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ISGEC Heavy EngineeringNSE:ISGEC -2.15%79 Return-on-Tangible-Equity is 10.92% as of Mar. 2026, which is 12% above its 10-year median of 9.74. GuruFocus rates NSE:ISGEC with a GF Score™ of 79/100 and a GF Value™ of ₹1,063.83 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,972 Industrial Products companies, ISGEC Heavy Engineering ranks better than 59.15% 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. ISGEC Heavy Engineering's annualized net income for the quarter that ended in Mar. 2026 was ₹2,929 Mil. ISGEC Heavy Engineering's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹26,829 Mil. Therefore, ISGEC Heavy Engineering's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.92%.
The historical rank and industry rank for ISGEC Heavy Engineering's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ISGEC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.06 Med: 9.74 Max: 22.16
Current: 8.85
During the past 13 years, ISGEC Heavy Engineering's highest Return-on-Tangible-Equity was 22.16%. The lowest was 4.06%. And the median was 9.74%.
NSE:ISGEC's Return-on-Tangible-Equity is ranked better than 59.15% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs NSE:ISGEC: 8.85
ISGEC Heavy Engineering (NSE:ISGEC) 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.
ISGEC Heavy Engineering Return-on-Tangible-Equity Related Terms
ISGEC Heavy Engineering Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for ISGEC Heavy Engineering'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.
ISGEC Heavy Engineering Return-on-Tangible-Equity Chart
NSE:ISGEC vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, ISGEC Heavy Engineering'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.
ISGEC Heavy Engineering Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ISGEC Heavy Engineering's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where ISGEC Heavy Engineering'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 10.92% mean?
ISGEC Heavy Engineering (NSE:ISGEC) has a Return-on-Tangible-Equity of 10.92% 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 ISGEC Heavy Engineering and its competitors. This is 12% above median its historical median of 9.74. Over the past decade, ISGEC Heavy Engineering's Return-on-Tangible-Equity has ranged from 4.06 to 22.16. According to the industry distribution chart, ISGEC Heavy Engineering ranks #1214 out of 2972 companies in the Industrial Products industry, placing it in the top 40.8%.
Is ISGEC Heavy Engineering's Return-on-Tangible-Equity too high?
ISGEC Heavy Engineering's current Return-on-Tangible-Equity of 10.92% is 12% above median its 10-year median of 9.74. Over the past 10 years, this metric has ranged from a low of 4.06 to a high of 22.16. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. ISGEC Heavy Engineering's value of 10.92% is 61.1% above this industry median. Based on the distribution chart, ISGEC Heavy Engineering ranks #1214 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, ISGEC Heavy Engineering has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ISGEC Heavy Engineering's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, ISGEC Heavy Engineering ranks #1214 out of 2972 companies for Return-on-Tangible-Equity. This puts ISGEC Heavy Engineering in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.78. ISGEC Heavy Engineering's value of 10.92% is 61.1% above this benchmark. Historically, ISGEC Heavy Engineering's own Return-on-Tangible-Equity has ranged from 4.06 to 22.16 over the past decade. While the company's 10-year median is 9.74 vs. the industry median of 6.78, ISGEC Heavy Engineering 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,972 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. ISGEC Heavy Engineering's current Return-on-Tangible-Equity of 10.92% is 61.1% 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 ISGEC Heavy Engineering and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ISGEC Heavy Engineering's current Return-on-Tangible-Equity is 10.92%, which is 12% above median its own 10-year median of 9.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ISGEC Heavy Engineering stock overvalued right now?
Based on GuruFocus' analysis, ISGEC Heavy Engineering (NSE:ISGEC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,063.83, compared to a current price of ₹854.75 — trading 19.7% below its estimated fair value. The current Return-on-Tangible-Equity is 10.92%, which is 12% above median its 10-year median of 9.74 and 61.1% above the Industrial Products industry median of 6.78. ISGEC Heavy Engineering's overall GF Score™ is 79/100 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 ISGEC Heavy Engineering (NSE:ISGEC), the current Return-on-Tangible-Equity is 10.92% 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 ISGEC Heavy Engineering (NSE:ISGEC) Overvalued in 2026?
Based on GuruFocus' analysis, ISGEC Heavy Engineering stock appears to be undervalued.
The current stock price of ₹854.75 is trading 19.7% below its estimated GF Value™ of ₹1,063.83.
GuruFocus considers ISGEC Heavy Engineering to be Modestly Undervalued.
Key valuation signals for NSE:ISGEC:
Return-on-Tangible-Equity: 10.92% (12% above median its 10-year median of 9.74)
GF Value™: ₹1,063.83 vs. price of ₹854.75 (19.7% below fair value)
Industry Position: 61.1% above the Industrial Products median (#1214 of 2972)
No single metric tells the full story. See the NSE:ISGEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The Manufacturing of Machinery & Equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The Engineering, Procurement & Construction segment which derives maximum revenue, generates it based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and others. The company earns the larger part of its revenue in India and the rest from international markets through countries like Nigeria, the USA, Australia, the UAE.
79GF Score
Get the complete analysis for NSE:ISGEC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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