Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kanishk Steel IndustriesBOM:513456 +2.77%64 Return-on-Tangible-Equity is 4.52% as of Mar. 2026, which is 30% below its 10-year median of 6.45. GuruFocus rates BOM:513456 with a GF Score™ of 64/100 and a GF Value™ of ₹36.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 616 Steel companies, Kanishk Steel Industries ranks better than 61.53% 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. Kanishk Steel Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹50 Mil. Kanishk Steel Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,107 Mil. Therefore, Kanishk Steel Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.52%.
The historical rank and industry rank for Kanishk Steel Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:513456'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.06 Med: 6.45 Max: 36.42
Current: 6.18
During the past 13 years, Kanishk Steel Industries's highest Return-on-Tangible-Equity was 36.42%. The lowest was 1.06%. And the median was 6.45%.
BOM:513456's Return-on-Tangible-Equity is ranked better than 61.53% of 616
companies
in the Steel industry
Industry Median: 4.23
vs BOM:513456: 6.18
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.
Kanishk Steel Industries Return-on-Tangible-Equity Related Terms
Kanishk Steel Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kanishk Steel Industries'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:513456 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Kanishk Steel Industries'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.
Kanishk Steel Industries Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Kanishk Steel Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kanishk Steel Industries'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 4.52% mean?
Kanishk Steel Industries (BOM:513456) has a Return-on-Tangible-Equity of 4.52% 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 Kanishk Steel Industries and its competitors. This is 30% below median its historical median of 6.45. Over the past decade, Kanishk Steel Industries' Return-on-Tangible-Equity has ranged from 1.06 to 36.42. According to the industry distribution chart, Kanishk Steel Industries ranks #237 out of 616 companies in the Steel industry, placing it in the top 38.5%.
Is Kanishk Steel Industries' Return-on-Tangible-Equity too high?
Kanishk Steel Industries' current Return-on-Tangible-Equity of 4.52% is 30% below median its 10-year median of 6.45. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 36.42. The Steel industry median Return-on-Tangible-Equity is 4.23. Kanishk Steel Industries' value of 4.52% is 6.9% above this industry median. Based on the distribution chart, Kanishk Steel Industries ranks #237 out of 616 companies in the Steel industry, which is above the industry midpoint. Overall, Kanishk Steel Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kanishk Steel Industries' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Kanishk Steel Industries ranks #237 out of 616 companies for Return-on-Tangible-Equity. This puts Kanishk Steel Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.23. Kanishk Steel Industries' value of 4.52% is 6.9% above this benchmark. Historically, Kanishk Steel Industries' own Return-on-Tangible-Equity has ranged from 1.06 to 36.42 over the past decade. While the company's 10-year median is 6.45 vs. the industry median of 4.23, Kanishk Steel Industries 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 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. Kanishk Steel Industries's current Return-on-Tangible-Equity of 4.52% is 6.9% 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-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 Kanishk Steel Industries 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. Kanishk Steel Industries's current Return-on-Tangible-Equity is 4.52%, which is 30% below median its own 10-year median of 6.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kanishk Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Kanishk Steel Industries (BOM:513456) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹36.51, compared to a current price of ₹51.18 — trading 40.2% above its estimated fair value. The current Return-on-Tangible-Equity is 4.52%, which is 30% below median its 10-year median of 6.45 and 6.9% above the Steel industry median of 4.23. Kanishk Steel Industries' overall GF Score™ is 64/100 with 4 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 Kanishk Steel Industries (BOM:513456), the current Return-on-Tangible-Equity is 4.52% 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 Kanishk Steel Industries (BOM:513456) Overvalued in 2026?
Based on GuruFocus' analysis, Kanishk Steel Industries stock appears to be overvalued.
The current stock price of ₹51.18 is trading 40.2% above its estimated GF Value™ of ₹36.51.
GuruFocus considers Kanishk Steel Industries to be Significantly Overvalued.
Key valuation signals for BOM:513456:
Return-on-Tangible-Equity: 4.52% (30% below median its 10-year median of 6.45)
GF Value™: ₹36.51 vs. price of ₹51.18 (40.2% above fair value)
Industry Position: 6.9% above the Steel median (#237 of 616)
No single metric tells the full story. See the BOM:513456 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kanishk Steel Industries Ltd is engaged in the manufacture and supply of Iron and Steel Products. The company manufactures steel products (Finished goods), both Constructional steel and Structural steel. Its products include TMT Bars, Structurals, and Sponge Iron.
64GF Score
Get the complete analysis for BOM:513456
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:513456 has been successfully added to your 
