Kalyani SteelsNSE:KSL +4.49%79 Return-on-Tangible-Equity is 13.62% as of Mar. 2026, which is 13% below its 10-year median of 15.67. GuruFocus rates NSE:KSL with a GF Score™ of 79/100 and a GF Value™ of ₹762.96 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 614 Steel companies, Kalyani Steels ranks better than 83.71% 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. Kalyani Steels's annualized net income for the quarter that ended in Mar. 2026 was ₹2,867 Mil. Kalyani Steels's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹21,046 Mil. Therefore, Kalyani Steels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.62%.
The historical rank and industry rank for Kalyani Steels's Return-on-Tangible-Equity or its related term are showing as below:
NSE:KSL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.7 Med: 15.67 Max: 25.43
Current: 12.97
During the past 13 years, Kalyani Steels's highest Return-on-Tangible-Equity was 25.43%. The lowest was 11.70%. And the median was 15.67%.
NSE:KSL's Return-on-Tangible-Equity is ranked better than 83.71% of 614
companies
in the Steel industry
Industry Median: 3.95
vs NSE:KSL: 12.97
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.
Kalyani Steels Return-on-Tangible-Equity Related Terms
Kalyani Steels Return-on-Tangible-Equity Historical Data
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The historical data trend for Kalyani Steels'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:KSL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Kalyani Steels'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.
Kalyani Steels Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Kalyani Steels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kalyani Steels'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 13.62% mean?
Kalyani Steels (NSE:KSL) has a Return-on-Tangible-Equity of 13.62% 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 Kalyani Steels and its competitors. This is 13% below median its historical median of 15.67. Over the past decade, Kalyani Steels' Return-on-Tangible-Equity has ranged from 11.70 to 25.43. According to the industry distribution chart, Kalyani Steels ranks #100 out of 614 companies in the Steel industry, placing it in the top 16.3%.
Is Kalyani Steels' Return-on-Tangible-Equity too high?
Kalyani Steels' current Return-on-Tangible-Equity of 13.62% is 13% below median its 10-year median of 15.67. Over the past 10 years, this metric has ranged from a low of 11.70 to a high of 25.43. The Steel industry median Return-on-Tangible-Equity is 3.95. Kalyani Steels' value of 13.62% is 244.8% above this industry median. Based on the distribution chart, Kalyani Steels ranks #100 out of 614 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kalyani Steels has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kalyani Steels' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Kalyani Steels ranks #100 out of 614 companies for Return-on-Tangible-Equity. This places Kalyani Steels in the top 16% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 3.95. Kalyani Steels' value of 13.62% is 244.8% above this benchmark. Historically, Kalyani Steels' own Return-on-Tangible-Equity has ranged from 11.70 to 25.43 over the past decade. While the company's 10-year median is 15.67 vs. the industry median of 3.95, Kalyani Steels 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 3.95, based on 614 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. Kalyani Steels's current Return-on-Tangible-Equity of 13.62% is 244.8% 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 Kalyani Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 3.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kalyani Steels's current Return-on-Tangible-Equity is 13.62%, which is 13% below median its own 10-year median of 15.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kalyani Steels stock overvalued right now?
Based on GuruFocus' analysis, Kalyani Steels (NSE:KSL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹762.96, compared to a current price of ₹933.50 — trading 22.4% above its estimated fair value. The current Return-on-Tangible-Equity is 13.62%, which is 13% below median its 10-year median of 15.67 and 244.8% above the Steel industry median of 3.95. Kalyani Steels' overall GF Score™ is 79/100 with 9 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 Kalyani Steels (NSE:KSL), the current Return-on-Tangible-Equity is 13.62% 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 Kalyani Steels (NSE:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Kalyani Steels stock appears to be overvalued.
The current stock price of ₹933.50 is trading 22.4% above its estimated GF Value™ of ₹762.96.
GuruFocus considers Kalyani Steels to be Modestly Overvalued.
Key valuation signals for NSE:KSL:
Return-on-Tangible-Equity: 13.62% (13% below median its 10-year median of 15.67)
GF Value™: ₹762.96 vs. price of ₹933.50 (22.4% above fair value)
Industry Position: 244.8% above the Steel median (#100 of 614)
No single metric tells the full story. See the NSE:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company's products are used in automotive forging, construction equipment, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels.
79GF Score
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