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Mittal SectionsBOM:544575 13 Return-on-Tangible-Equity is 6.54% as of Mar. 2026, which is 70% below its 10-year median of 22.14. GuruFocus rates BOM:544575 with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 616 Steel companies, Mittal Sections ranks worse than 54.38% 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. Mittal Sections's annualized net income for the quarter that ended in Mar. 2026 was ₹22.4 Mil. Mittal Sections's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹341.8 Mil. Therefore, Mittal Sections's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.54%.
The historical rank and industry rank for Mittal Sections's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544575'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.27 Med: 22.14 Max: 40.27
Current: 3.27
During the past 4 years, Mittal Sections's highest Return-on-Tangible-Equity was 40.27%. The lowest was 3.27%. And the median was 22.14%.
BOM:544575's Return-on-Tangible-Equity is ranked worse than 54.38% of 616
companies
in the Steel industry
Industry Median: 4.13
vs BOM:544575: 3.27
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.
Mittal Sections Return-on-Tangible-Equity Related Terms
Mittal Sections Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mittal Sections'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.
Mittal Sections Return-on-Tangible-Equity Chart
Mittal Sections Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
11.55
32.73
40.27
10.11
Mittal Sections Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
0.00
0.00
24.00
6.54
BOM:544575 vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Mittal Sections'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.
Mittal Sections Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mittal Sections's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mittal Sections'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 two times the semi-annual (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 6.54% mean?
Mittal Sections (BOM:544575) has a Return-on-Tangible-Equity of 6.54% 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 Mittal Sections and its competitors. This is 70% below median its historical median of 22.14. Over the past decade, Mittal Sections' Return-on-Tangible-Equity has ranged from 3.27 to 40.27. According to the industry distribution chart, Mittal Sections ranks #335 out of 616 companies in the Steel industry, placing it in the top 54.4%.
Is Mittal Sections' Return-on-Tangible-Equity too high?
Mittal Sections' current Return-on-Tangible-Equity of 6.54% is 70% below median its 10-year median of 22.14. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 40.27. The Steel industry median Return-on-Tangible-Equity is 4.13. Mittal Sections' value of 6.54% is 58.4% above this industry median. Based on the distribution chart, Mittal Sections ranks #335 out of 616 companies in the Steel industry, which is below the industry midpoint. Overall, Mittal Sections has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Mittal Sections' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Mittal Sections ranks #335 out of 616 companies for Return-on-Tangible-Equity. This places Mittal Sections in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.13. Mittal Sections' value of 6.54% is 58.4% above this benchmark. Historically, Mittal Sections' own Return-on-Tangible-Equity has ranged from 3.27 to 40.27 over the past decade. While the company's 10-year median is 22.14 vs. the industry median of 4.13, Mittal Sections 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 4.13, 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. Mittal Sections's current Return-on-Tangible-Equity of 6.54% is 58.4% 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 Mittal Sections and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mittal Sections's current Return-on-Tangible-Equity is 6.54%, which is 70% below median its own 10-year median of 22.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mittal Sections stock overvalued right now?
Mittal Sections (BOM:544575) has a current Return-on-Tangible-Equity of 6.54%. The current Return-on-Tangible-Equity is 6.54%, which is 70% below median its 10-year median of 22.14 and 58.4% above the Steel industry median of 4.13. Mittal Sections' overall GF Score™ is 13/100 with 6 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 Mittal Sections (BOM:544575), the current Return-on-Tangible-Equity is 6.54% 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.
Mittal Sections Ltd is engaged in the manufacturing and sale of structural steel products. The Company's operations include the manufacturing of steel products and the wholesale trade of metals and metal ores. Its products are mainly sold in the local market.
13GF Score
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