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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Azad India Mobility's annualized net income for the quarter that ended in Mar. 2026 was ₹57.4 Mil. Azad India Mobility's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,338.8 Mil. Therefore, Azad India Mobility's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.29%.
The historical rank and industry rank for Azad India Mobility's Return-on-Tangible-Equity or its related term are showing as below:
BOM:504731'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -74.41 Med: -18.69 Max: 2.48
Current: 2.23
During the past 13 years, Azad India Mobility's highest Return-on-Tangible-Equity was 2.48%. The lowest was -74.41%. And the median was -18.69%.
BOM:504731's Return-on-Tangible-Equity is ranked worse than 59.25% of 616
companies
in the Steel industry
Industry Median: 4.23
vs BOM:504731: 2.23
Azad India Mobility (BOM:504731) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Azad India Mobility Return-on-Tangible-Equity Related Terms
Azad India Mobility Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Azad India Mobility's Return-on-Tangible-Equity 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.
Azad India Mobility Return-on-Tangible-Equity Chart
BOM:504731 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Azad India Mobility's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Azad India Mobility Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Azad India Mobility's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Azad India Mobility's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 4.29% mean?
Azad India Mobility (BOM:504731) has a Return-on-Tangible-Equity of 4.29% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Azad India Mobility and its competitors. According to the industry distribution chart, Azad India Mobility ranks #365 out of 616 companies in the Steel industry, placing it in the top 59.3%.
Is Azad India Mobility's Return-on-Tangible-Equity too high?
Azad India Mobility's current Return-on-Tangible-Equity is 4.29%. The Steel industry median Return-on-Tangible-Equity is 4.23. Azad India Mobility's value of 4.29% is 1.4% above this industry median. Based on the distribution chart, Azad India Mobility ranks #365 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, Azad India Mobility has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Azad India Mobility's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Azad India Mobility ranks #365 out of 616 companies for Return-on-Tangible-Equity. This places Azad India Mobility in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.23. Azad India Mobility's value of 4.29% is 1.4% 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-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.23, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azad India Mobility's current Return-on-Tangible-Equity of 4.29% is 1.4% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Azad India Mobility and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azad India Mobility's current Return-on-Tangible-Equity is 4.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azad India Mobility stock overvalued right now?
Azad India Mobility (BOM:504731) has a current Return-on-Tangible-Equity of 4.29%. The current Return-on-Tangible-Equity is 4.29% and 1.4% above the Steel industry median of 4.23. Azad India Mobility's overall GF Score™ is 32/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Azad India Mobility (BOM:504731), the current Return-on-Tangible-Equity is 4.29% 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.
Azad India Mobility Ltd is engaged in the business of manufacturing of electric buses designed for superior efficiency, safety, and passenger comfort. The company operates only in India.
32GF Score
Get the complete analysis for BOM:504731
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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