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Suraj ProductsBOM:518075 +1.09%76 Return-on-Tangible-Equity is 16.60% as of Mar. 2026, which is 3% above its 10-year median of 16.18. GuruFocus rates BOM:518075 with a GF Score™ of 76/100 and a GF Value™ of ₹345.60 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 616 Steel companies, Suraj Products ranks better than 79.87% 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. Suraj Products's annualized net income for the quarter that ended in Mar. 2026 was ₹276 Mil. Suraj Products's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,659 Mil. Therefore, Suraj Products's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.60%.
The historical rank and industry rank for Suraj Products's Return-on-Tangible-Equity or its related term are showing as below:
BOM:518075'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.21 Med: 16.18 Max: 35.43
Current: 11.94
During the past 13 years, Suraj Products's highest Return-on-Tangible-Equity was 35.43%. The lowest was 3.21%. And the median was 16.18%.
BOM:518075's Return-on-Tangible-Equity is ranked better than 79.87% of 616
companies
in the Steel industry
Industry Median: 4.24
vs BOM:518075: 11.94
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.
Suraj Products Return-on-Tangible-Equity Related Terms
Suraj Products Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Suraj Products'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:518075 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Suraj Products'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.
Suraj Products Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Suraj Products's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Suraj Products'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 16.60% mean?
Suraj Products (BOM:518075) has a Return-on-Tangible-Equity of 16.60% 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 Suraj Products and its competitors. This is near median its historical median of 16.18. Over the past decade, Suraj Products' Return-on-Tangible-Equity has ranged from 3.21 to 35.43. According to the industry distribution chart, Suraj Products ranks #124 out of 616 companies in the Steel industry, placing it in the top 20.1%.
Is Suraj Products' Return-on-Tangible-Equity too high?
Suraj Products' current Return-on-Tangible-Equity of 16.60% is near median its 10-year median of 16.18. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 35.43. The Steel industry median Return-on-Tangible-Equity is 4.24. Suraj Products' value of 16.60% is 291.5% above this industry median. Based on the distribution chart, Suraj Products ranks #124 out of 616 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Suraj Products has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suraj Products' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Suraj Products ranks #124 out of 616 companies for Return-on-Tangible-Equity. This places Suraj Products in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.24. Suraj Products' value of 16.60% is 291.5% above this benchmark. Historically, Suraj Products' own Return-on-Tangible-Equity has ranged from 3.21 to 35.43 over the past decade. While the company's 10-year median is 16.18 vs. the industry median of 4.24, Suraj Products 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 4.24, 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. Suraj Products's current Return-on-Tangible-Equity of 16.60% is 291.5% 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 Suraj Products and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suraj Products's current Return-on-Tangible-Equity is 16.60%, which is near median its own 10-year median of 16.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suraj Products stock overvalued right now?
Based on GuruFocus' analysis, Suraj Products (BOM:518075) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹345.60, compared to a current price of ₹221.95 — trading 35.8% below its estimated fair value. The current Return-on-Tangible-Equity is 16.60%, which is near median its 10-year median of 16.18 and 291.5% above the Steel industry median of 4.24. Suraj Products' overall GF Score™ is 76/100 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 Suraj Products (BOM:518075), the current Return-on-Tangible-Equity is 16.60% 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 Suraj Products (BOM:518075) Overvalued in 2026?
Based on GuruFocus' analysis, Suraj Products stock appears to be undervalued.
The current stock price of ₹221.95 is trading 35.8% below its estimated GF Value™ of ₹345.60.
GuruFocus considers Suraj Products to be Significantly Undervalued.
Key valuation signals for BOM:518075:
Return-on-Tangible-Equity: 16.60% (near median its 10-year median of 16.18)
GF Value™: ₹345.60 vs. price of ₹221.95 (35.8% below fair value)
Industry Position: 291.5% above the Steel median (#124 of 616)
No single metric tells the full story. See the BOM:518075 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suraj Products Ltd is in production of Sponge Iron. The company has a single business segment finished products from Iron Ore. The company has products namely TMT Bar, Pig Iron, Sponge Iron, MS Ingot, and others.
76GF Score
Get the complete analysis for BOM:518075
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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