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Highway InfrastructureBOM:544477 -1.47%18 Return-on-Tangible-Equity is 15.45% as of Mar. 2026, which is 18% below its 10-year median of 18.80. GuruFocus rates BOM:544477 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,713 Construction companies, Highway Infrastructure ranks better than 72.97% 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. Highway Infrastructure's annualized net income for the quarter that ended in Mar. 2026 was ₹353 Mil. Highway Infrastructure's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹2,282 Mil. Therefore, Highway Infrastructure's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.45%.
The historical rank and industry rank for Highway Infrastructure's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544477'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.35 Med: 18.8 Max: 22.67
Current: 17.44
During the past 5 years, Highway Infrastructure's highest Return-on-Tangible-Equity was 22.67%. The lowest was 13.35%. And the median was 18.80%.
BOM:544477's Return-on-Tangible-Equity is ranked better than 72.97% of 1713
companies
in the Construction industry
Industry Median: 8.19
vs BOM:544477: 17.44
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.
Highway Infrastructure Return-on-Tangible-Equity Related Terms
Highway Infrastructure Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Highway Infrastructure'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.
For the Infrastructure Operations subindustry, Highway Infrastructure'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.
Highway Infrastructure Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Highway Infrastructure's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Highway Infrastructure'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 15.45% mean?
Highway Infrastructure (BOM:544477) has a Return-on-Tangible-Equity of 15.45% 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 Highway Infrastructure and its competitors. This is 18% below median its historical median of 18.80. Over the past decade, Highway Infrastructure's Return-on-Tangible-Equity has ranged from 13.35 to 22.67. According to the industry distribution chart, Highway Infrastructure ranks #463 out of 1713 companies in the Construction industry, placing it in the top 27%.
Is Highway Infrastructure's Return-on-Tangible-Equity too high?
Highway Infrastructure's current Return-on-Tangible-Equity of 15.45% is 18% below median its 10-year median of 18.80. Over the past 10 years, this metric has ranged from a low of 13.35 to a high of 22.67. The Construction industry median Return-on-Tangible-Equity is 8.19. Highway Infrastructure's value of 15.45% is 88.6% above this industry median. Based on the distribution chart, Highway Infrastructure ranks #463 out of 1713 companies in the Construction industry, which is above the industry midpoint. Overall, Highway Infrastructure has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Highway Infrastructure's Return-on-Tangible-Equity compare to competitors?
According to the Construction industry distribution chart, Highway Infrastructure ranks #463 out of 1713 companies for Return-on-Tangible-Equity. This puts Highway Infrastructure in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.19. Highway Infrastructure's value of 15.45% is 88.6% above this benchmark. Historically, Highway Infrastructure's own Return-on-Tangible-Equity has ranged from 13.35 to 22.67 over the past decade. While the company's 10-year median is 18.80 vs. the industry median of 8.19, Highway Infrastructure 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.19, based on 1,713 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. Highway Infrastructure's current Return-on-Tangible-Equity of 15.45% is 88.6% 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 Highway Infrastructure and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highway Infrastructure's current Return-on-Tangible-Equity is 15.45%, which is 18% below median its own 10-year median of 18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highway Infrastructure stock overvalued right now?
Highway Infrastructure (BOM:544477) has a current Return-on-Tangible-Equity of 15.45%. The current Return-on-Tangible-Equity is 15.45%, which is 18% below median its 10-year median of 18.80 and 88.6% above the Construction industry median of 8.19. Highway Infrastructure's overall GF Score™ is 18/100 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 Highway Infrastructure (BOM:544477), the current Return-on-Tangible-Equity is 15.45% 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.
Highway Infrastructure Ltd is an infrastructure development and management Company. It is engaged in the business of tollway collection, EPC Infra and real estate business. It is one of the few toll operators who have managed tollway collection based on ANPR technology on Delhi-Meerut Expressway. The Company has operated tolls on some of the known inter-state and intra-state expressways across 11 states and one Union Territory.
18GF Score
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