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Shiv Aum SteelsNSE:SHIVAUM +0.47%66 Return-on-Tangible-Equity is 7.73% as of Mar. 2026, which is 23% below its 10-year median of 10.04. GuruFocus rates NSE:SHIVAUM with a GF Score™ of 66/100 and a GF Value™ of ₹324.96 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 614 Steel companies, Shiv Aum Steels ranks better than 60.26% 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. Shiv Aum Steels's annualized net income for the quarter that ended in Mar. 2026 was ₹93 Mil. Shiv Aum Steels's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,196 Mil. Therefore, Shiv Aum Steels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.73%.
The historical rank and industry rank for Shiv Aum Steels's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SHIVAUM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.2 Med: 10.04 Max: 16.61
Current: 6.08
During the past 10 years, Shiv Aum Steels's highest Return-on-Tangible-Equity was 16.61%. The lowest was 3.20%. And the median was 10.04%.
NSE:SHIVAUM's Return-on-Tangible-Equity is ranked better than 60.26% of 614
companies
in the Steel industry
Industry Median: 4.195
vs NSE:SHIVAUM: 6.08
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.
Shiv Aum Steels Return-on-Tangible-Equity Related Terms
Shiv Aum Steels Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shiv Aum 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:SHIVAUM vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Shiv Aum 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.
Shiv Aum Steels Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Shiv Aum Steels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shiv Aum 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 7.73% mean?
Shiv Aum Steels (NSE:SHIVAUM) has a Return-on-Tangible-Equity of 7.73% 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 Shiv Aum Steels and its competitors. This is 23% below median its historical median of 10.04. Over the past decade, Shiv Aum Steels' Return-on-Tangible-Equity has ranged from 3.20 to 16.61. According to the industry distribution chart, Shiv Aum Steels ranks #244 out of 614 companies in the Steel industry, placing it in the top 39.7%.
Is Shiv Aum Steels' Return-on-Tangible-Equity too high?
Shiv Aum Steels' current Return-on-Tangible-Equity of 7.73% is 23% below median its 10-year median of 10.04. Over the past 10 years, this metric has ranged from a low of 3.20 to a high of 16.61. The Steel industry median Return-on-Tangible-Equity is 4.20. Shiv Aum Steels' value of 7.73% is 84.3% above this industry median. Based on the distribution chart, Shiv Aum Steels ranks #244 out of 614 companies in the Steel industry, which is above the industry midpoint. Overall, Shiv Aum Steels has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shiv Aum Steels' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Shiv Aum Steels ranks #244 out of 614 companies for Return-on-Tangible-Equity. This puts Shiv Aum Steels in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.20. Shiv Aum Steels' value of 7.73% is 84.3% above this benchmark. Historically, Shiv Aum Steels' own Return-on-Tangible-Equity has ranged from 3.20 to 16.61 over the past decade. While the company's 10-year median is 10.04 vs. the industry median of 4.20, Shiv Aum 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 4.20, 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. Shiv Aum Steels's current Return-on-Tangible-Equity of 7.73% is 84.3% 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 Shiv Aum Steels and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shiv Aum Steels's current Return-on-Tangible-Equity is 7.73%, which is 23% below median its own 10-year median of 10.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shiv Aum Steels stock overvalued right now?
Based on GuruFocus' analysis, Shiv Aum Steels (NSE:SHIVAUM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹324.96, compared to a current price of ₹447.10 — trading 37.6% above its estimated fair value. The current Return-on-Tangible-Equity is 7.73%, which is 23% below median its 10-year median of 10.04 and 84.3% above the Steel industry median of 4.20. Shiv Aum Steels' overall GF Score™ is 66/100 with 8 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 Shiv Aum Steels (NSE:SHIVAUM), the current Return-on-Tangible-Equity is 7.73% 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 Shiv Aum Steels (NSE:SHIVAUM) Overvalued in 2026?
Based on GuruFocus' analysis, Shiv Aum Steels stock appears to be overvalued.
The current stock price of ₹447.10 is trading 37.6% above its estimated GF Value™ of ₹324.96.
GuruFocus considers Shiv Aum Steels to be Significantly Overvalued.
Key valuation signals for NSE:SHIVAUM:
Return-on-Tangible-Equity: 7.73% (23% below median its 10-year median of 10.04)
GF Value™: ₹324.96 vs. price of ₹447.10 (37.6% above fair value)
Industry Position: 84.3% above the Steel median (#244 of 614)
No single metric tells the full story. See the NSE:SHIVAUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shiv Aum Steels Ltd is engaged in the business of iron and steel products, dealing in structural steel, coils, and plates. It trades mild steel products such as beams, angles, plates, channels, coils, and thermo mechanically treated (TMT) bars. Operating as a trader, stockist, and distributor, it offers various steel products, including I-Beams, H-Beams, C Channels, Angles, T-Angles, Coils, and Plates in different sizes as per customer requirements. The Company is an authorized distributor for premium steel brands like Jindal Steel & Power Limited (JSPL), Steel Authority of India (SAIL), and Rashtriya Ispat Nigam Limited (RINL), among others. It serves a broad customer base across India, ranging from small steel processing units to large EPC companies and real estate developers.
66GF Score
Get the complete analysis for NSE:SHIVAUM
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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