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VMS TMTNSE:VMSTMT -0.34%12 Return-on-Tangible-Asset is 1.76% as of Mar. 2026, which is 60% below its 10-year median of 4.37. GuruFocus rates NSE:VMSTMT with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 634 Steel companies, VMS TMT ranks better than 70.35% 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. VMS TMT's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹92 Mil. VMS TMT's average total tangible assets for the quarter that ended in Mar. 2026 was ₹5,194 Mil. Therefore, VMS TMT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.76%.
The historical rank and industry rank for VMS TMT's Return-on-Tangible-Asset or its related term are showing as below:
NSE:VMSTMT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.18 Med: 4.37 Max: 5.27
Current: 4.28
During the past 5 years, VMS TMT's highest Return-on-Tangible-Asset was 5.27%. The lowest was 2.18%. And the median was 4.37%.
NSE:VMSTMT's Return-on-Tangible-Asset is ranked better than 70.35% of 634
companies
in the Steel industry
Industry Median: 2.055
vs NSE:VMSTMT: 4.28
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.
VMS TMT Return-on-Tangible-Asset Related Terms
VMS TMT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for VMS TMT'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:VMSTMT vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, VMS TMT'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.
VMS TMT Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, VMS TMT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where VMS TMT'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 1.76% mean?
VMS TMT (NSE:VMSTMT) has a Return-on-Tangible-Asset of 1.76% 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 VMS TMT and its competitors. This is 60% below median its historical median of 4.37. Over the past decade, VMS TMT's Return-on-Tangible-Asset has ranged from 2.18 to 5.27. According to the industry distribution chart, VMS TMT ranks #188 out of 634 companies in the Steel industry, placing it in the top 29.7%.
Is VMS TMT's Return-on-Tangible-Asset too high?
VMS TMT's current Return-on-Tangible-Asset of 1.76% is 60% below median its 10-year median of 4.37. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 5.27. The Steel industry median Return-on-Tangible-Asset is 2.06. VMS TMT's value of 1.76% is 14.4% below this industry median. Based on the distribution chart, VMS TMT ranks #188 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, VMS TMT has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does VMS TMT's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, VMS TMT ranks #188 out of 634 companies for Return-on-Tangible-Asset. This puts VMS TMT in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.06. VMS TMT's value of 1.76% is 14.4% below this benchmark. Historically, VMS TMT's own Return-on-Tangible-Asset has ranged from 2.18 to 5.27 over the past decade. While the company's 10-year median is 4.37 vs. the industry median of 2.06, VMS TMT 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 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. VMS TMT's current Return-on-Tangible-Asset of 1.76% is 14.4% 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 VMS TMT and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VMS TMT's current Return-on-Tangible-Asset is 1.76%, which is 60% below median its own 10-year median of 4.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VMS TMT stock overvalued right now?
VMS TMT (NSE:VMSTMT) has a current Return-on-Tangible-Asset of 1.76%. The current Return-on-Tangible-Asset is 1.76%, which is 60% below median its 10-year median of 4.37 and 14.4% below the Steel industry median of 2.06. VMS TMT's overall GF Score™ is 12/100 with 3 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 VMS TMT (NSE:VMSTMT), the current Return-on-Tangible-Asset is 1.76% 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.
VMS TMT Ltd is engaged in manufacturing of Thermo Mechanically Treated Bars (TMT Bars) at its manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction industry due to their exceptional strength, ductility, and corrosion resistance. Its revenue from operations also includes sale of scrap, binding wires and billets.
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