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Delta AutocorpNSE:DELTIC -0.14%37 Return-on-Tangible-Equity is 9.61% as of Mar. 2026, which is 72% below its 10-year median of 34.22. GuruFocus rates NSE:DELTIC with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 1,281 Vehicles & Parts companies, Delta Autocorp ranks worse than 61.2% 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. Delta Autocorp's annualized net income for the quarter that ended in Mar. 2026 was ₹69.9 Mil. Delta Autocorp's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹727.6 Mil. Therefore, Delta Autocorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.61%.
The historical rank and industry rank for Delta Autocorp's Return-on-Tangible-Equity or its related term are showing as below:
NSE:DELTIC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.81 Med: 34.22 Max: 93.24
Current: 4.81
During the past 6 years, Delta Autocorp's highest Return-on-Tangible-Equity was 93.24%. The lowest was 4.81%. And the median was 34.22%.
NSE:DELTIC's Return-on-Tangible-Equity is ranked worse than 61.2% of 1281
companies
in the Vehicles & Parts industry
Industry Median: 7.63
vs NSE:DELTIC: 4.81
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.
Delta Autocorp Return-on-Tangible-Equity Related Terms
Delta Autocorp Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Delta Autocorp'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:DELTIC vs TSLA, GM, F: Return-on-Tangible-Equity Comparison
For the Auto Manufacturers subindustry, Delta Autocorp'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.
Delta Autocorp Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Delta Autocorp's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Delta Autocorp'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 9.61% mean?
Delta Autocorp (NSE:DELTIC) has a Return-on-Tangible-Equity of 9.61% 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 Delta Autocorp and its competitors. This is 72% below median its historical median of 34.22. Over the past decade, Delta Autocorp's Return-on-Tangible-Equity has ranged from 4.81 to 93.24. According to the industry distribution chart, Delta Autocorp ranks #784 out of 1281 companies in the Vehicles & Parts industry, placing it in the top 61.2%.
Is Delta Autocorp's Return-on-Tangible-Equity too high?
Delta Autocorp's current Return-on-Tangible-Equity of 9.61% is 72% below median its 10-year median of 34.22. Over the past 10 years, this metric has ranged from a low of 4.81 to a high of 93.24. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.63. Delta Autocorp's value of 9.61% is 26% above this industry median. Based on the distribution chart, Delta Autocorp ranks #784 out of 1281 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Delta Autocorp has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Delta Autocorp's Return-on-Tangible-Equity compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Delta Autocorp ranks #784 out of 1281 companies for Return-on-Tangible-Equity. This places Delta Autocorp in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.63. Delta Autocorp's value of 9.61% is 26% above this benchmark. Historically, Delta Autocorp's own Return-on-Tangible-Equity has ranged from 4.81 to 93.24 over the past decade. While the company's 10-year median is 34.22 vs. the industry median of 7.63, Delta Autocorp 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.63, based on 1,281 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. Delta Autocorp's current Return-on-Tangible-Equity of 9.61% is 26% 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 Delta Autocorp and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Autocorp's current Return-on-Tangible-Equity is 9.61%, which is 72% below median its own 10-year median of 34.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Autocorp stock overvalued right now?
Delta Autocorp (NSE:DELTIC) has a current Return-on-Tangible-Equity of 9.61%. The current Return-on-Tangible-Equity is 9.61%, which is 72% below median its 10-year median of 34.22 and 26% above the Vehicles & Parts industry median of 7.63. Delta Autocorp's overall GF Score™ is 37/100 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 Delta Autocorp (NSE:DELTIC), the current Return-on-Tangible-Equity is 9.61% 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.
Delta Autocorp Ltd manufacture and sell 2W & 3W EVs using components procured from reputed Original Equipment Manufacturers (OEMs) who use design & engineering specifications. It operates under the brand name Deltic, Specializing in the production of Electric 2W and 3W vehicles. Its product range encompasses electric scooters in the 2W category, along with electric rickshaws, electric loaders, and electric garbage carts in the 3W category along with spare parts and accessories of 2W and 3W like motors, DC-DC Converter, Speedometer etc.
37GF Score
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