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Maharashtra SeamlessNSE:MAHSEAMLES +1.14%85 Return-on-Tangible-Equity is 5.98% as of Mar. 2026, which is 35% below its 10-year median of 9.16. GuruFocus rates NSE:MAHSEAMLES with a GF Score™ of 85/100 and a GF Value™ of ₹639.75 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 615 Steel companies, Maharashtra Seamless ranks better 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. Maharashtra Seamless's annualized net income for the quarter that ended in Mar. 2026 was ₹4,113 Mil. Maharashtra Seamless's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹68,756 Mil. Therefore, Maharashtra Seamless's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.98%.
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: 2.64 Med: 9.16 Max: 19
Current: 10.64
During the past 13 years, Maharashtra Seamless's highest Return-on-Tangible-Equity was 19.00%. The lowest was 2.64%. And the median was 9.16%.
NSE:MAHSEAMLES's Return-on-Tangible-Equity is ranked better than 76.59% of 615
companies
in the Steel industry
Industry Median: 4.1
vs NSE:MAHSEAMLES: 10.64
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
Maharashtra Seamless Return-on-Tangible-Equity Historical Data
* Premium members only.
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.
NSE:MAHSEAMLES vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
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 Return-on-Tangible-Equity vs 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.
* 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 5.98% mean?
Maharashtra Seamless (NSE:MAHSEAMLES) has a Return-on-Tangible-Equity of 5.98% 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 Maharashtra Seamless and its competitors. This is 35% below median its historical median of 9.16. Over the past decade, Maharashtra Seamless' Return-on-Tangible-Equity has ranged from 2.64 to 19.00. According to the industry distribution chart, Maharashtra Seamless ranks #144 out of 615 companies in the Steel industry, placing it in the top 23.4%.
Is Maharashtra Seamless' Return-on-Tangible-Equity too high?
Maharashtra Seamless' current Return-on-Tangible-Equity of 5.98% is 35% below median its 10-year median of 9.16. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 19.00. The Steel industry median Return-on-Tangible-Equity is 4.10. Maharashtra Seamless' value of 5.98% is 45.9% above this industry median. Based on the distribution chart, Maharashtra Seamless ranks #144 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Maharashtra Seamless has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maharashtra Seamless' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Maharashtra Seamless ranks #144 out of 615 companies for Return-on-Tangible-Equity. This places Maharashtra Seamless in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.10. Maharashtra Seamless' value of 5.98% is 45.9% above this benchmark. Historically, Maharashtra Seamless' own Return-on-Tangible-Equity has ranged from 2.64 to 19.00 over the past decade. While the company's 10-year median is 9.16 vs. the industry median of 4.10, Maharashtra Seamless 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 4.10, based on 615 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. Maharashtra Seamless's current Return-on-Tangible-Equity of 5.98% is 45.9% 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 Maharashtra Seamless and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maharashtra Seamless's current Return-on-Tangible-Equity is 5.98%, which is 35% below median its own 10-year median of 9.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maharashtra Seamless stock overvalued right now?
Based on GuruFocus' analysis, Maharashtra Seamless (NSE:MAHSEAMLES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹639.75, compared to a current price of ₹571.55 — trading 10.7% below its estimated fair value. The current Return-on-Tangible-Equity is 5.98%, which is 35% below median its 10-year median of 9.16 and 45.9% above the Steel industry median of 4.10. Maharashtra Seamless' overall GF Score™ is 85/100 with 2 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 Maharashtra Seamless (NSE:MAHSEAMLES), the current Return-on-Tangible-Equity is 5.98% 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 Maharashtra Seamless (NSE:MAHSEAMLES) Overvalued in 2026?
Based on GuruFocus' analysis, Maharashtra Seamless stock appears to be undervalued.
The current stock price of ₹571.55 is trading 10.7% below its estimated GF Value™ of ₹639.75.
GuruFocus considers Maharashtra Seamless to be Modestly Undervalued.
Key valuation signals for NSE:MAHSEAMLES:
Return-on-Tangible-Equity: 5.98% (35% below median its 10-year median of 9.16)
GF Value™: ₹639.75 vs. price of ₹571.55 (10.7% below fair value)
Industry Position: 45.9% above the Steel median (#144 of 615)
No single metric tells the full story. See the NSE:MAHSEAMLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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, and seamless pipes and tubes, which include hot finished, cold drawn, and pilgered pipes. These products are used in various applications and sectors like oil and gas, hydrocarbon, power, agriculture, housing, and infrastructure, among others. The company's operating segments consist of steel pipes and tubes, power-electricity, rig, and others. The majority of its revenue is derived from the steel pipes and tubes segment.
85GF Score
Get the complete analysis for NSE:MAHSEAMLES
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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