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Rajratan Global WireNSE:RAJRATAN -2.03%87 Return-on-Tangible-Equity is 9.52% as of Mar. 2026, which is 54% below its 10-year median of 20.89. GuruFocus rates NSE:RAJRATAN with a GF Score™ of 87/100 and a GF Value™ of ₹643.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 615 Steel companies, Rajratan Global Wire ranks better than 79.67% 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. Rajratan Global Wire's annualized net income for the quarter that ended in Mar. 2026 was ₹617 Mil. Rajratan Global Wire's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,482 Mil. Therefore, Rajratan Global Wire's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.52%.
The historical rank and industry rank for Rajratan Global Wire's Return-on-Tangible-Equity or its related term are showing as below:
NSE:RAJRATAN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.19 Med: 20.89 Max: 43.9
Current: 11.64
During the past 13 years, Rajratan Global Wire's highest Return-on-Tangible-Equity was 43.90%. The lowest was 11.19%. And the median was 20.89%.
NSE:RAJRATAN's Return-on-Tangible-Equity is ranked better than 79.67% of 615
companies
in the Steel industry
Industry Median: 4.05
vs NSE:RAJRATAN: 11.64
Rajratan Global Wire (NSE:RAJRATAN) 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.
Rajratan Global Wire Return-on-Tangible-Equity Related Terms
Rajratan Global Wire Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Rajratan Global Wire'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.
Rajratan Global Wire Return-on-Tangible-Equity Chart
NSE:RAJRATAN vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Rajratan Global Wire'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.
Rajratan Global Wire Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Rajratan Global Wire's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rajratan Global Wire'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 9.52% mean?
Rajratan Global Wire (NSE:RAJRATAN) has a Return-on-Tangible-Equity of 9.52% 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 Rajratan Global Wire and its competitors. This is 54% below median its historical median of 20.89. Over the past decade, Rajratan Global Wire's Return-on-Tangible-Equity has ranged from 11.19 to 43.90. According to the industry distribution chart, Rajratan Global Wire ranks #125 out of 615 companies in the Steel industry, placing it in the top 20.3%.
Is Rajratan Global Wire's Return-on-Tangible-Equity too high?
Rajratan Global Wire's current Return-on-Tangible-Equity of 9.52% is 54% below median its 10-year median of 20.89. Over the past 10 years, this metric has ranged from a low of 11.19 to a high of 43.90. The Steel industry median Return-on-Tangible-Equity is 4.05. Rajratan Global Wire's value of 9.52% is 135.1% above this industry median. Based on the distribution chart, Rajratan Global Wire ranks #125 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Rajratan Global Wire has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rajratan Global Wire's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Rajratan Global Wire ranks #125 out of 615 companies for Return-on-Tangible-Equity. This places Rajratan Global Wire in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.05. Rajratan Global Wire's value of 9.52% is 135.1% above this benchmark. Historically, Rajratan Global Wire's own Return-on-Tangible-Equity has ranged from 11.19 to 43.90 over the past decade. While the company's 10-year median is 20.89 vs. the industry median of 4.05, Rajratan Global Wire 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 4.05, 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. Rajratan Global Wire's current Return-on-Tangible-Equity of 9.52% is 135.1% 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 Rajratan Global Wire and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajratan Global Wire's current Return-on-Tangible-Equity is 9.52%, which is 54% below median its own 10-year median of 20.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajratan Global Wire stock overvalued right now?
Based on GuruFocus' analysis, Rajratan Global Wire (NSE:RAJRATAN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹643.59, compared to a current price of ₹485.85 — trading 24.5% below its estimated fair value. The current Return-on-Tangible-Equity is 9.52%, which is 54% below median its 10-year median of 20.89 and 135.1% above the Steel industry median of 4.05. Rajratan Global Wire's overall GF Score™ is 87/100 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 Rajratan Global Wire (NSE:RAJRATAN), the current Return-on-Tangible-Equity is 9.52% 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 Rajratan Global Wire (NSE:RAJRATAN) Overvalued in 2026?
Based on GuruFocus' analysis, Rajratan Global Wire stock appears to be undervalued.
The current stock price of ₹485.85 is trading 24.5% below its estimated GF Value™ of ₹643.59.
GuruFocus considers Rajratan Global Wire to be Modestly Undervalued.
Key valuation signals for NSE:RAJRATAN:
Return-on-Tangible-Equity: 9.52% (54% below median its 10-year median of 20.89)
GF Value™: ₹643.59 vs. price of ₹485.85 (24.5% below fair value)
Industry Position: 135.1% above the Steel median (#125 of 615)
No single metric tells the full story. See the NSE:RAJRATAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rajratan Global Wire Ltd is an India-based company engaged in the manufacturing of steel wires. The group derives revenues from the sale of Tyre bead wire and other ancillary products. Geographically, its operations are in India and Thailand.
87GF Score
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