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Tirupati ForgeNSE:TIRUPATIFL +2.31%72 Return-on-Tangible-Equity is 4.56% as of Mar. 2026, which is 67% below its 10-year median of 13.86. GuruFocus rates NSE:TIRUPATIFL with a GF Score™ of 72/100 and a GF Value™ of ₹41.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,978 Industrial Products companies, Tirupati Forge ranks worse than 57.19% 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. Tirupati Forge's annualized net income for the quarter that ended in Mar. 2026 was ₹61 Mil. Tirupati Forge's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,334 Mil. Therefore, Tirupati Forge's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 4.56%.
The historical rank and industry rank for Tirupati Forge's Return-on-Tangible-Equity or its related term are showing as below:
NSE:TIRUPATIFL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.65 Med: 13.86 Max: 29.93
Current: 5.25
During the past 13 years, Tirupati Forge's highest Return-on-Tangible-Equity was 29.93%. The lowest was 1.65%. And the median was 13.86%.
NSE:TIRUPATIFL's Return-on-Tangible-Equity is ranked worse than 57.19% of 2978
companies
in the Industrial Products industry
Industry Median: 7.01
vs NSE:TIRUPATIFL: 5.25
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.
Tirupati Forge Return-on-Tangible-Equity Related Terms
Tirupati Forge Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Tirupati Forge'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:TIRUPATIFL vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, Tirupati Forge'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.
Tirupati Forge Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tirupati Forge's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tirupati Forge'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 4.56% mean?
Tirupati Forge (NSE:TIRUPATIFL) has a Return-on-Tangible-Equity of 4.56% 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 Tirupati Forge and its competitors. This is 67% below median its historical median of 13.86. Over the past decade, Tirupati Forge's Return-on-Tangible-Equity has ranged from 1.65 to 29.93. According to the industry distribution chart, Tirupati Forge ranks #1703 out of 2978 companies in the Industrial Products industry, placing it in the top 57.2%.
Is Tirupati Forge's Return-on-Tangible-Equity too high?
Tirupati Forge's current Return-on-Tangible-Equity of 4.56% is 67% below median its 10-year median of 13.86. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 29.93. The Industrial Products industry median Return-on-Tangible-Equity is 7.01. Tirupati Forge's value of 4.56% is 35% below this industry median. Based on the distribution chart, Tirupati Forge ranks #1703 out of 2978 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Tirupati Forge has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tirupati Forge's Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Tirupati Forge ranks #1703 out of 2978 companies for Return-on-Tangible-Equity. This places Tirupati Forge in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.01. Tirupati Forge's value of 4.56% is 35% below this benchmark. Historically, Tirupati Forge's own Return-on-Tangible-Equity has ranged from 1.65 to 29.93 over the past decade. While the company's 10-year median is 13.86 vs. the industry median of 7.01, Tirupati Forge 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 7.01, based on 2,978 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. Tirupati Forge's current Return-on-Tangible-Equity of 4.56% is 35% 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 Tirupati Forge and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirupati Forge's current Return-on-Tangible-Equity is 4.56%, which is 67% below median its own 10-year median of 13.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirupati Forge stock overvalued right now?
Based on GuruFocus' analysis, Tirupati Forge (NSE:TIRUPATIFL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹41.16, compared to a current price of ₹66.38 — trading 61.3% above its estimated fair value. The current Return-on-Tangible-Equity is 4.56%, which is 67% below median its 10-year median of 13.86 and 35% below the Industrial Products industry median of 7.01. Tirupati Forge's overall GF Score™ is 72/100 with 5 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 Tirupati Forge (NSE:TIRUPATIFL), the current Return-on-Tangible-Equity is 4.56% 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 Tirupati Forge (NSE:TIRUPATIFL) Overvalued in 2026?
Based on GuruFocus' analysis, Tirupati Forge stock appears to be overvalued.
The current stock price of ₹66.38 is trading 61.3% above its estimated GF Value™ of ₹41.16.
GuruFocus considers Tirupati Forge to be Significantly Overvalued.
Key valuation signals for NSE:TIRUPATIFL:
Return-on-Tangible-Equity: 4.56% (67% below median its 10-year median of 13.86)
GF Value™: ₹41.16 vs. price of ₹66.38 (61.3% above fair value)
Industry Position: 35% below the Industrial Products median (#1703 of 2978)
No single metric tells the full story. See the NSE:TIRUPATIFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tirupati Forge Ltd is engaged in the manufacturing of forged and flanged products that cater to various industries. The company's product offerings include din flange, conical flange, plate, auto parts, gears, crankshaft, forged pipe fittings, seamless rolled rings, and others.
72GF Score
Get the complete analysis for NSE:TIRUPATIFL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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