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. Mughal Iron & Steel Industries's annualized net income for the quarter that ended in Mar. 2026 was ₨1,679 Mil. Mughal Iron & Steel Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₨30,048 Mil. Therefore, Mughal Iron & Steel Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.59%.
The historical rank and industry rank for Mughal Iron & Steel Industries's Return-on-Tangible-Equity or its related term are showing as below:
KAR:MUGHAL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.13 Med: 18.27 Max: 28.98
Current: 7.99
During the past 12 years, Mughal Iron & Steel Industries's highest Return-on-Tangible-Equity was 28.98%. The lowest was 3.13%. And the median was 18.27%.
KAR:MUGHAL's Return-on-Tangible-Equity is ranked better than 68.94% of 615
companies
in the Steel industry
Industry Median: 3.97
vs KAR:MUGHAL: 7.99
Mughal Iron & Steel Industries (KAR:MUGHAL) 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.
Mughal Iron & Steel Industries Return-on-Tangible-Equity Related Terms
Mughal Iron & Steel Industries Return-on-Tangible-Equity Historical Data
* 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.
Mughal Iron & Steel Industries Return-on-Tangible-Equity Chart
KAR:MUGHAL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Mughal Iron & Steel Industries'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.
Mughal Iron & Steel Industries Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Mughal Iron & Steel Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mughal Iron & Steel Industries'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 5.59% mean?
Mughal Iron & Steel Industries (KAR:MUGHAL) has a Return-on-Tangible-Equity of 5.59% 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 Mughal Iron & Steel Industries and its competitors. This is 69% below median its historical median of 18.27. Over the past decade, Mughal Iron & Steel Industries' Return-on-Tangible-Equity has ranged from 3.13 to 28.98. According to the industry distribution chart, Mughal Iron & Steel Industries ranks #191 out of 615 companies in the Steel industry, placing it in the top 31.1%.
Is Mughal Iron & Steel Industries' Return-on-Tangible-Equity too high?
Mughal Iron & Steel Industries' current Return-on-Tangible-Equity of 5.59% is 69% below median its 10-year median of 18.27. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 28.98. The Steel industry median Return-on-Tangible-Equity is 3.97. Mughal Iron & Steel Industries' value of 5.59% is 40.8% above this industry median. Based on the distribution chart, Mughal Iron & Steel Industries ranks #191 out of 615 companies in the Steel industry, which is above the industry midpoint. Overall, Mughal Iron & Steel Industries has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mughal Iron & Steel Industries' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Mughal Iron & Steel Industries ranks #191 out of 615 companies for Return-on-Tangible-Equity. This puts Mughal Iron & Steel Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 3.97. Mughal Iron & Steel Industries' value of 5.59% is 40.8% above this benchmark. Historically, Mughal Iron & Steel Industries' own Return-on-Tangible-Equity has ranged from 3.13 to 28.98 over the past decade. While the company's 10-year median is 18.27 vs. the industry median of 3.97, Mughal Iron & Steel Industries 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 3.97, based on 615 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. Mughal Iron & Steel Industries's current Return-on-Tangible-Equity of 5.59% is 40.8% 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 Mughal Iron & Steel Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mughal Iron & Steel Industries's current Return-on-Tangible-Equity is 5.59%, which is 69% below median its own 10-year median of 18.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mughal Iron & Steel Industries stock overvalued right now?
Based on GuruFocus' analysis, Mughal Iron & Steel Industries (KAR:MUGHAL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨70.34, compared to a current price of ₨88.96 — trading 26.5% above its estimated fair value. The current Return-on-Tangible-Equity is 5.59%, which is 69% below median its 10-year median of 18.27 and 40.8% above the Steel industry median of 3.97. Mughal Iron & Steel Industries' overall GF Score™ is 90/100 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 Mughal Iron & Steel Industries (KAR:MUGHAL), the current Return-on-Tangible-Equity is 5.59% 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 Mughal Iron & Steel Industries (KAR:MUGHAL) Overvalued in 2026?
Based on GuruFocus' analysis, Mughal Iron & Steel Industries stock appears to be overvalued.
The current stock price of ₨88.96 is trading 26.5% above its estimated GF Value™ of ₨70.34.
GuruFocus considers Mughal Iron & Steel Industries to be Modestly Overvalued.
Key valuation signals for KAR:MUGHAL:
Return-on-Tangible-Equity: 5.59% (69% below median its 10-year median of 18.27)
GF Value™: ₨70.34 vs. price of ₨88.96 (26.5% above fair value)
Industry Position: 40.8% above the Steel median (#191 of 615)
No single metric tells the full story. See the KAR:MUGHAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mughal Iron & Steel Industries Business Description
Mughal Iron & Steel Industries Ltd is engaged in the manufacturing and trading of mild steel products. The operating segments of the company are Ferrous, Non-Ferrous, and the Energy segment. The company's main products involve Steel re-bars (G60 / Mughal Supreme), Girders, Billets, Copper ingots, and Copper granules.
90GF Score
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