GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maharashtra Seamless Ltd (NSE:MAHSEAMLES) » Definitions » Return-on-Tangible-Equity

Maharashtra Seamless (NSE:MAHSEAMLES) Return-on-Tangible-Equity : 13.02% (As of Mar. 2025)


View and export this data going back to 2004. Start your Free Trial

What is Maharashtra Seamless Return-on-Tangible-Equity?

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. Maharashtra Seamless's annualized net income for the quarter that ended in Mar. 2025 was ₹8,256 Mil. Maharashtra Seamless's average shareholder tangible equity for the quarter that ended in Mar. 2025 was ₹63,387 Mil. Therefore, Maharashtra Seamless's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 13.02%.

The historical rank and industry rank for Maharashtra Seamless's Return-on-Tangible-Equity or its related term are showing as below:

NSE:MAHSEAMLES' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -0.9   Med: 7.57   Max: 19
Current: 12.35

During the past 13 years, Maharashtra Seamless's highest Return-on-Tangible-Equity was 19.00%. The lowest was -0.90%. And the median was 7.57%.

NSE:MAHSEAMLES's Return-on-Tangible-Equity is ranked better than
81.04% of 617 companies
in the Steel industry
Industry Median: 4.48 vs NSE:MAHSEAMLES: 12.35

Maharashtra Seamless Return-on-Tangible-Equity Historical Data

The historical data trend for Maharashtra Seamless'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.

* Premium members only.

Maharashtra Seamless Return-on-Tangible-Equity Chart

Maharashtra Seamless Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.02 19.00 17.47 18.12 12.88

Maharashtra Seamless Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.24 9.00 14.81 12.52 13.02

Competitive Comparison of Maharashtra Seamless's Return-on-Tangible-Equity

For the Steel subindustry, Maharashtra Seamless'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.


Maharashtra Seamless's Return-on-Tangible-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maharashtra Seamless's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Maharashtra Seamless's Return-on-Tangible-Equity falls into.


;
;

Maharashtra Seamless Return-on-Tangible-Equity Calculation

Maharashtra Seamless's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=7774.6/( (57293.3+63386.9 )/ 2 )
=7774.6/60340.1
=12.88 %

Maharashtra Seamless's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=8256/( (0+63386.9)/ 1 )
=8256/63386.9
=13.02 %

* 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. 2025) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Maharashtra Seamless  (NSE:MAHSEAMLES) 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.


Maharashtra Seamless Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Maharashtra Seamless's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Maharashtra Seamless Business Description

Traded in Other Exchanges
Address
5 Pusa Road, 2nd Floor, New Delhi, IND, 110 005
Maharashtra Seamless Ltd is a steel pipe and tube manufacturer. The company's product portfolio consists of Electric Resistance Welded pipes which include Black and Galvanized pipes sold under the brand Jindal Star and Seamless Pipes and Tubes which include Hot finished, Cold drawn, and Pilgered pipes. Its products are used in various applications and sectors like Oil and Gas, Hydrocarbon, Power, Agriculture, Housing, and Infrastructure, among others. Its segments consist of Steel Pipes and Tubes and Power-Electricity, Rig, and Others. The majority of the revenue is derived from the sale of Steel Pipes and Tubes.

Maharashtra Seamless Headlines

No Headlines