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Manorama IndustriesNSE:MANORAMA -0.61%99 Return-on-Tangible-Asset is 14.31% as of Mar. 2026, which is 56% above its 10-year median of 9.19. GuruFocus rates NSE:MANORAMA with a GF Score™ of 99/100 and a GF Value™ of ₹1,973.94 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,989 Consumer Packaged Goods companies, Manorama Industries ranks better than 95.68% 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. Manorama Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,699 Mil. Manorama Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹11,877 Mil. Therefore, Manorama Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.31%.
The historical rank and industry rank for Manorama Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MANORAMA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.34 Med: 9.19 Max: 29.21
Current: 20.22
During the past 13 years, Manorama Industries's highest Return-on-Tangible-Asset was 29.21%. The lowest was 5.34%. And the median was 9.19%.
NSE:MANORAMA's Return-on-Tangible-Asset is ranked better than 95.68% of 1989
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs NSE:MANORAMA: 20.22
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.
Manorama Industries Return-on-Tangible-Asset Related Terms
Manorama Industries Return-on-Tangible-Asset Historical Data
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The historical data trend for Manorama Industries'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.
NSE:MANORAMA vs KHC, GIS: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Manorama Industries'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.
Manorama Industries Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Manorama Industries'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 14.31% mean?
Manorama Industries (NSE:MANORAMA) has a Return-on-Tangible-Asset of 14.31% 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 Manorama Industries and its competitors. This is 56% above median its historical median of 9.19. Over the past decade, Manorama Industries' Return-on-Tangible-Asset has ranged from 5.34 to 29.21. According to the industry distribution chart, Manorama Industries ranks #86 out of 1989 companies in the Consumer Packaged Goods industry, placing it in the top 4.3%.
Is Manorama Industries' Return-on-Tangible-Asset too high?
Manorama Industries' current Return-on-Tangible-Asset of 14.31% is 56% above median its 10-year median of 9.19. Over the past 10 years, this metric has ranged from a low of 5.34 to a high of 29.21. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. Manorama Industries' value of 14.31% is 306.5% above this industry median. Based on the distribution chart, Manorama Industries ranks #86 out of 1989 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Manorama Industries has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manorama Industries' Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Manorama Industries ranks #86 out of 1989 companies for Return-on-Tangible-Asset. This places Manorama Industries in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.52. Manorama Industries' value of 14.31% is 306.5% above this benchmark. Historically, Manorama Industries' own Return-on-Tangible-Asset has ranged from 5.34 to 29.21 over the past decade. While the company's 10-year median is 9.19 vs. the industry median of 3.52, Manorama Industries 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,989 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. Manorama Industries's current Return-on-Tangible-Asset of 14.31% is 306.5% 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 Manorama Industries and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manorama Industries's current Return-on-Tangible-Asset is 14.31%, which is 56% above median its own 10-year median of 9.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manorama Industries stock overvalued right now?
Based on GuruFocus' analysis, Manorama Industries (NSE:MANORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,973.94, compared to a current price of ₹1,607.90 — trading 18.5% below its estimated fair value. The current Return-on-Tangible-Asset is 14.31%, which is 56% above median its 10-year median of 9.19 and 306.5% above the Consumer Packaged Goods industry median of 3.52. Manorama Industries' overall GF Score™ is 99/100 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 Manorama Industries (NSE:MANORAMA), the current Return-on-Tangible-Asset is 14.31% 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 Manorama Industries (NSE:MANORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Manorama Industries stock appears to be undervalued.
The current stock price of ₹1,607.90 is trading 18.5% below its estimated GF Value™ of ₹1,973.94.
GuruFocus considers Manorama Industries to be Modestly Undervalued.
Key valuation signals for NSE:MANORAMA:
Return-on-Tangible-Asset: 14.31% (56% above median its 10-year median of 9.19)
GF Value™: ₹1,973.94 vs. price of ₹1,607.90 (18.5% below fair value)
Industry Position: 306.5% above the Consumer Packaged Goods median (#86 of 1989)
No single metric tells the full story. See the NSE:MANORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added, tailor-made products. Its only operating segment is the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Geographically, the company generates a majority of its revenue from outside India through exports, and the rest from its business within India.
99GF Score
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