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Thejo EngineeringNSE:THEJO -1.03%89 Return-on-Tangible-Equity is 17.92% as of Mar. 2026, which is 3% below its 10-year median of 18.50. GuruFocus rates NSE:THEJO with a GF Score™ of 89/100 and a GF Value™ of ₹2,265.87 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,972 Industrial Products companies, Thejo Engineering ranks better than 77.66% 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. Thejo Engineering's annualized net income for the quarter that ended in Mar. 2026 was ₹634 Mil. Thejo Engineering's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹3,537 Mil. Therefore, Thejo Engineering's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.92%.
The historical rank and industry rank for Thejo Engineering's Return-on-Tangible-Equity or its related term are showing as below:
NSE:THEJO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.98 Med: 18.5 Max: 28.49
Current: 15.19
During the past 13 years, Thejo Engineering's highest Return-on-Tangible-Equity was 28.49%. The lowest was 10.98%. And the median was 18.50%.
NSE:THEJO's Return-on-Tangible-Equity is ranked better than 77.66% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs NSE:THEJO: 15.19
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.
Thejo Engineering Return-on-Tangible-Equity Related Terms
Thejo Engineering Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Thejo Engineering'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:THEJO vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Thejo Engineering'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.
Thejo Engineering Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thejo Engineering's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Thejo Engineering'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 17.92% mean?
Thejo Engineering (NSE:THEJO) has a Return-on-Tangible-Equity of 17.92% 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 Thejo Engineering and its competitors. This is near median its historical median of 18.50. Over the past decade, Thejo Engineering's Return-on-Tangible-Equity has ranged from 10.98 to 28.49. According to the industry distribution chart, Thejo Engineering ranks #664 out of 2972 companies in the Industrial Products industry, placing it in the top 22.3%.
Is Thejo Engineering's Return-on-Tangible-Equity too high?
Thejo Engineering's current Return-on-Tangible-Equity of 17.92% is near median its 10-year median of 18.50. Over the past 10 years, this metric has ranged from a low of 10.98 to a high of 28.49. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Thejo Engineering's value of 17.92% is 164.3% above this industry median. Based on the distribution chart, Thejo Engineering ranks #664 out of 2972 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Thejo Engineering has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thejo Engineering's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Thejo Engineering ranks #664 out of 2972 companies for Return-on-Tangible-Equity. This places Thejo Engineering in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.78. Thejo Engineering's value of 17.92% is 164.3% above this benchmark. Historically, Thejo Engineering's own Return-on-Tangible-Equity has ranged from 10.98 to 28.49 over the past decade. While the company's 10-year median is 18.50 vs. the industry median of 6.78, Thejo Engineering 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,972 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. Thejo Engineering's current Return-on-Tangible-Equity of 17.92% is 164.3% 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 Thejo Engineering and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thejo Engineering's current Return-on-Tangible-Equity is 17.92%, which is near median its own 10-year median of 18.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thejo Engineering stock overvalued right now?
Based on GuruFocus' analysis, Thejo Engineering (NSE:THEJO) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,265.87, compared to a current price of ₹1,875.40 — trading 17.2% below its estimated fair value. The current Return-on-Tangible-Equity is 17.92%, which is near median its 10-year median of 18.50 and 164.3% above the Industrial Products industry median of 6.78. Thejo Engineering's overall GF Score™ is 89/100 with 4 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 Thejo Engineering (NSE:THEJO), the current Return-on-Tangible-Equity is 17.92% 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 Thejo Engineering (NSE:THEJO) Overvalued in 2026?
Based on GuruFocus' analysis, Thejo Engineering stock appears to be undervalued.
The current stock price of ₹1,875.40 is trading 17.2% below its estimated GF Value™ of ₹2,265.87.
GuruFocus considers Thejo Engineering to be Modestly Undervalued.
Key valuation signals for NSE:THEJO:
Return-on-Tangible-Equity: 17.92% (near median its 10-year median of 18.50)
GF Value™: ₹2,265.87 vs. price of ₹1,875.40 (17.2% below fair value)
Industry Position: 164.3% above the Industrial Products median (#664 of 2972)
No single metric tells the full story. See the NSE:THEJO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thejo Engineering Ltd is an India-based company. It is an engineering solutions provider for Bulk Material Handling, Mineral Processing, and Corrosion Protection. The company's operating segment includes Manufacturing units, Service Units, and Others. It generates maximum revenue from the Service units segment. The company serves a sector like mining, power, steel, metals, cement, ports, and fertilizers. Geographically, it derives a majority of revenue from India. Its product categories include conveyor care, dust suppression, transfer point solutions, flow promotion, abrasion and wear protection, filtration, screening solution, and others.
89GF Score
Get the complete analysis for NSE:THEJO
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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