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Ad-Manum FinanceBOM:511359 +0.83%68 Return-on-Tangible-Equity is 16.54% as of Mar. 2026, which is 243% above its 10-year median of 4.82. GuruFocus rates BOM:511359 with a GF Score™ of 68/100 and a GF Value™ of ₹78.33 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 525 Credit Services companies, Ad-Manum Finance ranks better than 65.52% 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. Ad-Manum Finance's annualized net income for the quarter that ended in Mar. 2026 was ₹151.1 Mil. Ad-Manum Finance's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹913.5 Mil. Therefore, Ad-Manum Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 16.54%.
The historical rank and industry rank for Ad-Manum Finance's Return-on-Tangible-Equity or its related term are showing as below:
BOM:511359'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.04 Med: 4.82 Max: 12.45
Current: 11.67
During the past 13 years, Ad-Manum Finance's highest Return-on-Tangible-Equity was 12.45%. The lowest was -1.04%. And the median was 4.82%.
BOM:511359's Return-on-Tangible-Equity is ranked better than 65.52% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs BOM:511359: 11.67
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.
Ad-Manum Finance Return-on-Tangible-Equity Related Terms
Ad-Manum Finance Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ad-Manum Finance'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:511359 vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Ad-Manum Finance'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.
Ad-Manum Finance Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Ad-Manum Finance's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ad-Manum Finance'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 16.54% mean?
Ad-Manum Finance (BOM:511359) has a Return-on-Tangible-Equity of 16.54% 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 Ad-Manum Finance and its competitors. This is 243% above median its historical median of 4.82. According to the industry distribution chart, Ad-Manum Finance ranks #181 out of 525 companies in the Credit Services industry, placing it in the top 34.5%.
Is Ad-Manum Finance's Return-on-Tangible-Equity too high?
Ad-Manum Finance's current Return-on-Tangible-Equity of 16.54% is 243% above median its 10-year median of 4.82. The Credit Services industry median Return-on-Tangible-Equity is 7.01. Ad-Manum Finance's value of 16.54% is 135.9% above this industry median. Based on the distribution chart, Ad-Manum Finance ranks #181 out of 525 companies in the Credit Services industry, which is above the industry midpoint. Overall, Ad-Manum Finance has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ad-Manum Finance's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Ad-Manum Finance ranks #181 out of 525 companies for Return-on-Tangible-Equity. This puts Ad-Manum Finance in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.01. Ad-Manum Finance's value of 16.54% is 135.9% above this benchmark. While the company's 10-year median is 4.82 vs. the industry median of 7.01, Ad-Manum Finance 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. Ad-Manum Finance's current Return-on-Tangible-Equity of 16.54% is 135.9% 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 Ad-Manum Finance and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ad-Manum Finance's current Return-on-Tangible-Equity is 16.54%, which is 243% above median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ad-Manum Finance stock overvalued right now?
Based on GuruFocus' analysis, Ad-Manum Finance (BOM:511359) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹78.33, compared to a current price of ₹60.50 — trading 22.8% below its estimated fair value. The current Return-on-Tangible-Equity is 16.54%, which is 243% above median its 10-year median of 4.82 and 135.9% above the Credit Services industry median of 7.01. Ad-Manum Finance's overall GF Score™ is 68/100 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 Ad-Manum Finance (BOM:511359), the current Return-on-Tangible-Equity is 16.54% 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 Ad-Manum Finance (BOM:511359) Overvalued in 2026?
Based on GuruFocus' analysis, Ad-Manum Finance stock appears to be undervalued.
The current stock price of ₹60.50 is trading 22.8% below its estimated GF Value™ of ₹78.33.
GuruFocus considers Ad-Manum Finance to be Modestly Undervalued.
Key valuation signals for BOM:511359:
Return-on-Tangible-Equity: 16.54% (243% above median its 10-year median of 4.82)
GF Value™: ₹78.33 vs. price of ₹60.50 (22.8% below fair value)
Industry Position: 135.9% above the Credit Services median (#181 of 525)
No single metric tells the full story. See the BOM:511359 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ad-Manum Finance Ltd is a non-banking finance company which provides financing services for commercial vehicles in India. The company operates through two segments, Financial and Wind Power Generation. It finances various old and new vehicles, such as heavy commercial vehicles, light commercial vehicles, medium commercial vehicles, multi-utility vehicles, and three wheelers. The company derives a majority of revenue from Financial/Investment segment.
68GF Score
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