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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. MSP Steel & Power's annualized net income for the quarter that ended in Mar. 2026 was ₹3,408 Mil. MSP Steel & Power's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹10,276 Mil. Therefore, MSP Steel & Power's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 33.16%.
The historical rank and industry rank for MSP Steel & Power's Return-on-Tangible-Equity or its related term are showing as below:
BOM:532650'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -19.98 Med: -3.34 Max: 4.25
Current: 3.47
During the past 13 years, MSP Steel & Power's highest Return-on-Tangible-Equity was 4.25%. The lowest was -19.98%. And the median was -3.34%.
BOM:532650's Return-on-Tangible-Equity is ranked worse than 53.9% of 616
companies
in the Steel industry
Industry Median: 4.195
vs BOM:532650: 3.47
MSP Steel & Power (BOM:532650) 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.
MSP Steel & Power Return-on-Tangible-Equity Related Terms
MSP Steel & Power Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MSP Steel & Power'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:532650 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, MSP Steel & Power'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.
MSP Steel & Power Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, MSP Steel & Power's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MSP Steel & Power'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 33.16% mean?
MSP Steel & Power (BOM:532650) has a Return-on-Tangible-Equity of 33.16% 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 MSP Steel & Power and its competitors. According to the industry distribution chart, MSP Steel & Power ranks #332 out of 616 companies in the Steel industry, placing it in the top 53.9%.
Is MSP Steel & Power's Return-on-Tangible-Equity too high?
MSP Steel & Power's current Return-on-Tangible-Equity is 33.16%. The Steel industry median Return-on-Tangible-Equity is 4.20. MSP Steel & Power's value of 33.16% is 690.5% above this industry median. Based on the distribution chart, MSP Steel & Power ranks #332 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, MSP Steel & Power has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MSP Steel & Power's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, MSP Steel & Power ranks #332 out of 616 companies for Return-on-Tangible-Equity. This places MSP Steel & Power in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.20. MSP Steel & Power's value of 33.16% is 690.5% 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 4.20, 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. MSP Steel & Power's current Return-on-Tangible-Equity of 33.16% is 690.5% 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 MSP Steel & Power and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSP Steel & Power's current Return-on-Tangible-Equity is 33.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSP Steel & Power stock overvalued right now?
Based on GuruFocus' analysis, MSP Steel & Power (BOM:532650) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹21.24, compared to a current price of ₹34.38 — trading 61.9% above its estimated fair value. The current Return-on-Tangible-Equity is 33.16% and 690.5% above the Steel industry median of 4.20. MSP Steel & Power's overall GF Score™ is 53/100 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 MSP Steel & Power (BOM:532650), the current Return-on-Tangible-Equity is 33.16% 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 MSP Steel & Power (BOM:532650) Overvalued in 2026?
Based on GuruFocus' analysis, MSP Steel & Power stock appears to be overvalued.
The current stock price of ₹34.38 is trading 61.9% above its estimated GF Value™ of ₹21.24.
GuruFocus considers MSP Steel & Power to be Significantly Overvalued.
Key valuation signals for BOM:532650:
Return-on-Tangible-Equity: 33.16%
GF Value™: ₹21.24 vs. price of ₹34.38 (61.9% above fair value)
Industry Position: 690.5% above the Steel median (#332 of 616)
No single metric tells the full story. See the BOM:532650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MSP Steel & Power Ltd is engaged in the manufacturing of iron and steel products. It is also engaged in the generation and sale of power. Geographically, it derives a majority of its revenue from India. The company's product offerings include TMT Bar, structural steel, and pipes.
53GF Score
Get the complete analysis for BOM:532650
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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