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The historical rank and industry rank for The First Custodian Fund (India)'s Return-on-Tangible-Equity or its related term are showing as below:
BOM:511122'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.78 Med: 3.16 Max: 12.46
Current: -1.78
During the past 13 years, The First Custodian Fund (India)'s highest Return-on-Tangible-Equity was 12.46%. The lowest was -1.78%. And the median was 3.16%.
BOM:511122's Return-on-Tangible-Equity is ranked worse than 76.28% of 784
companies
in the Capital Markets industry
Industry Median: 6.485
vs BOM:511122: -1.78
The First Custodian Fund (India) (BOM:511122) 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.
The First Custodian Fund (India) Return-on-Tangible-Equity Related Terms
The First Custodian Fund (India) Return-on-Tangible-Equity Historical Data
* 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.
The First Custodian Fund (India) Return-on-Tangible-Equity Chart
BOM:511122 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, The First Custodian Fund (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.
The First Custodian Fund (India) Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The First Custodian Fund (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where The First Custodian Fund (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 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 -1.26% mean?
The First Custodian Fund (India) (BOM:511122) has a Return-on-Tangible-Equity of -1.26% 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 The First Custodian Fund (India) and its competitors. According to the industry distribution chart, The First Custodian Fund (India) ranks #598 out of 784 companies in the Capital Markets industry, placing it in the top 76.3%.
Is The First Custodian Fund (India)'s Return-on-Tangible-Equity too high?
The First Custodian Fund (India)'s current Return-on-Tangible-Equity is -1.26%. Based on the distribution chart, The First Custodian Fund (India) ranks #598 out of 784 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, The First Custodian Fund (India) has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The First Custodian Fund (India)'s Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, The First Custodian Fund (India) ranks #598 out of 784 companies for Return-on-Tangible-Equity. This places The First Custodian Fund (India) in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.49. 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.49, based on 784 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 The First Custodian Fund (India) and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The First Custodian Fund (India)'s current Return-on-Tangible-Equity is -1.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The First Custodian Fund (India) stock overvalued right now?
Based on GuruFocus' analysis, The First Custodian Fund (India) (BOM:511122) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.79, compared to a current price of ₹67.95 — trading 3696.1% above its estimated fair value. The current Return-on-Tangible-Equity is -1.26%. The First Custodian Fund (India)'s overall GF Score™ is 49/100 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 The First Custodian Fund (India) (BOM:511122), the current Return-on-Tangible-Equity is -1.26% 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 The First Custodian Fund (India) (BOM:511122) Overvalued in 2026?
Based on GuruFocus' analysis, The First Custodian Fund (India) stock appears to be overvalued.
The current stock price of ₹67.95 is trading 3696.1% above its estimated GF Value™ of ₹1.79.
GuruFocus considers The First Custodian Fund (India) to be Significantly Overvalued.
Key valuation signals for BOM:511122:
Return-on-Tangible-Equity: -1.26%
GF Value™: ₹1.79 vs. price of ₹67.95 (3696.1% above fair value)
No single metric tells the full story. See the BOM:511122 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The First Custodian Fund (India) Business Description
The First Custodian Fund (India) Ltd is a finance company focused on lease and hire purchase activities. It also operates in the capital markets by engaging in stockbroking, corporate advisory, and generating income from securities trading in the secondary market. The company generates revenue through interest income from lease and hire purchase financing, brokerage fees, and gains from securities transactions. Its operations emphasize financial services directed at leasing and investment activities within India.
49GF Score
Get the complete analysis for BOM:511122
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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