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Lehar FootwearsBOM:532829 -0.32%84 Return-on-Tangible-Asset is 6.07% as of Mar. 2026, which is 266% above its 10-year median of 1.66. GuruFocus rates BOM:532829 with a GF Score™ of 84/100 and a GF Value™ of ₹283.58 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Lehar Footwears ranks better than 85.22% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Lehar Footwears's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹166 Mil. Lehar Footwears's average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,727 Mil. Therefore, Lehar Footwears's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.07%.
The historical rank and industry rank for Lehar Footwears's Return-on-Tangible-Asset or its related term are showing as below:
BOM:532829'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.05 Med: 1.66 Max: 7.92
Current: 7.92
During the past 13 years, Lehar Footwears's highest Return-on-Tangible-Asset was 7.92%. The lowest was 0.05%. And the median was 1.66%.
BOM:532829's Return-on-Tangible-Asset is ranked better than 85.22% of 1069
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.99
vs BOM:532829: 7.92
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Lehar Footwears Return-on-Tangible-Asset Related Terms
Lehar Footwears Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Lehar Footwears's Return-on-Tangible-Asset 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.
BOM:532829 vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Lehar Footwears's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Lehar Footwears Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lehar Footwears's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Lehar Footwears's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible 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.
What does a Return-on-Tangible-Asset of 6.07% mean?
Lehar Footwears (BOM:532829) has a Return-on-Tangible-Asset of 6.07% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Lehar Footwears and its competitors. This is 266% above median its historical median of 1.66. Over the past decade, Lehar Footwears' Return-on-Tangible-Asset has ranged from 0.05 to 7.92. According to the industry distribution chart, Lehar Footwears ranks #158 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 14.8%.
Is Lehar Footwears' Return-on-Tangible-Asset too high?
Lehar Footwears' current Return-on-Tangible-Asset of 6.07% is 266% above median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 7.92. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 1.99. Lehar Footwears' value of 6.07% is 205% above this industry median. Based on the distribution chart, Lehar Footwears ranks #158 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Lehar Footwears has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lehar Footwears' Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Lehar Footwears ranks #158 out of 1069 companies for Return-on-Tangible-Asset. This places Lehar Footwears in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.99. Lehar Footwears' value of 6.07% is 205% above this benchmark. Historically, Lehar Footwears' own Return-on-Tangible-Asset has ranged from 0.05 to 7.92 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 1.99, Lehar Footwears 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-Asset for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 1.99, based on 1,069 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lehar Footwears's current Return-on-Tangible-Asset of 6.07% is 205% 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-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Lehar Footwears and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lehar Footwears's current Return-on-Tangible-Asset is 6.07%, which is 266% above median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lehar Footwears stock overvalued right now?
Based on GuruFocus' analysis, Lehar Footwears (BOM:532829) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹283.58, compared to a current price of ₹246.75 — trading 13% below its estimated fair value. The current Return-on-Tangible-Asset is 6.07%, which is 266% above median its 10-year median of 1.66 and 205% above the Manufacturing - Apparel & Accessories industry median of 1.99. Lehar Footwears' overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Lehar Footwears (BOM:532829), the current Return-on-Tangible-Asset is 6.07% 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 Lehar Footwears (BOM:532829) Overvalued in 2026?
Based on GuruFocus' analysis, Lehar Footwears stock appears to be undervalued.
The current stock price of ₹246.75 is trading 13% below its estimated GF Value™ of ₹283.58.
GuruFocus considers Lehar Footwears to be Modestly Undervalued.
Key valuation signals for BOM:532829:
Return-on-Tangible-Asset: 6.07% (266% above median its 10-year median of 1.66)
GF Value™: ₹283.58 vs. price of ₹246.75 (13% below fair value)
Industry Position: 205% above the Manufacturing - Apparel & Accessories median (#158 of 1069)
No single metric tells the full story. See the BOM:532829 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lehar Footwears Ltd is an India-based footwear manufacturing company. It manufactures a variety of footwear like lightweight fancy slippers, Polyvinyl Chloride (PVC) and Thermoplastic rubbers (TPR) footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes. It manufactures and sells its products under the name LEHAR in the domestic market. The company operates in one single segment which is the Manufacturing of Footwear.
84GF Score
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