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Ion Exchange (India)BOM:500214 -3.94%72 Return-on-Tangible-Equity is 1.84% as of Mar. 2026, which is 92% below its 10-year median of 24.43. GuruFocus rates BOM:500214 with a GF Score™ of 72/100 and a GF Value™ of ₹673.61 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,973 Industrial Products companies, Ion Exchange (India) ranks worse than 69.93% 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. Ion Exchange (India)'s annualized net income for the quarter that ended in Mar. 2026 was ₹241 Mil. Ion Exchange (India)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹12,461 Mil. Therefore, Ion Exchange (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.94%.
The historical rank and industry rank for Ion Exchange (India)'s Return-on-Tangible-Equity or its related term are showing as below:
BOM:500214'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.94 Med: 24.43 Max: 33.95
Current: 1.94
During the past 13 years, Ion Exchange (India)'s highest Return-on-Tangible-Equity was 33.95%. The lowest was 1.94%. And the median was 24.43%.
BOM:500214's Return-on-Tangible-Equity is ranked worse than 69.93% of 2973
companies
in the Industrial Products industry
Industry Median: 6.8
vs BOM:500214: 1.94
Ion Exchange (India) (BOM:500214) 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.
Ion Exchange (India) Return-on-Tangible-Equity Related Terms
Ion Exchange (India) Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ion Exchange (India)'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.
Ion Exchange (India) Return-on-Tangible-Equity Chart
BOM:500214 vs VLTO, ZWS, CECO: Return-on-Tangible-Equity Comparison
For the Pollution & Treatment Controls subindustry, Ion Exchange (India)'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.
Ion Exchange (India) Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ion Exchange (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ion Exchange (India)'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 one times the annual (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 1.84% mean?
Ion Exchange (India) (BOM:500214) has a Return-on-Tangible-Equity of 1.84% 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 Ion Exchange (India) and its competitors. This is 92% below median its historical median of 24.43. Over the past decade, Ion Exchange (India)'s Return-on-Tangible-Equity has ranged from 1.94 to 33.95. According to the industry distribution chart, Ion Exchange (India) ranks #2079 out of 2973 companies in the Industrial Products industry, placing it in the top 69.9%.
Is Ion Exchange (India)'s Return-on-Tangible-Equity too high?
Ion Exchange (India)'s current Return-on-Tangible-Equity of 1.84% is 92% below median its 10-year median of 24.43. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 33.95. The Industrial Products industry median Return-on-Tangible-Equity is 6.80. Ion Exchange (India)'s value of 1.84% is 72.9% below this industry median. Based on the distribution chart, Ion Exchange (India) ranks #2079 out of 2973 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ion Exchange (India) has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ion Exchange (India)'s Return-on-Tangible-Equity compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Ion Exchange (India) ranks #2079 out of 2973 companies for Return-on-Tangible-Equity. This places Ion Exchange (India) in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.80. Ion Exchange (India)'s value of 1.84% is 72.9% below this benchmark. Historically, Ion Exchange (India)'s own Return-on-Tangible-Equity has ranged from 1.94 to 33.95 over the past decade. While the company's 10-year median is 24.43 vs. the industry median of 6.80, Ion Exchange (India) has consistently been below 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.80, based on 2,973 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. Ion Exchange (India)'s current Return-on-Tangible-Equity of 1.84% is 72.9% below 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 Ion Exchange (India) and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ion Exchange (India)'s current Return-on-Tangible-Equity is 1.84%, which is 92% below median its own 10-year median of 24.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ion Exchange (India) stock overvalued right now?
Based on GuruFocus' analysis, Ion Exchange (India) (BOM:500214) is currently considered Possible Value Trap. The stock's GF Value™ is ₹673.61, compared to a current price of ₹371.60 — trading 44.8% below its estimated fair value. The current Return-on-Tangible-Equity is 1.84%, which is 92% below median its 10-year median of 24.43 and 72.9% below the Industrial Products industry median of 6.80. Ion Exchange (India)'s overall GF Score™ is 72/100 with 8 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 Ion Exchange (India) (BOM:500214), the current Return-on-Tangible-Equity is 1.84% 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 Ion Exchange (India) (BOM:500214) Overvalued in 2026?
Based on GuruFocus' analysis, Ion Exchange (India) stock appears to be undervalued.
The current stock price of ₹371.60 is trading 44.8% below its estimated GF Value™ of ₹673.61.
GuruFocus considers Ion Exchange (India) to be Possible Value Trap.
Key valuation signals for BOM:500214:
Return-on-Tangible-Equity: 1.84% (92% below median its 10-year median of 24.43)
GF Value™: ₹673.61 vs. price of ₹371.60 (44.8% below fair value)
Industry Position: 72.9% below the Industrial Products median (#2079 of 2973)
No single metric tells the full story. See the BOM:500214 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ion Exchange (India) Ltd offers a wide range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycling, zero liquid discharge, sewage treatment, packaged drinking water, seawater desalination, etc. It also engaged in manufacturing resins, and specialty chemicals for water and wastewater treatment as well as non-water applications. It operates its business through the Engineering segment, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. It caters to both domestic and international markets.
72GF Score
Get the complete analysis for BOM:500214
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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