Ashapura MinechemNSE:ASHAPURMIN +1.45%81 Return-on-Tangible-Equity is 29.84% as of Mar. 2026, which is 7% above its 10-year median of 27.95. GuruFocus rates NSE:ASHAPURMIN with a GF Score™ of 81/100 and a GF Value™ of ₹765.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,376 Metals & Mining companies, Ashapura Minechem ranks better than 91.62% 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. Ashapura Minechem's annualized net income for the quarter that ended in Mar. 2026 was ₹4,429 Mil. Ashapura Minechem's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹14,845 Mil. Therefore, Ashapura Minechem's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 29.84%.
The historical rank and industry rank for Ashapura Minechem's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ASHAPURMIN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22.36 Med: 27.95 Max: 38.07
Current: 30.53
During the past 13 years, Ashapura Minechem's highest Return-on-Tangible-Equity was 38.07%. The lowest was 22.36%. And the median was 27.95%.
NSE:ASHAPURMIN's Return-on-Tangible-Equity is ranked better than 91.62% of 2376
companies
in the Metals & Mining industry
Industry Median: -16.445
vs NSE:ASHAPURMIN: 30.53
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.
Ashapura Minechem Return-on-Tangible-Equity Related Terms
Ashapura Minechem Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ashapura Minechem'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 Other Industrial Metals & Mining subindustry, Ashapura Minechem'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.
Ashapura Minechem Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ashapura Minechem's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ashapura Minechem'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 29.84% mean?
Ashapura Minechem (NSE:ASHAPURMIN) has a Return-on-Tangible-Equity of 29.84% 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 Ashapura Minechem and its competitors. This is near median its historical median of 27.95. Over the past decade, Ashapura Minechem's Return-on-Tangible-Equity has ranged from 22.36 to 38.07. According to the industry distribution chart, Ashapura Minechem ranks #199 out of 2376 companies in the Metals & Mining industry, placing it in the top 8.4%.
Is Ashapura Minechem's Return-on-Tangible-Equity too high?
Ashapura Minechem's current Return-on-Tangible-Equity of 29.84% is near median its 10-year median of 27.95. Over the past 10 years, this metric has ranged from a low of 22.36 to a high of 38.07. Based on the distribution chart, Ashapura Minechem ranks #199 out of 2376 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Ashapura Minechem has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashapura Minechem's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Ashapura Minechem ranks #199 out of 2376 companies for Return-on-Tangible-Equity. This places Ashapura Minechem in the top 8% of its industry — outperforming the majority of peers. Historically, Ashapura Minechem's own Return-on-Tangible-Equity has ranged from 22.36 to 38.07 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Ashapura Minechem and its competitors. Ashapura Minechem's current Return-on-Tangible-Equity is 29.84%, which is near median its own 10-year median of 27.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashapura Minechem stock overvalued right now?
Based on GuruFocus' analysis, Ashapura Minechem (NSE:ASHAPURMIN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹765.58, compared to a current price of ₹646.35 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Equity is 29.84%, which is near median its 10-year median of 27.95. Ashapura Minechem's overall GF Score™ is 81/100 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 Ashapura Minechem (NSE:ASHAPURMIN), the current Return-on-Tangible-Equity is 29.84% 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 Ashapura Minechem (NSE:ASHAPURMIN) Overvalued in 2026?
Based on GuruFocus' analysis, Ashapura Minechem stock appears to be undervalued.
The current stock price of ₹646.35 is trading 15.6% below its estimated GF Value™ of ₹765.58.
GuruFocus considers Ashapura Minechem to be Modestly Undervalued.
Key valuation signals for NSE:ASHAPURMIN:
Return-on-Tangible-Equity: 29.84% (near median its 10-year median of 27.95)
GF Value™: ₹765.58 vs. price of ₹646.35 (15.6% below fair value)
No single metric tells the full story. See the NSE:ASHAPURMIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashapura Minechem Ltd is engaged in the mining, manufacturing, and trading of various minerals and their derivative products, and related services. The primary products of the company include bentonite, bauxite, kaolin, Calcined China Clay (CCC), and Ground Calcium Carbonate (GCC). The group has a single segment: Minerals and its derivative products. The majority of its revenue is generated through exports.
81GF Score
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