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Abha Power and SteelNSE:ABHAPOWER -0.19%12 Return-on-Tangible-Equity is 1.61% as of Mar. 2026, which is 86% below its 10-year median of 11.23. GuruFocus rates NSE:ABHAPOWER with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 615 Steel companies, Abha Power and Steel ranks better than 54.63% 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. Abha Power and Steel's annualized net income for the quarter that ended in Mar. 2026 was ₹8.6 Mil. Abha Power and Steel's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹530.8 Mil. Therefore, Abha Power and Steel's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.61%.
The historical rank and industry rank for Abha Power and Steel's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ABHAPOWER'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.39 Med: 11.23 Max: 24.17
Current: 4.7
During the past 5 years, Abha Power and Steel's highest Return-on-Tangible-Equity was 24.17%. The lowest was -6.39%. And the median was 11.23%.
NSE:ABHAPOWER's Return-on-Tangible-Equity is ranked better than 54.63% of 615
companies
in the Steel industry
Industry Median: 4.05
vs NSE:ABHAPOWER: 4.70
Abha Power and Steel (NSE:ABHAPOWER) 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.
Abha Power and Steel Return-on-Tangible-Equity Related Terms
Abha Power and Steel Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Abha Power and Steel'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.
Abha Power and Steel Return-on-Tangible-Equity Chart
NSE:ABHAPOWER vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Abha Power and Steel'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.
Abha Power and Steel Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Abha Power and Steel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Abha Power and Steel'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 1.61% mean?
Abha Power and Steel (NSE:ABHAPOWER) has a Return-on-Tangible-Equity of 1.61% 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 Abha Power and Steel and its competitors. This is 86% below median its historical median of 11.23. According to the industry distribution chart, Abha Power and Steel ranks #279 out of 615 companies in the Steel industry, placing it in the top 45.4%.
Is Abha Power and Steel's Return-on-Tangible-Equity too high?
Abha Power and Steel's current Return-on-Tangible-Equity of 1.61% is 86% below median its 10-year median of 11.23. The Steel industry median Return-on-Tangible-Equity is 4.05. Abha Power and Steel's value of 1.61% is 60.2% below this industry median. Based on the distribution chart, Abha Power and Steel ranks #279 out of 615 companies in the Steel industry, which is above the industry midpoint. Overall, Abha Power and Steel has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Abha Power and Steel's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Abha Power and Steel ranks #279 out of 615 companies for Return-on-Tangible-Equity. This puts Abha Power and Steel in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.05. Abha Power and Steel's value of 1.61% is 60.2% below this benchmark. While the company's 10-year median is 11.23 vs. the industry median of 4.05, Abha Power and Steel has consistently been below 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 4.05, 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. Abha Power and Steel's current Return-on-Tangible-Equity of 1.61% is 60.2% below 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 Abha Power and Steel and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abha Power and Steel's current Return-on-Tangible-Equity is 1.61%, which is 86% below median its own 10-year median of 11.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abha Power and Steel stock overvalued right now?
Abha Power and Steel (NSE:ABHAPOWER) has a current Return-on-Tangible-Equity of 1.61%. The current Return-on-Tangible-Equity is 1.61%, which is 86% below median its 10-year median of 11.23 and 60.2% below the Steel industry median of 4.05. Abha Power and Steel's overall GF Score™ is 12/100 with 3 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 Abha Power and Steel (NSE:ABHAPOWER), the current Return-on-Tangible-Equity is 1.61% 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.
Abha Power and Steel Ltd is engaged in the business of iron and steel foundry, particularly in casting and manufacturing customized products in mostly all grades of iron and steel. Its versatile product portfolio covers all grades of mild steel, spheroidal graphite cast iron, manganese steel, stainless steel, low alloy and high alloy castings (high CR & high Ni), HRCS & WRCS, from as small as 0.5 Kgs to 6 Tonnes single finished casting.
12GF Score
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