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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. Maithan Alloys's annualized net income for the quarter that ended in Mar. 2026 was ₹-2,818 Mil. Maithan Alloys's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹41,294 Mil. Therefore, Maithan Alloys's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -6.82%.
The historical rank and industry rank for Maithan Alloys's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MAITHANALL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.87 Med: 19.03 Max: 42.75
Current: 10.87
During the past 13 years, Maithan Alloys's highest Return-on-Tangible-Equity was 42.75%. The lowest was 10.87%. And the median was 19.03%.
NSE:MAITHANALL's Return-on-Tangible-Equity is ranked better than 77.89% of 615
companies
in the Steel industry
Industry Median: 4.1
vs NSE:MAITHANALL: 10.87
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.
Maithan Alloys Return-on-Tangible-Equity Related Terms
Maithan Alloys Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Maithan Alloys'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:MAITHANALL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Maithan Alloys'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.
Maithan Alloys Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Maithan Alloys's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Maithan Alloys'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 -6.82% mean?
Maithan Alloys (NSE:MAITHANALL) has a Return-on-Tangible-Equity of -6.82% 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 Maithan Alloys and its competitors. Over the past decade, Maithan Alloys' Return-on-Tangible-Equity has ranged from 10.87 to 42.75. According to the industry distribution chart, Maithan Alloys ranks #136 out of 615 companies in the Steel industry, placing it in the top 22.1%.
Is Maithan Alloys' Return-on-Tangible-Equity too high?
Maithan Alloys' current Return-on-Tangible-Equity is -6.82%. Over the past 10 years, this metric has ranged from a low of 10.87 to a high of 42.75. Based on the distribution chart, Maithan Alloys ranks #136 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Maithan Alloys has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maithan Alloys' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Maithan Alloys ranks #136 out of 615 companies for Return-on-Tangible-Equity. This places Maithan Alloys in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.10. Historically, Maithan Alloys' own Return-on-Tangible-Equity has ranged from 10.87 to 42.75 over the past decade. 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. 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 Maithan Alloys 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. Maithan Alloys's current Return-on-Tangible-Equity is -6.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maithan Alloys stock overvalued right now?
Based on GuruFocus' analysis, Maithan Alloys (NSE:MAITHANALL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,148.08, compared to a current price of ₹959.30 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Equity is -6.82%. Maithan Alloys' overall GF Score™ is 78/100 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 Maithan Alloys (NSE:MAITHANALL), the current Return-on-Tangible-Equity is -6.82% 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 Maithan Alloys (NSE:MAITHANALL) Overvalued in 2026?
Based on GuruFocus' analysis, Maithan Alloys stock appears to be undervalued.
The current stock price of ₹959.30 is trading 16.4% below its estimated GF Value™ of ₹1,148.08.
GuruFocus considers Maithan Alloys to be Modestly Undervalued.
Key valuation signals for NSE:MAITHANALL:
Return-on-Tangible-Equity: -6.82%
GF Value™: ₹1,148.08 vs. price of ₹959.30 (16.4% below fair value)
No single metric tells the full story. See the NSE:MAITHANALL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maithan Alloys Ltd is an India-based company engaged in the business of manufacturing and exporting all three bulk Ferroalloys- Ferro Manganese, Silico Manganese, and Ferro Silicon. It is also involved in the generation and supply of Wind Power and has a Captive Power Plant. Geographically the group has a business presence in India and Outside India, of which key revenue is derived from Outside India.
78GF Score
Get the complete analysis for NSE:MAITHANALL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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