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The historical rank and industry rank for Zenith Steel Pipes & Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:ZENITHSTL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -41.28 Med: -8.29 Max: 7.09
Current: 2.91
During the past 13 years, Zenith Steel Pipes & Industries's highest Return-on-Tangible-Asset was 7.09%. The lowest was -41.28%. And the median was -8.29%.
NSE:ZENITHSTL's Return-on-Tangible-Asset is ranked better than 57.32% of 635
companies
in the Steel industry
Industry Median: 2.07
vs NSE:ZENITHSTL: 2.91
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.
Zenith Steel Pipes & Industries Return-on-Tangible-Asset Related Terms
Zenith Steel Pipes & Industries Return-on-Tangible-Asset Historical Data
* 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:ZENITHSTL vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Zenith Steel Pipes & 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.
Zenith Steel Pipes & Industries Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Zenith Steel Pipes & Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zenith Steel Pipes & 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 3.62% mean?
Zenith Steel Pipes & Industries (NSE:ZENITHSTL) has a Return-on-Tangible-Asset of 3.62% 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 Zenith Steel Pipes & Industries and its competitors. According to the industry distribution chart, Zenith Steel Pipes & Industries ranks #271 out of 635 companies in the Steel industry, placing it in the top 42.7%.
Is Zenith Steel Pipes & Industries' Return-on-Tangible-Asset too high?
Zenith Steel Pipes & Industries' current Return-on-Tangible-Asset is 3.62%. The Steel industry median Return-on-Tangible-Asset is 2.07. Zenith Steel Pipes & Industries' value of 3.62% is 74.9% above this industry median. Based on the distribution chart, Zenith Steel Pipes & Industries ranks #271 out of 635 companies in the Steel industry, which is above the industry midpoint. Overall, Zenith Steel Pipes & Industries has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenith Steel Pipes & Industries' Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Zenith Steel Pipes & Industries ranks #271 out of 635 companies for Return-on-Tangible-Asset. This puts Zenith Steel Pipes & Industries in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.07. Zenith Steel Pipes & Industries' value of 3.62% is 74.9% above this benchmark. 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 2.07, based on 635 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. Zenith Steel Pipes & Industries's current Return-on-Tangible-Asset of 3.62% is 74.9% 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 Zenith Steel Pipes & Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenith Steel Pipes & Industries's current Return-on-Tangible-Asset is 3.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenith Steel Pipes & Industries stock overvalued right now?
Based on GuruFocus' analysis, Zenith Steel Pipes & Industries (NSE:ZENITHSTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3.27, compared to a current price of ₹5.61 — trading 71.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.62% and 74.9% above the Steel industry median of 2.07. Zenith Steel Pipes & Industries' overall GF Score™ is 39/100 with 7 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 Zenith Steel Pipes & Industries (NSE:ZENITHSTL), the current Return-on-Tangible-Asset is 3.62% 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 Zenith Steel Pipes & Industries (NSE:ZENITHSTL) Overvalued in 2026?
Based on GuruFocus' analysis, Zenith Steel Pipes & Industries stock appears to be overvalued.
The current stock price of ₹5.61 is trading 71.6% above its estimated GF Value™ of ₹3.27.
GuruFocus considers Zenith Steel Pipes & Industries to be Significantly Overvalued.
Key valuation signals for NSE:ZENITHSTL:
Return-on-Tangible-Asset: 3.62%
GF Value™: ₹3.27 vs. price of ₹5.61 (71.6% above fair value)
Industry Position: 74.9% above the Steel median (#271 of 635)
No single metric tells the full story. See the NSE:ZENITHSTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zenith Steel Pipes & Industries Ltd is a manufacturer of steel pipes in India. Its product portfolio includes Electric Resistance Welded Black pipes, Electric Resistance Welded GI pipes, HSAW Pipes, and others. The vast majority of its revenue comes from India.
39GF Score
Get the complete analysis for NSE:ZENITHSTL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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