Prakash IndustriesNSE:PRAKASH +0.64%79 Return-on-Tangible-Equity is 11.44% as of Mar. 2026, which is 37% above its 10-year median of 8.37. GuruFocus rates NSE:PRAKASH with a GF Score™ of 79/100 and a GF Value™ of ₹145.03 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 614 Steel companies, Prakash Industries ranks better than 76.22% 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. Prakash Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹3,733 Mil. Prakash Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹32,634 Mil. Therefore, Prakash Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.44%.
The historical rank and industry rank for Prakash Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PRAKASH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.35 Med: 8.37 Max: 19.29
Current: 10.32
During the past 13 years, Prakash Industries's highest Return-on-Tangible-Equity was 19.29%. The lowest was 3.35%. And the median was 8.37%.
NSE:PRAKASH's Return-on-Tangible-Equity is ranked better than 76.22% of 614
companies
in the Steel industry
Industry Median: 4.01
vs NSE:PRAKASH: 10.32
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.
Prakash Industries Return-on-Tangible-Equity Related Terms
Prakash Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Prakash 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.
NSE:PRAKASH vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Prakash 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.
Prakash Industries Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Prakash Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Prakash 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 11.44% mean?
Prakash Industries (NSE:PRAKASH) has a Return-on-Tangible-Equity of 11.44% 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 Prakash Industries and its competitors. This is 37% above median its historical median of 8.37. Over the past decade, Prakash Industries' Return-on-Tangible-Equity has ranged from 3.35 to 19.29. According to the industry distribution chart, Prakash Industries ranks #146 out of 614 companies in the Steel industry, placing it in the top 23.8%.
Is Prakash Industries' Return-on-Tangible-Equity too high?
Prakash Industries' current Return-on-Tangible-Equity of 11.44% is 37% above median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 19.29. The Steel industry median Return-on-Tangible-Equity is 4.01. Prakash Industries' value of 11.44% is 185.3% above this industry median. Based on the distribution chart, Prakash Industries ranks #146 out of 614 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Prakash Industries has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Prakash Industries' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Prakash Industries ranks #146 out of 614 companies for Return-on-Tangible-Equity. This places Prakash Industries in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.01. Prakash Industries' value of 11.44% is 185.3% above this benchmark. Historically, Prakash Industries' own Return-on-Tangible-Equity has ranged from 3.35 to 19.29 over the past decade. While the company's 10-year median is 8.37 vs. the industry median of 4.01, Prakash 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.01, based on 614 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. Prakash Industries's current Return-on-Tangible-Equity of 11.44% is 185.3% 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 Prakash Industries and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prakash Industries's current Return-on-Tangible-Equity is 11.44%, which is 37% above median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prakash Industries stock overvalued right now?
Based on GuruFocus' analysis, Prakash Industries (NSE:PRAKASH) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹145.03, compared to a current price of ₹129.04 — trading 11% below its estimated fair value. The current Return-on-Tangible-Equity is 11.44%, which is 37% above median its 10-year median of 8.37 and 185.3% above the Steel industry median of 4.01. Prakash Industries' overall GF Score™ is 79/100 with 6 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 Prakash Industries (NSE:PRAKASH), the current Return-on-Tangible-Equity is 11.44% 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 Prakash Industries (NSE:PRAKASH) Overvalued in 2026?
Based on GuruFocus' analysis, Prakash Industries stock appears to be undervalued.
The current stock price of ₹129.04 is trading 11% below its estimated GF Value™ of ₹145.03.
GuruFocus considers Prakash Industries to be Modestly Undervalued.
Key valuation signals for NSE:PRAKASH:
Return-on-Tangible-Equity: 11.44% (37% above median its 10-year median of 8.37)
GF Value™: ₹145.03 vs. price of ₹129.04 (11% below fair value)
Industry Position: 185.3% above the Steel median (#146 of 614)
No single metric tells the full story. See the NSE:PRAKASH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prakash Industries Ltd is an integrated steel and power company, specializing in the manufacturing and sale of high-quality iron and steel products such as sponge iron, wire rods, TMT bars, and ferroalloys. The company operates an integrated steel plant in Chhattisgarh, utilizing cutting-edge coal-based sponge iron production techniques. Additionally, the company has forward integration with facilities producing value-added steel products and operates a captive power generation plant, making it self-reliant in energy needs. Focused on innovation, cost efficiency, and sustainable growth, the company delivers competitive products while expanding its footprint across India's steel and power sectors.
79GF Score
Get the complete analysis for NSE:PRAKASH
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:PRAKASH has been successfully added to your 
