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P S Raj SteelsNSE:PSRAJ +4.70%19 Return-on-Tangible-Equity is 12.98% as of Mar. 2026, which is 20% below its 10-year median of 16.25. GuruFocus rates NSE:PSRAJ with a GF Score™ of 19/100. The stock has 5 warning signs investors should review. Among 616 Steel companies, P S Raj Steels ranks better than 81.49% 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. P S Raj Steels's annualized net income for the quarter that ended in Mar. 2026 was ₹92 Mil. P S Raj Steels's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹712 Mil. Therefore, P S Raj Steels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.98%.
The historical rank and industry rank for P S Raj Steels's Return-on-Tangible-Equity or its related term are showing as below:
NSE:PSRAJ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.4 Med: 16.25 Max: 23.12
Current: 12.42
During the past 5 years, P S Raj Steels's highest Return-on-Tangible-Equity was 23.12%. The lowest was 12.40%. And the median was 16.25%.
NSE:PSRAJ's Return-on-Tangible-Equity is ranked better than 81.49% of 616
companies
in the Steel industry
Industry Median: 4.13
vs NSE:PSRAJ: 12.42
P S Raj Steels (NSE:PSRAJ) 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.
P S Raj Steels Return-on-Tangible-Equity Related Terms
P S Raj Steels Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for P S Raj Steels'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:PSRAJ vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, P S Raj Steels'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.
P S Raj Steels Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, P S Raj Steels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where P S Raj Steels'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 two times the semi-annual (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 12.98% mean?
P S Raj Steels (NSE:PSRAJ) has a Return-on-Tangible-Equity of 12.98% 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 P S Raj Steels and its competitors. This is 20% below median its historical median of 16.25. Over the past decade, P S Raj Steels' Return-on-Tangible-Equity has ranged from 12.40 to 23.12. According to the industry distribution chart, P S Raj Steels ranks #114 out of 616 companies in the Steel industry, placing it in the top 18.5%.
Is P S Raj Steels' Return-on-Tangible-Equity too high?
P S Raj Steels' current Return-on-Tangible-Equity of 12.98% is 20% below median its 10-year median of 16.25. Over the past 10 years, this metric has ranged from a low of 12.40 to a high of 23.12. The Steel industry median Return-on-Tangible-Equity is 4.13. P S Raj Steels' value of 12.98% is 214.3% above this industry median. Based on the distribution chart, P S Raj Steels ranks #114 out of 616 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, P S Raj Steels has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does P S Raj Steels' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, P S Raj Steels ranks #114 out of 616 companies for Return-on-Tangible-Equity. This places P S Raj Steels in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.13. P S Raj Steels' value of 12.98% is 214.3% above this benchmark. Historically, P S Raj Steels' own Return-on-Tangible-Equity has ranged from 12.40 to 23.12 over the past decade. While the company's 10-year median is 16.25 vs. the industry median of 4.13, P S Raj Steels 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 4.13, based on 616 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. P S Raj Steels's current Return-on-Tangible-Equity of 12.98% is 214.3% 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 P S Raj Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P S Raj Steels's current Return-on-Tangible-Equity is 12.98%, which is 20% below median its own 10-year median of 16.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P S Raj Steels stock overvalued right now?
P S Raj Steels (NSE:PSRAJ) has a current Return-on-Tangible-Equity of 12.98%. The current Return-on-Tangible-Equity is 12.98%, which is 20% below median its 10-year median of 16.25 and 214.3% above the Steel industry median of 4.13. P S Raj Steels' overall GF Score™ is 19/100 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 P S Raj Steels (NSE:PSRAJ), the current Return-on-Tangible-Equity is 12.98% 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.
P S Raj Steels Ltd manufactures and supplies stainless steel pipes and tubes in India. The company's product range includes Outer Diameter (OD) Pipes, Nominal Bore (NB) Pipes (from 3/8 inch to 18 inches), Section Pipes (square, rectangular and oval shapes) and Slotted Pipes.
19GF Score
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