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.
Sarda Energy & MineralsNSE:SARDAEN -2.44%84 Return-on-Tangible-Equity is 25.14% as of Jun. 2026, which is 74% above its 10-year median of 14.41. GuruFocus rates NSE:SARDAEN with a GF Score™ of 84/100 and a GF Value™ of ₹530.27 (Fairly Valued). The stock has 1 warning sign investors should review. Among 612 Steel companies, Sarda Energy & Minerals ranks better than 87.58% 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. Sarda Energy & Minerals's annualized net income for the quarter that ended in Jun. 2026 was ₹18,330 Mil. Sarda Energy & Minerals's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹72,901 Mil. Therefore, Sarda Energy & Minerals's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 25.14%.
The historical rank and industry rank for Sarda Energy & Minerals's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SARDAEN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.24 Med: 14.41 Max: 31.57
Current: 16.62
During the past 13 years, Sarda Energy & Minerals's highest Return-on-Tangible-Equity was 31.57%. The lowest was 7.24%. And the median was 14.41%.
NSE:SARDAEN's Return-on-Tangible-Equity is ranked better than 87.58% of 612
companies
in the Steel industry
Industry Median: 4.73
vs NSE:SARDAEN: 16.62
Sarda Energy & Minerals (NSE:SARDAEN) 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.
Sarda Energy & Minerals Return-on-Tangible-Equity Related Terms
Sarda Energy & Minerals Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Sarda Energy & Minerals'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.
Sarda Energy & Minerals Return-on-Tangible-Equity Chart
NSE:SARDAEN vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Sarda Energy & Minerals'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.
Sarda Energy & Minerals Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Sarda Energy & Minerals's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Sarda Energy & Minerals'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 25.14% mean?
Sarda Energy & Minerals (NSE:SARDAEN) has a Return-on-Tangible-Equity of 25.14% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Sarda Energy & Minerals and its competitors. This is 74% above median its historical median of 14.41. Over the past decade, Sarda Energy & Minerals' Return-on-Tangible-Equity has ranged from 7.24 to 31.57. According to the industry distribution chart, Sarda Energy & Minerals ranks #76 out of 612 companies in the Steel industry, placing it in the top 12.4%.
Is Sarda Energy & Minerals' Return-on-Tangible-Equity too high?
Sarda Energy & Minerals' current Return-on-Tangible-Equity of 25.14% is 74% above median its 10-year median of 14.41. Over the past 10 years, this metric has ranged from a low of 7.24 to a high of 31.57. The Steel industry median Return-on-Tangible-Equity is 4.73. Sarda Energy & Minerals' value of 25.14% is 431.5% above this industry median. Based on the distribution chart, Sarda Energy & Minerals ranks #76 out of 612 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Sarda Energy & Minerals has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sarda Energy & Minerals' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Sarda Energy & Minerals ranks #76 out of 612 companies for Return-on-Tangible-Equity. This places Sarda Energy & Minerals in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.73. Sarda Energy & Minerals' value of 25.14% is 431.5% above this benchmark. Historically, Sarda Energy & Minerals' own Return-on-Tangible-Equity has ranged from 7.24 to 31.57 over the past decade. While the company's 10-year median is 14.41 vs. the industry median of 4.73, Sarda Energy & Minerals 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 4.73, based on 612 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. Sarda Energy & Minerals's current Return-on-Tangible-Equity of 25.14% is 431.5% 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 Sarda Energy & Minerals and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sarda Energy & Minerals's current Return-on-Tangible-Equity is 25.14%, which is 74% above median its own 10-year median of 14.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sarda Energy & Minerals stock overvalued right now?
Based on GuruFocus' analysis, Sarda Energy & Minerals (NSE:SARDAEN) is currently considered Fairly Valued. The stock's GF Value™ is ₹530.27, compared to a current price of ₹524.15 — trading 1.2% below its estimated fair value. The current Return-on-Tangible-Equity is 25.14%, which is 74% above median its 10-year median of 14.41 and 431.5% above the Steel industry median of 4.73. Sarda Energy & Minerals' overall GF Score™ is 84/100 with 1 warning sign 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 Sarda Energy & Minerals (NSE:SARDAEN), the current Return-on-Tangible-Equity is 25.14% as of Jun. 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 Sarda Energy & Minerals (NSE:SARDAEN) Overvalued in 2026?
Based on GuruFocus' analysis, Sarda Energy & Minerals stock appears to be undervalued.
The current stock price of ₹524.15 is trading 1.2% below its estimated GF Value™ of ₹530.27.
GuruFocus considers Sarda Energy & Minerals to be Fairly Valued.
Key valuation signals for NSE:SARDAEN:
Return-on-Tangible-Equity: 25.14% (74% above median its 10-year median of 14.41)
GF Value™: ₹530.27 vs. price of ₹524.15 (1.2% below fair value)
Industry Position: 431.5% above the Steel median (#76 of 612)
No single metric tells the full story. See the NSE:SARDAEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sarda Energy & Minerals Ltd is an Indian based company has integrated steel manufacturing facility starting from iron ore mining to the finished steel in the form of wire rod and H.B. wire and also through its subsidiary engaged in the business of generation of power. It is also provides manufacturer and exporter of Ferro Alloys and promoted hydropower projects through SPVs. The group operates in the business segment of Steel, Ferro Alloys, and Power. It generates a majority of its revenue from the Steel segment. The company's products include Pellets, Sponge Iron (DRI), Steel Billets & Wire Rods, Ferro Alloys, Power, and Eco-Bricks Mining.
84GF Score
Get the complete analysis for NSE:SARDAEN
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:SARDAEN has been successfully added to your 
