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Nitin CastingsBOM:508875 -0.13%74 Return-on-Tangible-Equity is 7.64% as of Mar. 2026, which is 1% above its 10-year median of 7.60. GuruFocus rates BOM:508875 with a GF Score™ of 74/100 and a GF Value™ of ₹593.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,973 Industrial Products companies, Nitin Castings ranks better than 70.23% on this metric.
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. Nitin Castings's annualized net income for the quarter that ended in Mar. 2026 was ₹70 Mil. Nitin Castings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹917 Mil. Therefore, Nitin Castings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.64%.
The historical rank and industry rank for Nitin Castings's Return-on-Tangible-Equity or its related term are showing as below:
BOM:508875'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.21 Med: 7.6 Max: 18.43
Current: 12.15
During the past 13 years, Nitin Castings's highest Return-on-Tangible-Equity was 18.43%. The lowest was 2.21%. And the median was 7.60%.
BOM:508875's Return-on-Tangible-Equity is ranked better than 70.23% of 2973
companies
in the Industrial Products industry
Industry Median: 6.79
vs BOM:508875: 12.15
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.
Nitin Castings Return-on-Tangible-Equity Related Terms
Nitin Castings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nitin Castings'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.
BOM:508875 vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, Nitin Castings'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.
Nitin Castings Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitin Castings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nitin Castings'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 7.64% mean?
Nitin Castings (BOM:508875) has a Return-on-Tangible-Equity of 7.64% 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 Nitin Castings and its competitors. This is near median its historical median of 7.60. Over the past decade, Nitin Castings' Return-on-Tangible-Equity has ranged from 2.21 to 18.43. According to the industry distribution chart, Nitin Castings ranks #885 out of 2973 companies in the Industrial Products industry, placing it in the top 29.8%.
Is Nitin Castings' Return-on-Tangible-Equity too high?
Nitin Castings' current Return-on-Tangible-Equity of 7.64% is near median its 10-year median of 7.60. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 18.43. The Industrial Products industry median Return-on-Tangible-Equity is 6.79. Nitin Castings' value of 7.64% is 12.5% above this industry median. Based on the distribution chart, Nitin Castings ranks #885 out of 2973 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Nitin Castings has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitin Castings' Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Nitin Castings ranks #885 out of 2973 companies for Return-on-Tangible-Equity. This puts Nitin Castings in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.79. Nitin Castings' value of 7.64% is 12.5% above this benchmark. Historically, Nitin Castings' own Return-on-Tangible-Equity has ranged from 2.21 to 18.43 over the past decade. While the company's 10-year median is 7.60 vs. the industry median of 6.79, Nitin Castings 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-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.79, based on 2,973 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. Nitin Castings's current Return-on-Tangible-Equity of 7.64% is 12.5% 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-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 Nitin Castings and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitin Castings's current Return-on-Tangible-Equity is 7.64%, which is near median its own 10-year median of 7.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitin Castings stock overvalued right now?
Based on GuruFocus' analysis, Nitin Castings (BOM:508875) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹593.75, compared to a current price of ₹521.05 — trading 12.2% below its estimated fair value. The current Return-on-Tangible-Equity is 7.64%, which is near median its 10-year median of 7.60 and 12.5% above the Industrial Products industry median of 6.79. Nitin Castings' overall GF Score™ is 74/100 with 2 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 Nitin Castings (BOM:508875), the current Return-on-Tangible-Equity is 7.64% 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 Nitin Castings (BOM:508875) Overvalued in 2026?
Based on GuruFocus' analysis, Nitin Castings stock appears to be undervalued.
The current stock price of ₹521.05 is trading 12.2% below its estimated GF Value™ of ₹593.75.
GuruFocus considers Nitin Castings to be Modestly Undervalued.
Key valuation signals for BOM:508875:
Return-on-Tangible-Equity: 7.64% (near median its 10-year median of 7.60)
GF Value™: ₹593.75 vs. price of ₹521.05 (12.2% below fair value)
Industry Position: 12.5% above the Industrial Products median (#885 of 2973)
No single metric tells the full story. See the BOM:508875 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitin Castings Ltd is an Indian based company that operates in the alloy steel castings business. It is involved in the manufacturing of manganese steel, low alloy steel, and chromium steel. The product offered by the group includes balls for ball valves, seat rings, cages, hydrant valves, strainers, grate bars, chain links, side plates, and others. The company operates in a single segment, i.e., Manufacturing of Alloy Steel Castings.
74GF Score
Get the complete analysis for BOM:508875
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