ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ratnamani Metals & Tubes's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹4,186 Mil.
Ratnamani Metals & Tubes's average Total Assets over the quarter that ended in Mar. 2026 was ₹53,876 Mil. Therefore, Ratnamani Metals & Tubes's annualized ROA % for the quarter that ended in Mar. 2026 was 7.77%.
The historical rank and industry rank for Ratnamani Metals & Tubes's ROA % or its related term are showing as below:
NSE:RATNAMANI'
s ROA % Range Over the Past 10 Years
Min: 9.38 Med: 11.88 Max: 15.97
Current: 9.48
During the past 13 years, Ratnamani Metals & Tubes's highest ROA % was 15.97%. The lowest was 9.38%. And the median was 11.88%.
NSE:RATNAMANI's ROA % is ranked better than 91.01% of 634
companies
in the Steel industry
Industry Median: 1.9
vs NSE:RATNAMANI: 9.48
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Steel subindustry, Ratnamani Metals & Tubes's ROA %, along with its competitors' market caps and ROA % 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.
Ratnamani Metals & Tubes ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Ratnamani Metals & Tubes's ROA % distribution charts can be found below:
* The bar in red indicates where Ratnamani Metals & Tubes's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Ratnamani Metals & Tubes (NSE:RATNAMANI) has a ROA % of 7.77% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ratnamani Metals & Tubes and its competitors. This is 35% below median its historical median of 11.88. Over the past decade, Ratnamani Metals & Tubes' ROA % has ranged from 9.38 to 15.97. According to the industry distribution chart, Ratnamani Metals & Tubes ranks #57 out of 634 companies in the Steel industry, placing it in the top 9%.
Is Ratnamani Metals & Tubes' ROA % too high?
Ratnamani Metals & Tubes' current ROA % of 7.77% is 35% below median its 10-year median of 11.88. Over the past 10 years, this metric has ranged from a low of 9.38 to a high of 15.97. The Steel industry median ROA % is 1.90. Ratnamani Metals & Tubes' value of 7.77% is 308.9% above this industry median. Based on the distribution chart, Ratnamani Metals & Tubes ranks #57 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Ratnamani Metals & Tubes has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ratnamani Metals & Tubes' ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Ratnamani Metals & Tubes ranks #57 out of 634 companies for ROA %. This places Ratnamani Metals & Tubes in the top 9% of its industry — outperforming the majority of peers. The industry median ROA % is 1.90. Ratnamani Metals & Tubes' value of 7.77% is 308.9% above this benchmark. Historically, Ratnamani Metals & Tubes' own ROA % has ranged from 9.38 to 15.97 over the past decade. While the company's 10-year median is 11.88 vs. the industry median of 1.90, Ratnamani Metals & Tubes 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 ROA % for a Steel company?
The median ROA % among Steel companies is 1.90, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ratnamani Metals & Tubes's current ROA % of 7.77% is 308.9% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ratnamani Metals & Tubes and its competitors. For the Steel industry, the median ROA % is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ratnamani Metals & Tubes's current ROA % is 7.77%, which is 35% below median its own 10-year median of 11.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ratnamani Metals & Tubes stock overvalued right now?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes (NSE:RATNAMANI) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,640.06, compared to a current price of ₹2,479.80 — trading 6.1% below its estimated fair value. The current ROA % is 7.77%, which is 35% below median its 10-year median of 11.88 and 308.9% above the Steel industry median of 1.90. Ratnamani Metals & Tubes' overall GF Score™ is 96/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Ratnamani Metals & Tubes (NSE:RATNAMANI), the current ROA % is 7.77% 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 Ratnamani Metals & Tubes (NSE:RATNAMANI) Overvalued in 2026?
Based on GuruFocus' analysis, Ratnamani Metals & Tubes stock appears to be undervalued.
The current stock price of ₹2,479.80 is trading 6.1% below its estimated GF Value™ of ₹2,640.06.
GuruFocus considers Ratnamani Metals & Tubes to be Fairly Valued.
Key valuation signals for NSE:RATNAMANI:
ROA %: 7.77% (35% below median its 10-year median of 11.88)
GF Value™: ₹2,640.06 vs. price of ₹2,479.80 (6.1% below fair value)
Industry Position: 308.9% above the Steel median (#57 of 634)
No single metric tells the full story. See the NSE:RATNAMANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressThe First Avenue Road, Off 132 Ft Ring Road, The First, A & B Wing, 9th Floor, Behind Keshav Baug Party Plot, Vastrapur, Ahmedabad, GJ, IND, 380015
Ratnamani Metals & Tubes Ltd is a manufacturer of stainless steel pipes, tubes, and carbon steel pipes. The company's product mix consists of stainless steel tubes and pipes, carbon steel pipes, and external and internal coating solutions. It operates in the Steel Tubes and Pipes segment. The company's end market by revenue is India. The firm's manufacturing facilities are located in Kutch, Indrad, and Chhatral in the state of Gujarat.
96GF Score
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