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. McNally Bharat Engineering Co's annualized net income for the quarter that ended in Mar. 2026 was ₹-2,765.2 Mil. McNally Bharat Engineering Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹5,707.4 Mil. Therefore, McNally Bharat Engineering Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -48.45%.
The historical rank and industry rank for McNally Bharat Engineering Co's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MBECL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1780.47 Med: -1140.99 Max: -501.5
Current: Negative Tangible Equity
During the past 13 years, McNally Bharat Engineering Co's highest Return-on-Tangible-Equity was -501.50%. The lowest was -1,780.47%. And the median was -1,140.99%.
NSE:MBECL's Return-on-Tangible-Equity is not ranked
in the Construction industry.
Industry Median: 8.235
vs NSE:MBECL: Negative Tangible Equity
McNally Bharat Engineering Co (NSE:MBECL) 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.
McNally Bharat Engineering Co Return-on-Tangible-Equity Related Terms
McNally Bharat Engineering Co Return-on-Tangible-Equity Historical Data
* 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.
McNally Bharat Engineering Co Return-on-Tangible-Equity Chart
NSE:MBECL vs PWR, EME, J: Return-on-Tangible-Equity Comparison
For the Engineering & Construction subindustry, McNally Bharat Engineering Co'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.
McNally Bharat Engineering Co Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, McNally Bharat Engineering Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where McNally Bharat Engineering Co'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 -48.45% mean?
McNally Bharat Engineering Co (NSE:MBECL) has a Return-on-Tangible-Equity of -48.45% 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 McNally Bharat Engineering Co and its competitors.
Is McNally Bharat Engineering Co's Return-on-Tangible-Equity too high?
McNally Bharat Engineering Co's current Return-on-Tangible-Equity is -48.45%.
How does McNally Bharat Engineering Co's Return-on-Tangible-Equity compare to PWR and EME?
McNally Bharat Engineering Co's Return-on-Tangible-Equity of -48.45% can be compared against companies in the Construction industry. The industry median Return-on-Tangible-Equity is 8.24. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.24, based on 1,706 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 McNally Bharat Engineering Co and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McNally Bharat Engineering Co's current Return-on-Tangible-Equity is -48.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McNally Bharat Engineering Co stock overvalued right now?
McNally Bharat Engineering Co (NSE:MBECL) has a current Return-on-Tangible-Equity of -48.45%. The stock's GF Value™ is ₹26.80, compared to a current price of ₹65.40 — trading 144% above its estimated fair value. The current Return-on-Tangible-Equity is -48.45%. 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 McNally Bharat Engineering Co (NSE:MBECL), the current Return-on-Tangible-Equity is -48.45% 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.
McNally Bharat Engineering Co Business Description
McNally Bharat Engineering Co Ltd is an engineering company. The firm is engaged in providing turnkey solutions in the areas of power, steel, coal and mining, ports, aluminum, material handling, mineral processing, pyro-processing, pneumatic handling of powdered material, including fly ash handling and high concentrate disposal, coal washing, cement, water, oil and gas, civic and industrial water supply, and others. The Group is mainly engaged in a single business segment, viz, Engineering, Procurement, and Construction.
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