JSW HoldingsNSE:JSWHL +1.11%79 Return-on-Tangible-Equity is 0.16% as of Mar. 2026, which is 84% below its 10-year median of 0.97. GuruFocus rates NSE:JSWHL with a GF Score™ of 79/100 and a GF Value™ of ₹9,943.41 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 551 Conglomerates companies, JSW Holdings ranks worse than 76.59% 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. JSW Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₹542 Mil. JSW Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹330,115 Mil. Therefore, JSW Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 0.16%.
The historical rank and industry rank for JSW Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NSE:JSWHL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.97 Max: 1.68
Current: 0.45
During the past 13 years, JSW Holdings's highest Return-on-Tangible-Equity was 1.68%. The lowest was 0.45%. And the median was 0.97%.
NSE:JSWHL's Return-on-Tangible-Equity is ranked worse than 76.59% of 551
companies
in the Conglomerates industry
Industry Median: 7.48
vs NSE:JSWHL: 0.45
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.
JSW Holdings Return-on-Tangible-Equity Related Terms
JSW Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for JSW Holdings'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:JSWHL vs HON, MMM: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, JSW Holdings'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.
JSW Holdings Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, JSW Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JSW Holdings'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 0.16% mean?
JSW Holdings (NSE:JSWHL) has a Return-on-Tangible-Equity of 0.16% 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 JSW Holdings and its competitors. This is 84% below median its historical median of 0.97. Over the past decade, JSW Holdings' Return-on-Tangible-Equity has ranged from 0.45 to 1.68. According to the industry distribution chart, JSW Holdings ranks #422 out of 551 companies in the Conglomerates industry, placing it in the top 76.6%.
Is JSW Holdings' Return-on-Tangible-Equity too high?
JSW Holdings' current Return-on-Tangible-Equity of 0.16% is 84% below median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.68. The Conglomerates industry median Return-on-Tangible-Equity is 7.48. JSW Holdings' value of 0.16% is 97.9% below this industry median. Based on the distribution chart, JSW Holdings ranks #422 out of 551 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, JSW Holdings has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Holdings' Return-on-Tangible-Equity compare to HON and MMM?
According to the Conglomerates industry distribution chart, JSW Holdings ranks #422 out of 551 companies for Return-on-Tangible-Equity. This places JSW Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.48. JSW Holdings' value of 0.16% is 97.9% below this benchmark. Historically, JSW Holdings' own Return-on-Tangible-Equity has ranged from 0.45 to 1.68 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 7.48, JSW Holdings has consistently been below 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 Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.48, based on 551 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. JSW Holdings's current Return-on-Tangible-Equity of 0.16% is 97.9% below 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 JSW Holdings and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Holdings's current Return-on-Tangible-Equity is 0.16%, which is 84% below median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Holdings stock overvalued right now?
Based on GuruFocus' analysis, JSW Holdings (NSE:JSWHL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹9,943.41, compared to a current price of ₹11,248.00 — trading 13.1% above its estimated fair value. The current Return-on-Tangible-Equity is 0.16%, which is 84% below median its 10-year median of 0.97 and 97.9% below the Conglomerates industry median of 7.48. JSW Holdings' overall GF Score™ is 79/100 with 5 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 JSW Holdings (NSE:JSWHL), the current Return-on-Tangible-Equity is 0.16% 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 JSW Holdings (NSE:JSWHL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Holdings stock appears to be overvalued.
The current stock price of ₹11,248.00 is trading 13.1% above its estimated GF Value™ of ₹9,943.41.
GuruFocus considers JSW Holdings to be Modestly Overvalued.
Key valuation signals for NSE:JSWHL:
Return-on-Tangible-Equity: 0.16% (84% below median its 10-year median of 0.97)
GF Value™: ₹9,943.41 vs. price of ₹11,248.00 (13.1% above fair value)
Industry Position: 97.9% below the Conglomerates median (#422 of 551)
No single metric tells the full story. See the NSE:JSWHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Holdings Ltd is a conglomerate company with businesses in steel, energy, infrastructure, and cement. Its primary business segment is Investing and Financing. It derives revenue from Interest Income, Dividend Income, and Pledge Fees. Product offering under Steel includes Hot Rolled, Cold Rolled, Color Coated Products, Galvanized, Galvalume, Avante Steel Doors, and Light Steel Building solutions. The infrastructure business develops seaports and terminals, shipyards, townships, port-based special economic zone, industrial clusters, and last-mile connectivity projects.
79GF Score
Get the complete analysis for NSE:JSWHL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:JSWHL has been successfully added to your 
