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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. Garware Offshore Services's annualized net income for the quarter that ended in Mar. 2026 was ₹-223.0 Mil. Garware Offshore Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,249.2 Mil. Therefore, Garware Offshore Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -17.85%.
The historical rank and industry rank for Garware Offshore Services's Return-on-Tangible-Equity or its related term are showing as below:
BOM:501848'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -79.52 Med: -7.17 Max: 55.19
Current: -7.11
During the past 13 years, Garware Offshore Services's highest Return-on-Tangible-Equity was 55.19%. The lowest was -79.52%. And the median was -7.17%.
BOM:501848's Return-on-Tangible-Equity is ranked worse than 88.45% of 978
companies
in the Transportation industry
Industry Median: 8.945
vs BOM:501848: -7.11
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.
Garware Offshore Services Return-on-Tangible-Equity Related Terms
Garware Offshore Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Garware Offshore Services'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.
For the Marine Shipping subindustry, Garware Offshore Services'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.
Garware Offshore Services Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, Garware Offshore Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Garware Offshore Services'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 four times the quarterly (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 -17.85% mean?
Garware Offshore Services (BOM:501848) has a Return-on-Tangible-Equity of -17.85% 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 Garware Offshore Services and its competitors. According to the industry distribution chart, Garware Offshore Services ranks #865 out of 978 companies in the Transportation industry, placing it in the top 88.4%.
Is Garware Offshore Services' Return-on-Tangible-Equity too high?
Garware Offshore Services' current Return-on-Tangible-Equity is -17.85%. Based on the distribution chart, Garware Offshore Services ranks #865 out of 978 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Garware Offshore Services has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Garware Offshore Services' Return-on-Tangible-Equity compare to competitors?
According to the Transportation industry distribution chart, Garware Offshore Services ranks #865 out of 978 companies for Return-on-Tangible-Equity. This places Garware Offshore Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.95. 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 a Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 8.95, based on 978 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. 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 Garware Offshore Services and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garware Offshore Services's current Return-on-Tangible-Equity is -17.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garware Offshore Services stock overvalued right now?
Based on GuruFocus' analysis, Garware Offshore Services (BOM:501848) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹59.63, compared to a current price of ₹44.75 — trading 25% below its estimated fair value. The current Return-on-Tangible-Equity is -17.85%. Garware Offshore Services' overall GF Score™ is 55/100 with 4 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 Garware Offshore Services (BOM:501848), the current Return-on-Tangible-Equity is -17.85% 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 Garware Offshore Services (BOM:501848) Overvalued in 2026?
Based on GuruFocus' analysis, Garware Offshore Services stock appears to be undervalued.
The current stock price of ₹44.75 is trading 25% below its estimated GF Value™ of ₹59.63.
GuruFocus considers Garware Offshore Services to be Modestly Undervalued.
Key valuation signals for BOM:501848:
Return-on-Tangible-Equity: -17.85%
GF Value™: ₹59.63 vs. price of ₹44.75 (25% below fair value)
No single metric tells the full story. See the BOM:501848 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Garware Offshore Services Ltd, formerly known as Global Offshore Services Ltd, is an Indian firm engaged in providing offshore support services to exploration and production companies. The company's vessels support oil and gas exploration efforts involving: the transport of personnel to rigs/platforms from onshore bases and vice-versa, delivery of cargo/material to rigs/platforms, anchor handling operations, towing of rigs from one location to another, support to offshore/underwater construction projects, the platform supply vessels owned and operated by the company and its subsidiaries are deployed in India, the North Sea, Brazil, and West Africa. The charter hire segment constitutes the majority of the company's revenue.
55GF Score
Get the complete analysis for BOM:501848
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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