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Steel Strips WheelsNSE:SSWL +2.93%87 Return-on-Tangible-Equity is 13.49% as of Mar. 2026, which is 5% above its 10-year median of 12.90. GuruFocus rates NSE:SSWL with a GF Score™ of 87/100 and a GF Value™ of ₹258.61 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Steel Strips Wheels ranks better than 62.98% 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. Steel Strips Wheels's annualized net income for the quarter that ended in Mar. 2026 was ₹2,434 Mil. Steel Strips Wheels's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹18,042 Mil. Therefore, Steel Strips Wheels's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.49%.
The historical rank and industry rank for Steel Strips Wheels's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SSWL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.41 Med: 12.9 Max: 52.39
Current: 11.1
During the past 13 years, Steel Strips Wheels's highest Return-on-Tangible-Equity was 52.39%. The lowest was 3.41%. And the median was 12.90%.
NSE:SSWL's Return-on-Tangible-Equity is ranked better than 62.98% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.47
vs NSE:SSWL: 11.10
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.
Steel Strips Wheels Return-on-Tangible-Equity Related Terms
Steel Strips Wheels Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Steel Strips Wheels'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:SSWL vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Steel Strips Wheels'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.
Steel Strips Wheels Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Steel Strips Wheels's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Steel Strips Wheels'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 13.49% mean?
Steel Strips Wheels (NSE:SSWL) has a Return-on-Tangible-Equity of 13.49% 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 Steel Strips Wheels and its competitors. This is near median its historical median of 12.90. Over the past decade, Steel Strips Wheels' Return-on-Tangible-Equity has ranged from 3.41 to 52.39. According to the industry distribution chart, Steel Strips Wheels ranks #475 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 37%.
Is Steel Strips Wheels' Return-on-Tangible-Equity too high?
Steel Strips Wheels' current Return-on-Tangible-Equity of 13.49% is near median its 10-year median of 12.90. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 52.39. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.47. Steel Strips Wheels' value of 13.49% is 80.6% above this industry median. Based on the distribution chart, Steel Strips Wheels ranks #475 out of 1283 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Steel Strips Wheels has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Steel Strips Wheels' Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Steel Strips Wheels ranks #475 out of 1283 companies for Return-on-Tangible-Equity. This puts Steel Strips Wheels in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.47. Steel Strips Wheels' value of 13.49% is 80.6% above this benchmark. Historically, Steel Strips Wheels' own Return-on-Tangible-Equity has ranged from 3.41 to 52.39 over the past decade. While the company's 10-year median is 12.90 vs. the industry median of 7.47, Steel Strips Wheels 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.47, based on 1,283 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. Steel Strips Wheels's current Return-on-Tangible-Equity of 13.49% is 80.6% 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 Steel Strips Wheels and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Strips Wheels's current Return-on-Tangible-Equity is 13.49%, which is near median its own 10-year median of 12.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Strips Wheels stock overvalued right now?
Based on GuruFocus' analysis, Steel Strips Wheels (NSE:SSWL) is currently considered Fairly Valued. The stock's GF Value™ is ₹258.61, compared to a current price of ₹253.26 — trading 2.1% below its estimated fair value. The current Return-on-Tangible-Equity is 13.49%, which is near median its 10-year median of 12.90 and 80.6% above the Vehicles & Parts industry median of 7.47. Steel Strips Wheels' overall GF Score™ is 87/100 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 Steel Strips Wheels (NSE:SSWL), the current Return-on-Tangible-Equity is 13.49% 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 Steel Strips Wheels (NSE:SSWL) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Strips Wheels stock appears to be undervalued.
The current stock price of ₹253.26 is trading 2.1% below its estimated GF Value™ of ₹258.61.
GuruFocus considers Steel Strips Wheels to be Fairly Valued.
Key valuation signals for NSE:SSWL:
Return-on-Tangible-Equity: 13.49% (near median its 10-year median of 12.90)
GF Value™: ₹258.61 vs. price of ₹253.26 (2.1% below fair value)
Industry Position: 80.6% above the Vehicles & Parts median (#475 of 1283)
No single metric tells the full story. See the NSE:SSWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Strips Wheels Ltd is an India-based automotive steel wheel manufacturing company. It is engaged in the designing and manufacturing business of Steel wheel rims and Alloy wheel rims catering to different segments of the automobile industry. The company operates in India and has a presence in international markets as well. The group generates the majority of its revenue from India.
87GF Score
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