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Vraj Iron and SteelNSE:VRAJ -1.96%39 Return-on-Tangible-Equity is 14.49% as of Mar. 2026, which is 45% below its 10-year median of 26.33. GuruFocus rates NSE:VRAJ with a GF Score™ of 39/100. The stock has 3 warning signs investors should review. Among 616 Steel companies, Vraj Iron and Steel ranks better than 67.86% 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. Vraj Iron and Steel's annualized net income for the quarter that ended in Mar. 2026 was ₹623 Mil. Vraj Iron and Steel's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹4,297 Mil. Therefore, Vraj Iron and Steel's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.49%.
The historical rank and industry rank for Vraj Iron and Steel's Return-on-Tangible-Equity or its related term are showing as below:
NSE:VRAJ'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.74 Med: 26.33 Max: 47.35
Current: 7.75
During the past 6 years, Vraj Iron and Steel's highest Return-on-Tangible-Equity was 47.35%. The lowest was 7.74%. And the median was 26.33%.
NSE:VRAJ's Return-on-Tangible-Equity is ranked better than 67.86% of 616
companies
in the Steel industry
Industry Median: 4.13
vs NSE:VRAJ: 7.75
Vraj Iron and Steel (NSE:VRAJ) 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.
Vraj Iron and Steel Return-on-Tangible-Equity Related Terms
Vraj Iron and Steel Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vraj Iron and Steel'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.
Vraj Iron and Steel Return-on-Tangible-Equity Chart
NSE:VRAJ vs NUE, STLD, RS: Return-on-Tangible-Equity Comparison
For the Steel subindustry, Vraj Iron and Steel'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.
Vraj Iron and Steel Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Vraj Iron and Steel's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vraj Iron and Steel'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 14.49% mean?
Vraj Iron and Steel (NSE:VRAJ) has a Return-on-Tangible-Equity of 14.49% 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 Vraj Iron and Steel and its competitors. This is 45% below median its historical median of 26.33. Over the past decade, Vraj Iron and Steel's Return-on-Tangible-Equity has ranged from 7.74 to 47.35. According to the industry distribution chart, Vraj Iron and Steel ranks #198 out of 616 companies in the Steel industry, placing it in the top 32.1%.
Is Vraj Iron and Steel's Return-on-Tangible-Equity too high?
Vraj Iron and Steel's current Return-on-Tangible-Equity of 14.49% is 45% below median its 10-year median of 26.33. Over the past 10 years, this metric has ranged from a low of 7.74 to a high of 47.35. The Steel industry median Return-on-Tangible-Equity is 4.13. Vraj Iron and Steel's value of 14.49% is 250.8% above this industry median. Based on the distribution chart, Vraj Iron and Steel ranks #198 out of 616 companies in the Steel industry, which is above the industry midpoint. Overall, Vraj Iron and Steel has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Vraj Iron and Steel's Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Vraj Iron and Steel ranks #198 out of 616 companies for Return-on-Tangible-Equity. This puts Vraj Iron and Steel in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.13. Vraj Iron and Steel's value of 14.49% is 250.8% above this benchmark. Historically, Vraj Iron and Steel's own Return-on-Tangible-Equity has ranged from 7.74 to 47.35 over the past decade. While the company's 10-year median is 26.33 vs. the industry median of 4.13, Vraj Iron and Steel 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 Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.13, based on 616 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. Vraj Iron and Steel's current Return-on-Tangible-Equity of 14.49% is 250.8% 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 Vraj Iron and Steel and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vraj Iron and Steel's current Return-on-Tangible-Equity is 14.49%, which is 45% below median its own 10-year median of 26.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vraj Iron and Steel stock overvalued right now?
Vraj Iron and Steel (NSE:VRAJ) has a current Return-on-Tangible-Equity of 14.49%. The current Return-on-Tangible-Equity is 14.49%, which is 45% below median its 10-year median of 26.33 and 250.8% above the Steel industry median of 4.13. Vraj Iron and Steel's overall GF Score™ is 39/100 with 3 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 Vraj Iron and Steel (NSE:VRAJ), the current Return-on-Tangible-Equity is 14.49% 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.
Vraj Iron and Steel Ltd is a subsidiary of Gopal Sponge and Power Private Limited, with two manufacturing units located at Raipur and Bilaspur in Chhattisgarh. The company is engaged in the manufacture of iron and steel in Central India. It produces Sponge Iron, TMT Bars, and MS Billets under the brand "Vraj." Vraj Iron And Steel focuses on manufacturing and trading iron, steel, and power, which is its primary business segment. The company offers integrated steel plants with manufacturing setups, including DRI unit, EAF, continuous billet casting mill, high-speed rolling mill, and quality assurance laboratories.
39GF Score
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