AstralNSE:ASTRAL +1.27%97 Return-on-Tangible-Equity is 23.33% as of Mar. 2026, which is 4% above its 10-year median of 22.41. GuruFocus rates NSE:ASTRAL with a GF Score™ of 97/100 and a GF Value™ of ₹2,150.14 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,709 Construction companies, Astral ranks better than 71.04% 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. Astral's annualized net income for the quarter that ended in Mar. 2026 was ₹8,520 Mil. Astral's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹36,517 Mil. Therefore, Astral's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 23.33%.
The historical rank and industry rank for Astral's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ASTRAL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.69 Med: 22.41 Max: 28.67
Current: 15.79
During the past 13 years, Astral's highest Return-on-Tangible-Equity was 28.67%. The lowest was 15.69%. And the median was 22.41%.
NSE:ASTRAL's Return-on-Tangible-Equity is ranked better than 71.04% of 1709
companies
in the Construction industry
Industry Median: 8.21
vs NSE:ASTRAL: 15.79
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.
Astral Return-on-Tangible-Equity Related Terms
Astral Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Astral'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:ASTRAL vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Astral'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.
Astral Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Astral's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Astral'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 23.33% mean?
Astral (NSE:ASTRAL) has a Return-on-Tangible-Equity of 23.33% 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 Astral and its competitors. This is near median its historical median of 22.41. Over the past decade, Astral's Return-on-Tangible-Equity has ranged from 15.69 to 28.67. According to the industry distribution chart, Astral ranks #495 out of 1709 companies in the Construction industry, placing it in the top 29%.
Is Astral's Return-on-Tangible-Equity too high?
Astral's current Return-on-Tangible-Equity of 23.33% is near median its 10-year median of 22.41. Over the past 10 years, this metric has ranged from a low of 15.69 to a high of 28.67. The Construction industry median Return-on-Tangible-Equity is 8.21. Astral's value of 23.33% is 184.2% above this industry median. Based on the distribution chart, Astral ranks #495 out of 1709 companies in the Construction industry, which is above the industry midpoint. Overall, Astral has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Astral's Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Astral ranks #495 out of 1709 companies for Return-on-Tangible-Equity. This puts Astral in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.21. Astral's value of 23.33% is 184.2% above this benchmark. Historically, Astral's own Return-on-Tangible-Equity has ranged from 15.69 to 28.67 over the past decade. While the company's 10-year median is 22.41 vs. the industry median of 8.21, Astral 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.21, based on 1,709 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. Astral's current Return-on-Tangible-Equity of 23.33% is 184.2% 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 Astral and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astral's current Return-on-Tangible-Equity is 23.33%, which is near median its own 10-year median of 22.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astral stock overvalued right now?
Based on GuruFocus' analysis, Astral (NSE:ASTRAL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,150.14, compared to a current price of ₹1,333.80 — trading 38% below its estimated fair value. The current Return-on-Tangible-Equity is 23.33%, which is near median its 10-year median of 22.41 and 184.2% above the Construction industry median of 8.21. Astral's overall GF Score™ is 97/100 with 2 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 Astral (NSE:ASTRAL), the current Return-on-Tangible-Equity is 23.33% 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 Astral (NSE:ASTRAL) Overvalued in 2026?
Based on GuruFocus' analysis, Astral stock appears to be undervalued.
The current stock price of ₹1,333.80 is trading 38% below its estimated GF Value™ of ₹2,150.14.
GuruFocus considers Astral to be Significantly Undervalued.
Key valuation signals for NSE:ASTRAL:
Return-on-Tangible-Equity: 23.33% (near median its 10-year median of 22.41)
GF Value™: ₹2,150.14 vs. price of ₹1,333.80 (38% below fair value)
Industry Position: 184.2% above the Construction median (#495 of 1709)
No single metric tells the full story. See the NSE:ASTRAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astral Ltd manufactures plumbing systems, drainage systems, agriculture, industrial, and electrical conduit pipes with various types of fittings. Operations are divided into two business segment units: Plumbing which is its key revenue generating segment, and Paints and Adhesives. Astral's list of clients includes hospitals, resorts, parks, stadiums, government facilities, and a host of other industries. The majority of the company's products are utilized across India. Pipes and systems are sold under several brand names and can be built to withstand many conditions imposed by a system's environment and meet several requirements and regulations.
97GF Score
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