Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
VIP IndustriesBOM:507880 +1.20%71 Return-on-Tangible-Equity is -178.73% as of Mar. 2026. GuruFocus rates BOM:507880 with a GF Score™ of 71/100 and a GF Value™ of ₹403.66 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, VIP Industries ranks worse than 96.66% 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. VIP Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹-5,156 Mil. VIP Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹2,885 Mil. Therefore, VIP Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -178.73%.
The historical rank and industry rank for VIP Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:507880'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -74.91 Med: 15.68 Max: 28.36
Current: -74.31
During the past 13 years, VIP Industries's highest Return-on-Tangible-Equity was 28.36%. The lowest was -74.91%. And the median was 15.68%.
BOM:507880's Return-on-Tangible-Equity is ranked worse than 96.66% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.41
vs BOM:507880: -74.31
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.
VIP Industries Return-on-Tangible-Equity Related Terms
VIP Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for VIP Industries'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.
BOM:507880 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, VIP Industries'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.
VIP Industries Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VIP Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where VIP Industries'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 -178.73% mean?
VIP Industries (BOM:507880) has a Return-on-Tangible-Equity of -178.73% 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 VIP Industries and its competitors. According to the industry distribution chart, VIP Industries ranks #985 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 96.7%.
Is VIP Industries' Return-on-Tangible-Equity too high?
VIP Industries' current Return-on-Tangible-Equity is -178.73%. Based on the distribution chart, VIP Industries ranks #985 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, VIP Industries has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Industries' Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, VIP Industries ranks #985 out of 1019 companies for Return-on-Tangible-Equity. This places VIP Industries in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.41. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.41, based on 1,019 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 VIP Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Industries's current Return-on-Tangible-Equity is -178.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Industries stock overvalued right now?
Based on GuruFocus' analysis, VIP Industries (BOM:507880) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹403.66, compared to a current price of ₹300.00 — trading 25.7% below its estimated fair value. The current Return-on-Tangible-Equity is -178.73%. VIP Industries' overall GF Score™ is 71/100 with 6 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 VIP Industries (BOM:507880), the current Return-on-Tangible-Equity is -178.73% 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 VIP Industries (BOM:507880) Overvalued in 2026?
Based on GuruFocus' analysis, VIP Industries stock appears to be undervalued.
The current stock price of ₹300.00 is trading 25.7% below its estimated GF Value™ of ₹403.66.
GuruFocus considers VIP Industries to be Modestly Undervalued.
Key valuation signals for BOM:507880:
Return-on-Tangible-Equity: -178.73%
GF Value™: ₹403.66 vs. price of ₹300.00 (25.7% below fair value)
No single metric tells the full story. See the BOM:507880 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and others.
71GF Score
Get the complete analysis for BOM:507880
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:507880 has been successfully added to your 
