Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Rajputana StainlessNSE:RSL -0.09%18 Return-on-Tangible-Equity is 18.83% as of Mar. 2026, which is 37% below its 10-year median of 29.93. GuruFocus rates NSE:RSL with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 615 Steel companies, Rajputana Stainless ranks better than 92.36% 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. Rajputana Stainless's annualized net income for the quarter that ended in Mar. 2026 was ₹508 Mil. Rajputana Stainless's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹2,699 Mil. Therefore, Rajputana Stainless's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.83%.
The historical rank and industry rank for Rajputana Stainless's Return-on-Tangible-Equity or its related term are showing as below:
NSE:RSL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 19.34 Med: 29.93 Max: 32.74
Current: 21.61
During the past 4 years, Rajputana Stainless's highest Return-on-Tangible-Equity was 32.74%. The lowest was 19.34%. And the median was 29.93%.
NSE:RSL's Return-on-Tangible-Equity is ranked better than 92.36% of 615
companies
in the Steel industry
Industry Median: 4.23
vs NSE:RSL: 21.61
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.
Rajputana Stainless Return-on-Tangible-Equity Related Terms
Rajputana Stainless Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Rajputana Stainless'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:RSL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Rajputana Stainless'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.
Rajputana Stainless Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Rajputana Stainless's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Rajputana Stainless'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 18.83% mean?
Rajputana Stainless (NSE:RSL) has a Return-on-Tangible-Equity of 18.83% 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 Rajputana Stainless and its competitors. This is 37% below median its historical median of 29.93. Over the past decade, Rajputana Stainless' Return-on-Tangible-Equity has ranged from 19.34 to 32.74. According to the industry distribution chart, Rajputana Stainless ranks #47 out of 615 companies in the Steel industry, placing it in the top 7.6%.
Is Rajputana Stainless' Return-on-Tangible-Equity too high?
Rajputana Stainless' current Return-on-Tangible-Equity of 18.83% is 37% below median its 10-year median of 29.93. Over the past 10 years, this metric has ranged from a low of 19.34 to a high of 32.74. The Steel industry median Return-on-Tangible-Equity is 4.23. Rajputana Stainless' value of 18.83% is 345.2% above this industry median. Based on the distribution chart, Rajputana Stainless ranks #47 out of 615 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Rajputana Stainless has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Rajputana Stainless' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Rajputana Stainless ranks #47 out of 615 companies for Return-on-Tangible-Equity. This places Rajputana Stainless in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.23. Rajputana Stainless' value of 18.83% is 345.2% above this benchmark. Historically, Rajputana Stainless' own Return-on-Tangible-Equity has ranged from 19.34 to 32.74 over the past decade. While the company's 10-year median is 29.93 vs. the industry median of 4.23, Rajputana Stainless 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 4.23, 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. Rajputana Stainless's current Return-on-Tangible-Equity of 18.83% is 345.2% 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 Rajputana Stainless and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rajputana Stainless's current Return-on-Tangible-Equity is 18.83%, which is 37% below median its own 10-year median of 29.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rajputana Stainless stock overvalued right now?
Rajputana Stainless (NSE:RSL) has a current Return-on-Tangible-Equity of 18.83%. The current Return-on-Tangible-Equity is 18.83%, which is 37% below median its 10-year median of 29.93 and 345.2% above the Steel industry median of 4.23. Rajputana Stainless' overall GF Score™ is 18/100 with 2 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 Rajputana Stainless (NSE:RSL), the current Return-on-Tangible-Equity is 18.83% 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.
Rajputana Stainless Ltd is engaged in the business of manufacturing long and flat stainless-steel products comprising billets, forging ingots, rolled black bar, rolled bright bar, flat & patti, and other ancillary products under the brand name of RSL. Its products are used across a diverse range of industries, including bar processing, seamless pipes, forging, wire manufacturing, engineering, casting, fasteners, utensil manufacturing, pump and shaft, and the auto industry. The company operates in domestic as well as international markets, including Turkey, UAE, Poland, Portugal, USA, South Africa, South Korea, Czech Republic, and Kuwait. The majority of its revenue is derived from the sale of its products in the domestic market.
18GF Score
Get the complete analysis for NSE:RSL
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:RSL has been successfully added to your 
