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Ashoka MetcastNSE:ASHOKAMET +0.75%80 Return-on-Tangible-Equity is 7.29% as of Mar. 2026, which is 59% above its 10-year median of 4.59. GuruFocus rates NSE:ASHOKAMET with a GF Score™ of 80/100 and a GF Value™ of ₹16.15 (Fairly Valued). The stock has 4 warning signs investors should review. Among 615 Steel companies, Ashoka Metcast ranks better than 74.15% 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. Ashoka Metcast's annualized net income for the quarter that ended in Mar. 2026 was ₹88.9 Mil. Ashoka Metcast's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,219.7 Mil. Therefore, Ashoka Metcast's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.29%.
The historical rank and industry rank for Ashoka Metcast's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ASHOKAMET'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.76 Med: 4.59 Max: 138.96
Current: 9.43
During the past 13 years, Ashoka Metcast's highest Return-on-Tangible-Equity was 138.96%. The lowest was -2.76%. And the median was 4.59%.
NSE:ASHOKAMET's Return-on-Tangible-Equity is ranked better than 74.15% of 615
companies
in the Steel industry
Industry Median: 3.97
vs NSE:ASHOKAMET: 9.43
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.
Ashoka Metcast Return-on-Tangible-Equity Related Terms
Ashoka Metcast Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ashoka Metcast'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.
NSE:ASHOKAMET vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Ashoka Metcast'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.
Ashoka Metcast Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Ashoka Metcast's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ashoka Metcast'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 7.29% mean?
Ashoka Metcast (NSE:ASHOKAMET) has a Return-on-Tangible-Equity of 7.29% 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 Ashoka Metcast and its competitors. This is 59% above median its historical median of 4.59. According to the industry distribution chart, Ashoka Metcast ranks #159 out of 615 companies in the Steel industry, placing it in the top 25.9%.
Is Ashoka Metcast's Return-on-Tangible-Equity too high?
Ashoka Metcast's current Return-on-Tangible-Equity of 7.29% is 59% above median its 10-year median of 4.59. The Steel industry median Return-on-Tangible-Equity is 3.97. Ashoka Metcast's value of 7.29% is 83.6% above this industry median. Based on the distribution chart, Ashoka Metcast ranks #159 out of 615 companies in the Steel industry, which is above the industry midpoint. Overall, Ashoka Metcast has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashoka Metcast's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Ashoka Metcast ranks #159 out of 615 companies for Return-on-Tangible-Equity. This puts Ashoka Metcast in the upper half of its industry. The industry median Return-on-Tangible-Equity is 3.97. Ashoka Metcast's value of 7.29% is 83.6% above this benchmark. While the company's 10-year median is 4.59 vs. the industry median of 3.97, Ashoka Metcast 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. Ashoka Metcast's current Return-on-Tangible-Equity of 7.29% is 83.6% 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 Ashoka Metcast 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. Ashoka Metcast's current Return-on-Tangible-Equity is 7.29%, which is 59% above median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashoka Metcast stock overvalued right now?
Based on GuruFocus' analysis, Ashoka Metcast (NSE:ASHOKAMET) is currently considered Fairly Valued. The stock's GF Value™ is ₹16.15, compared to a current price of ₹14.75 — trading 8.7% below its estimated fair value. The current Return-on-Tangible-Equity is 7.29%, which is 59% above median its 10-year median of 4.59 and 83.6% above the Steel industry median of 3.97. Ashoka Metcast's overall GF Score™ is 80/100 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 Ashoka Metcast (NSE:ASHOKAMET), the current Return-on-Tangible-Equity is 7.29% 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 Ashoka Metcast (NSE:ASHOKAMET) Overvalued in 2026?
Based on GuruFocus' analysis, Ashoka Metcast stock appears to be undervalued.
The current stock price of ₹14.75 is trading 8.7% below its estimated GF Value™ of ₹16.15.
GuruFocus considers Ashoka Metcast to be Fairly Valued.
Key valuation signals for NSE:ASHOKAMET:
Return-on-Tangible-Equity: 7.29% (59% above median its 10-year median of 4.59)
GF Value™: ₹16.15 vs. price of ₹14.75 (8.7% below fair value)
Industry Position: 83.6% above the Steel median (#159 of 615)
No single metric tells the full story. See the NSE:ASHOKAMET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.
80GF Score
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