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Dharni Capital ServicesBOM:543753 90 Return-on-Tangible-Asset is 16.84% as of Mar. 2026, which is 6% below its 10-year median of 17.93. GuruFocus rates BOM:543753 with a GF Score™ of 90/100 and a GF Value™ of ₹69.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,618 Asset Management companies, Dharni Capital Services ranks better than 82.32% 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. Dharni Capital Services's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹47.09 Mil. Dharni Capital Services's average total tangible assets for the quarter that ended in Mar. 2026 was ₹279.62 Mil. Therefore, Dharni Capital Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 16.84%.
The historical rank and industry rank for Dharni Capital Services's Return-on-Tangible-Asset or its related term are showing as below:
BOM:543753'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.99 Med: 17.93 Max: 71.38
Current: 17.57
During the past 7 years, Dharni Capital Services's highest Return-on-Tangible-Asset was 71.38%. The lowest was 6.99%. And the median was 17.93%.
BOM:543753's Return-on-Tangible-Asset is ranked better than 82.32% of 1618
companies
in the Asset Management industry
Industry Median: 4.68
vs BOM:543753: 17.57
Dharni Capital Services (BOM:543753) Return-on-Tangible-Asset Explanation
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.
Dharni Capital Services Return-on-Tangible-Asset Related Terms
Dharni Capital Services Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dharni Capital Services'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.
Dharni Capital Services Return-on-Tangible-Asset Chart
BOM:543753 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Dharni Capital Services'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.
Dharni Capital Services Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dharni Capital Services's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dharni Capital Services'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.84% mean?
Dharni Capital Services (BOM:543753) has a Return-on-Tangible-Asset of 16.84% 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 Dharni Capital Services and its competitors. This is near median its historical median of 17.93. Over the past decade, Dharni Capital Services' Return-on-Tangible-Asset has ranged from 6.99 to 71.38. According to the industry distribution chart, Dharni Capital Services ranks #286 out of 1618 companies in the Asset Management industry, placing it in the top 17.7%.
Is Dharni Capital Services' Return-on-Tangible-Asset too high?
Dharni Capital Services' current Return-on-Tangible-Asset of 16.84% is near median its 10-year median of 17.93. Over the past 10 years, this metric has ranged from a low of 6.99 to a high of 71.38. The Asset Management industry median Return-on-Tangible-Asset is 4.68. Dharni Capital Services' value of 16.84% is 259.8% above this industry median. Based on the distribution chart, Dharni Capital Services ranks #286 out of 1618 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Dharni Capital Services has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dharni Capital Services' Return-on-Tangible-Asset compare to BLK and BX?
According to the Asset Management industry distribution chart, Dharni Capital Services ranks #286 out of 1618 companies for Return-on-Tangible-Asset. This places Dharni Capital Services in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.68. Dharni Capital Services' value of 16.84% is 259.8% above this benchmark. Historically, Dharni Capital Services' own Return-on-Tangible-Asset has ranged from 6.99 to 71.38 over the past decade. While the company's 10-year median is 17.93 vs. the industry median of 4.68, Dharni Capital Services 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.68, based on 1,618 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. Dharni Capital Services's current Return-on-Tangible-Asset of 16.84% is 259.8% 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-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 Dharni Capital Services and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dharni Capital Services's current Return-on-Tangible-Asset is 16.84%, which is near median its own 10-year median of 17.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dharni Capital Services stock overvalued right now?
Based on GuruFocus' analysis, Dharni Capital Services (BOM:543753) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹69.85, compared to a current price of ₹55.00 — trading 21.3% below its estimated fair value. The current Return-on-Tangible-Asset is 16.84%, which is near median its 10-year median of 17.93 and 259.8% above the Asset Management industry median of 4.68. Dharni Capital Services' overall GF Score™ is 90/100 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 Dharni Capital Services (BOM:543753), the current Return-on-Tangible-Asset is 16.84% 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 Dharni Capital Services (BOM:543753) Overvalued in 2026?
Based on GuruFocus' analysis, Dharni Capital Services stock appears to be undervalued.
The current stock price of ₹55.00 is trading 21.3% below its estimated GF Value™ of ₹69.85.
GuruFocus considers Dharni Capital Services to be Modestly Undervalued.
Key valuation signals for BOM:543753:
Return-on-Tangible-Asset: 16.84% (near median its 10-year median of 17.93)
GF Value™: ₹69.85 vs. price of ₹55.00 (21.3% below fair value)
Industry Position: 259.8% above the Asset Management median (#286 of 1618)
No single metric tells the full story. See the BOM:543753 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dharni Capital Services Ltd is a one-stop shop for all financial services requirements, with a special focus on Investment Advisory Services. The company strives to cater to various financial needs, including but not limited to Investment Management, Financial Planning, Income Tax, Accounting, and Business Advisory services. The company's revenue includes offering Diversified Financial services such as Mutual Fund Distribution services and Fixed Deposit Distribution services, Real Estate Brokerage services, and Technical Consultancy and Outsourcing services, and also offers a technology-enabled, comprehensive Investment and Financial services platform with end-to-end solutions critical for financial product distribution and presence across both online and offline channels.
90GF Score
Get the complete analysis for BOM:543753
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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