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N R Agarwal IndustriesNSE:NRAIL +4.85%81 Return-on-Tangible-Equity is 7.03% as of Mar. 2026, which is 60% below its 10-year median of 17.74. GuruFocus rates NSE:NRAIL with a GF Score™ of 81/100 and a GF Value™ of ₹529.51 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 280 Forest Products companies, N R Agarwal Industries ranks better than 67.14% 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. N R Agarwal Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹568 Mil. N R Agarwal Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹8,082 Mil. Therefore, N R Agarwal Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.03%.
The historical rank and industry rank for N R Agarwal Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:NRAIL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.32 Med: 17.74 Max: 51.31
Current: 5.57
During the past 13 years, N R Agarwal Industries's highest Return-on-Tangible-Equity was 51.31%. The lowest was 2.32%. And the median was 17.74%.
NSE:NRAIL's Return-on-Tangible-Equity is ranked better than 67.14% of 280
companies
in the Forest Products industry
Industry Median: 2.205
vs NSE:NRAIL: 5.57
N R Agarwal Industries (NSE:NRAIL) 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.
N R Agarwal Industries Return-on-Tangible-Equity Related Terms
N R Agarwal Industries Return-on-Tangible-Equity Historical Data
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The historical data trend for N R Agarwal Industries'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.
N R Agarwal Industries Return-on-Tangible-Equity Chart
N R Agarwal Industries Return-on-Tangible-Equity Competitor Comparison
For the Paper & Paper Products subindustry, N R Agarwal Industries'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.
N R Agarwal Industries Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, N R Agarwal Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where N R Agarwal Industries'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 7.03% mean?
N R Agarwal Industries (NSE:NRAIL) has a Return-on-Tangible-Equity of 7.03% 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 N R Agarwal Industries and its competitors. This is 60% below median its historical median of 17.74. Over the past decade, N R Agarwal Industries' Return-on-Tangible-Equity has ranged from 2.32 to 51.31. According to the industry distribution chart, N R Agarwal Industries ranks #92 out of 280 companies in the Forest Products industry, placing it in the top 32.9%.
Is N R Agarwal Industries' Return-on-Tangible-Equity too high?
N R Agarwal Industries' current Return-on-Tangible-Equity of 7.03% is 60% below median its 10-year median of 17.74. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 51.31. The Forest Products industry median Return-on-Tangible-Equity is 2.21. N R Agarwal Industries' value of 7.03% is 218.8% above this industry median. Based on the distribution chart, N R Agarwal Industries ranks #92 out of 280 companies in the Forest Products industry, which is above the industry midpoint. Overall, N R Agarwal Industries has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does N R Agarwal Industries' Return-on-Tangible-Equity compare to competitors?
According to the Forest Products industry distribution chart, N R Agarwal Industries ranks #92 out of 280 companies for Return-on-Tangible-Equity. This puts N R Agarwal Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 2.21. N R Agarwal Industries' value of 7.03% is 218.8% above this benchmark. Historically, N R Agarwal Industries' own Return-on-Tangible-Equity has ranged from 2.32 to 51.31 over the past decade. While the company's 10-year median is 17.74 vs. the industry median of 2.21, N R Agarwal Industries 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.21, based on 280 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. N R Agarwal Industries's current Return-on-Tangible-Equity of 7.03% is 218.8% 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 N R Agarwal Industries and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. N R Agarwal Industries's current Return-on-Tangible-Equity is 7.03%, which is 60% below median its own 10-year median of 17.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is N R Agarwal Industries stock overvalued right now?
Based on GuruFocus' analysis, N R Agarwal Industries (NSE:NRAIL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹529.51, compared to a current price of ₹451.95 — trading 14.6% below its estimated fair value. The current Return-on-Tangible-Equity is 7.03%, which is 60% below median its 10-year median of 17.74 and 218.8% above the Forest Products industry median of 2.21. N R Agarwal Industries' overall GF Score™ is 81/100 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 N R Agarwal Industries (NSE:NRAIL), the current Return-on-Tangible-Equity is 7.03% 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 N R Agarwal Industries (NSE:NRAIL) Overvalued in 2026?
Based on GuruFocus' analysis, N R Agarwal Industries stock appears to be undervalued.
The current stock price of ₹451.95 is trading 14.6% below its estimated GF Value™ of ₹529.51.
GuruFocus considers N R Agarwal Industries to be Modestly Undervalued.
Key valuation signals for NSE:NRAIL:
Return-on-Tangible-Equity: 7.03% (60% below median its 10-year median of 17.74)
GF Value™: ₹529.51 vs. price of ₹451.95 (14.6% below fair value)
Industry Position: 218.8% above the Forest Products median (#92 of 280)
No single metric tells the full story. See the NSE:NRAIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
N R Agarwal Industries Ltd is an India-based company, which is principally engaged in the manufacturing of quality finished paper and paper products. The products of the comany include duplex boards, copiers, newsprint, writing, and printing products. The company generates a majority of its revenue from the sale of paper-related products. Geographically, it derives maximum revenue domestically.
81GF Score
Get the complete analysis for NSE:NRAIL
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