying, joining, and commissioning of pipelines, supported by civil works, pumping stations, and installation of electro-mechanical equipment for water distribution from the source to the household. The company also undertakes operations and maintenance services for water distribution networks. Its segments include water pipeline construction with O&M, irrigation projects, road construction, building construction, and product sales of construction materials, with the majority of revenue coming from water pipeline construction, including O&M.
44GF Score
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