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Manaksia SteelsBOM:539044 +1.77%80 Return-on-Tangible-Equity is 27.79% as of Jun. 2026, which is 272% above its 10-year median of 7.47. GuruFocus rates BOM:539044 with a GF Score™ of 80/100 and a GF Value™ of ₹104.58 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 614 Steel companies, Manaksia Steels ranks better than 82.41% 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. Manaksia Steels's annualized net income for the quarter that ended in Jun. 2026 was ₹906 Mil. Manaksia Steels's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹3,260 Mil. Therefore, Manaksia Steels's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 27.79%.
The historical rank and industry rank for Manaksia Steels's Return-on-Tangible-Equity or its related term are showing as below:
BOM:539044'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.31 Med: 7.47 Max: 18.3
Current: 18.3
During the past 13 years, Manaksia Steels's highest Return-on-Tangible-Equity was 18.30%. The lowest was 3.31%. And the median was 7.47%.
BOM:539044's Return-on-Tangible-Equity is ranked better than 82.41% of 614
companies
in the Steel industry
Industry Median: 4.335
vs BOM:539044: 18.30
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.
Manaksia Steels Return-on-Tangible-Equity Related Terms
Manaksia Steels Return-on-Tangible-Equity Historical Data
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The historical data trend for Manaksia Steels'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:539044 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Manaksia Steels'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.
Manaksia Steels Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Manaksia Steels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manaksia Steels'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 27.79% mean?
Manaksia Steels (BOM:539044) has a Return-on-Tangible-Equity of 27.79% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Manaksia Steels and its competitors. This is 272% above median its historical median of 7.47. Over the past decade, Manaksia Steels' Return-on-Tangible-Equity has ranged from 3.31 to 18.30. According to the industry distribution chart, Manaksia Steels ranks #108 out of 614 companies in the Steel industry, placing it in the top 17.6%.
Is Manaksia Steels' Return-on-Tangible-Equity too high?
Manaksia Steels' current Return-on-Tangible-Equity of 27.79% is 272% above median its 10-year median of 7.47. Over the past 10 years, this metric has ranged from a low of 3.31 to a high of 18.30. The Steel industry median Return-on-Tangible-Equity is 4.34. Manaksia Steels' value of 27.79% is 541.1% above this industry median. Based on the distribution chart, Manaksia Steels ranks #108 out of 614 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Manaksia Steels has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manaksia Steels' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Manaksia Steels ranks #108 out of 614 companies for Return-on-Tangible-Equity. This places Manaksia Steels in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.34. Manaksia Steels' value of 27.79% is 541.1% above this benchmark. Historically, Manaksia Steels' own Return-on-Tangible-Equity has ranged from 3.31 to 18.30 over the past decade. While the company's 10-year median is 7.47 vs. the industry median of 4.34, Manaksia Steels 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 4.34, based on 614 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. Manaksia Steels's current Return-on-Tangible-Equity of 27.79% is 541.1% 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 Manaksia Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manaksia Steels's current Return-on-Tangible-Equity is 27.79%, which is 272% above median its own 10-year median of 7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manaksia Steels stock overvalued right now?
Based on GuruFocus' analysis, Manaksia Steels (BOM:539044) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹104.58, compared to a current price of ₹87.41 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Equity is 27.79%, which is 272% above median its 10-year median of 7.47 and 541.1% above the Steel industry median of 4.34. Manaksia Steels' overall GF Score™ is 80/100 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 Manaksia Steels (BOM:539044), the current Return-on-Tangible-Equity is 27.79% as of Jun. 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 Manaksia Steels (BOM:539044) Overvalued in 2026?
Based on GuruFocus' analysis, Manaksia Steels stock appears to be undervalued.
The current stock price of ₹87.41 is trading 16.4% below its estimated GF Value™ of ₹104.58.
GuruFocus considers Manaksia Steels to be Modestly Undervalued.
Key valuation signals for BOM:539044:
Return-on-Tangible-Equity: 27.79% (272% above median its 10-year median of 7.47)
GF Value™: ₹104.58 vs. price of ₹87.41 (16.4% below fair value)
Industry Position: 541.1% above the Steel median (#108 of 614)
No single metric tells the full story. See the BOM:539044 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manaksia Steels Ltd is a manufacturer of value-added secondary steel products and is poised to cater to the increasing demands overseas and in India for the housing and infrastructure sectors. The company manufactures and sells steel products comprising Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coils, Color Coated Steel sheets and coils, and others. Geographically, it derives a majority of its revenue from India.
80GF Score
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