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Empire IndustriesBOM:509525 -5.74%65 Return-on-Tangible-Equity is 21.61% as of Mar. 2026, which is 56% above its 10-year median of 13.87. GuruFocus rates BOM:509525 with a GF Score™ of 65/100 and a GF Value™ of ₹1,400.86 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 540 Conglomerates companies, Empire Industries ranks better than 74.44% 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. Empire Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹758 Mil. Empire Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹3,508 Mil. Therefore, Empire Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.61%.
The historical rank and industry rank for Empire Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:509525'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.5 Med: 13.87 Max: 23.67
Current: 15.63
During the past 13 years, Empire Industries's highest Return-on-Tangible-Equity was 23.67%. The lowest was 5.50%. And the median was 13.87%.
BOM:509525's Return-on-Tangible-Equity is ranked better than 74.44% of 540
companies
in the Conglomerates industry
Industry Median: 7.645
vs BOM:509525: 15.63
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.
Empire Industries Return-on-Tangible-Equity Related Terms
Empire Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Empire 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:509525 vs MMM, HON: Return-on-Tangible-Equity Comparison
For the Conglomerates subindustry, Empire 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.
Empire Industries Return-on-Tangible-Equity vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Empire Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Empire 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 21.61% mean?
Empire Industries (BOM:509525) has a Return-on-Tangible-Equity of 21.61% 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 Empire Industries and its competitors. This is 56% above median its historical median of 13.87. Over the past decade, Empire Industries' Return-on-Tangible-Equity has ranged from 5.50 to 23.67. According to the industry distribution chart, Empire Industries ranks #138 out of 540 companies in the Conglomerates industry, placing it in the top 25.6%.
Is Empire Industries' Return-on-Tangible-Equity too high?
Empire Industries' current Return-on-Tangible-Equity of 21.61% is 56% above median its 10-year median of 13.87. Over the past 10 years, this metric has ranged from a low of 5.50 to a high of 23.67. The Conglomerates industry median Return-on-Tangible-Equity is 7.65. Empire Industries' value of 21.61% is 182.7% above this industry median. Based on the distribution chart, Empire Industries ranks #138 out of 540 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Empire Industries has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Empire Industries' Return-on-Tangible-Equity compare to MMM and HON?
According to the Conglomerates industry distribution chart, Empire Industries ranks #138 out of 540 companies for Return-on-Tangible-Equity. This puts Empire Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.65. Empire Industries' value of 21.61% is 182.7% above this benchmark. Historically, Empire Industries' own Return-on-Tangible-Equity has ranged from 5.50 to 23.67 over the past decade. While the company's 10-year median is 13.87 vs. the industry median of 7.65, Empire 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-Equity for a Conglomerates company?
The median Return-on-Tangible-Equity among Conglomerates companies is 7.65, based on 540 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. Empire Industries's current Return-on-Tangible-Equity of 21.61% is 182.7% 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-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 Empire Industries and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Equity is 7.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Empire Industries's current Return-on-Tangible-Equity is 21.61%, which is 56% above median its own 10-year median of 13.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Industries stock overvalued right now?
Based on GuruFocus' analysis, Empire Industries (BOM:509525) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,400.86, compared to a current price of ₹1,083.95 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Equity is 21.61%, which is 56% above median its 10-year median of 13.87 and 182.7% above the Conglomerates industry median of 7.65. Empire Industries' overall GF Score™ is 65/100 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 Empire Industries (BOM:509525), the current Return-on-Tangible-Equity is 21.61% 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 Empire Industries (BOM:509525) Overvalued in 2026?
Based on GuruFocus' analysis, Empire Industries stock appears to be undervalued.
The current stock price of ₹1,083.95 is trading 22.6% below its estimated GF Value™ of ₹1,400.86.
GuruFocus considers Empire Industries to be Modestly Undervalued.
Key valuation signals for BOM:509525:
Return-on-Tangible-Equity: 21.61% (56% above median its 10-year median of 13.87)
GF Value™: ₹1,400.86 vs. price of ₹1,083.95 (22.6% below fair value)
Industry Position: 182.7% above the Conglomerates median (#138 of 540)
No single metric tells the full story. See the BOM:509525 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.
65GF Score
Get the complete analysis for BOM:509525
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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