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Shri Hare-Krishna Sponge IronNSE:SHKSIL +2.21%20 Return-on-Tangible-Equity is 2.95% as of Mar. 2026, which is 83% below its 10-year median of 17.28. GuruFocus rates NSE:SHKSIL with a GF Score™ of 20/100. The stock has 7 warning signs investors should review. Among 615 Steel companies, Shri Hare-Krishna Sponge Iron ranks better than 63.58% 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. Shri Hare-Krishna Sponge Iron's annualized net income for the quarter that ended in Mar. 2026 was ₹31.0 Mil. Shri Hare-Krishna Sponge Iron's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,051.4 Mil. Therefore, Shri Hare-Krishna Sponge Iron's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.95%.
The historical rank and industry rank for Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SHKSIL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.57 Med: 17.28 Max: 21.5
Current: 6.57
During the past 5 years, Shri Hare-Krishna Sponge Iron's highest Return-on-Tangible-Equity was 21.50%. The lowest was 6.57%. And the median was 17.28%.
NSE:SHKSIL's Return-on-Tangible-Equity is ranked better than 63.58% of 615
companies
in the Steel industry
Industry Median: 4.05
vs NSE:SHKSIL: 6.57
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) 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.
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Equity Related Terms
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Equity Historical Data
* 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.
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Equity Chart
NSE:SHKSIL vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron'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.
Shri Hare-Krishna Sponge Iron Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron'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 2.95% mean?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Return-on-Tangible-Equity of 2.95% 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 Shri Hare-Krishna Sponge Iron and its competitors. This is 83% below median its historical median of 17.28. Over the past decade, Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Equity has ranged from 6.57 to 21.50. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #224 out of 615 companies in the Steel industry, placing it in the top 36.4%.
Is Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Equity too high?
Shri Hare-Krishna Sponge Iron's current Return-on-Tangible-Equity of 2.95% is 83% below median its 10-year median of 17.28. Over the past 10 years, this metric has ranged from a low of 6.57 to a high of 21.50. The Steel industry median Return-on-Tangible-Equity is 4.05. Shri Hare-Krishna Sponge Iron's value of 2.95% is 27.2% below this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #224 out of 615 companies in the Steel industry, which is above the industry midpoint. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #224 out of 615 companies for Return-on-Tangible-Equity. This puts Shri Hare-Krishna Sponge Iron in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.05. Shri Hare-Krishna Sponge Iron's value of 2.95% is 27.2% below this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Return-on-Tangible-Equity has ranged from 6.57 to 21.50 over the past decade. While the company's 10-year median is 17.28 vs. the industry median of 4.05, Shri Hare-Krishna Sponge Iron has consistently been below 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. Shri Hare-Krishna Sponge Iron's current Return-on-Tangible-Equity of 2.95% is 27.2% below 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 Shri Hare-Krishna Sponge Iron 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. Shri Hare-Krishna Sponge Iron's current Return-on-Tangible-Equity is 2.95%, which is 83% below median its own 10-year median of 17.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Return-on-Tangible-Equity of 2.95%. The current Return-on-Tangible-Equity is 2.95%, which is 83% below median its 10-year median of 17.28 and 27.2% below the Steel industry median of 4.05. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 20/100 with 7 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 Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Return-on-Tangible-Equity is 2.95% 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.
Shri Hare-Krishna Sponge Iron Business Description
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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