Tamil Nadu Newsprint & PapersNSE:TNPL +0.36%77 Return-on-Tangible-Equity is 41.52% as of Mar. 2026, which is 510% above its 10-year median of 6.81. GuruFocus rates NSE:TNPL with a GF Score™ of 77/100 and a GF Value™ of ₹182.84 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 280 Forest Products companies, Tamil Nadu Newsprint & Papers ranks better than 85.71% 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. Tamil Nadu Newsprint & Papers's annualized net income for the quarter that ended in Mar. 2026 was ₹9,612 Mil. Tamil Nadu Newsprint & Papers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹23,151 Mil. Therefore, Tamil Nadu Newsprint & Papers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.52%.
The historical rank and industry rank for Tamil Nadu Newsprint & Papers's Return-on-Tangible-Equity or its related term are showing as below:
NSE:TNPL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.95 Med: 6.81 Max: 21.98
Current: 11.49
During the past 13 years, Tamil Nadu Newsprint & Papers's highest Return-on-Tangible-Equity was 21.98%. The lowest was -3.95%. And the median was 6.81%.
NSE:TNPL's Return-on-Tangible-Equity is ranked better than 85.71% of 280
companies
in the Forest Products industry
Industry Median: 2.2
vs NSE:TNPL: 11.49
Tamil Nadu Newsprint & Papers (NSE:TNPL) 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.
Tamil Nadu Newsprint & Papers Return-on-Tangible-Equity Related Terms
Tamil Nadu Newsprint & Papers 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.
Tamil Nadu Newsprint & Papers Return-on-Tangible-Equity Chart
Tamil Nadu Newsprint & Papers Return-on-Tangible-Equity Competitor Comparison
For the Paper & Paper Products subindustry, Tamil Nadu Newsprint & Papers'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.
Tamil Nadu Newsprint & Papers Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Tamil Nadu Newsprint & Papers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Tamil Nadu Newsprint & Papers'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 41.52% mean?
Tamil Nadu Newsprint & Papers (NSE:TNPL) has a Return-on-Tangible-Equity of 41.52% 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 Tamil Nadu Newsprint & Papers and its competitors. This is 510% above median its historical median of 6.81. According to the industry distribution chart, Tamil Nadu Newsprint & Papers ranks #40 out of 280 companies in the Forest Products industry, placing it in the top 14.3%.
Is Tamil Nadu Newsprint & Papers' Return-on-Tangible-Equity too high?
Tamil Nadu Newsprint & Papers' current Return-on-Tangible-Equity of 41.52% is 510% above median its 10-year median of 6.81. The Forest Products industry median Return-on-Tangible-Equity is 2.20. Tamil Nadu Newsprint & Papers' value of 41.52% is 1787.3% above this industry median. Based on the distribution chart, Tamil Nadu Newsprint & Papers ranks #40 out of 280 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tamil Nadu Newsprint & Papers has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tamil Nadu Newsprint & Papers' Return-on-Tangible-Equity compare to competitors?
According to the Forest Products industry distribution chart, Tamil Nadu Newsprint & Papers ranks #40 out of 280 companies for Return-on-Tangible-Equity. This places Tamil Nadu Newsprint & Papers in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 2.20. Tamil Nadu Newsprint & Papers' value of 41.52% is 1787.3% above this benchmark. While the company's 10-year median is 6.81 vs. the industry median of 2.20, Tamil Nadu Newsprint & Papers 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.20, based on 280 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. Tamil Nadu Newsprint & Papers's current Return-on-Tangible-Equity of 41.52% is 1787.3% 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 Tamil Nadu Newsprint & Papers and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tamil Nadu Newsprint & Papers's current Return-on-Tangible-Equity is 41.52%, which is 510% above median its own 10-year median of 6.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamil Nadu Newsprint & Papers stock overvalued right now?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers (NSE:TNPL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹182.84, compared to a current price of ₹143.72 — trading 21.4% below its estimated fair value. The current Return-on-Tangible-Equity is 41.52%, which is 510% above median its 10-year median of 6.81 and 1787.3% above the Forest Products industry median of 2.20. Tamil Nadu Newsprint & Papers' overall GF Score™ is 77/100 with 6 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 Tamil Nadu Newsprint & Papers (NSE:TNPL), the current Return-on-Tangible-Equity is 41.52% 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 Tamil Nadu Newsprint & Papers (NSE:TNPL) Overvalued in 2026?
Based on GuruFocus' analysis, Tamil Nadu Newsprint & Papers stock appears to be undervalued.
The current stock price of ₹143.72 is trading 21.4% below its estimated GF Value™ of ₹182.84.
GuruFocus considers Tamil Nadu Newsprint & Papers to be Modestly Undervalued.
Key valuation signals for NSE:TNPL:
Return-on-Tangible-Equity: 41.52% (510% above median its 10-year median of 6.81)
GF Value™: ₹182.84 vs. price of ₹143.72 (21.4% below fair value)
Industry Position: 1787.3% above the Forest Products median (#40 of 280)
No single metric tells the full story. See the NSE:TNPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamil Nadu Newsprint & Papers Business Description
Tamil Nadu Newsprint & Papers Ltd is engaged in the business of printing and writing paper. It operates in two segments Paper & Paper Board and Energy. Paper & Paper Board is involved in the Manufacturing and selling of Paper and Paper boards, and the Energy involved in the Generation of Power through TGs and Windmills for captive consumption and for export of power. Its products include Paper, Packaging Board, Cement, and Marketing Network.
77GF Score
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