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.
Shardul SecuritiesBOM:512393 -5.00%33 Return-on-Tangible-Equity is 86.75% as of Jun. 2026, which is 7510% above its 10-year median of 1.14. GuruFocus rates BOM:512393 with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 780 Capital Markets companies, Shardul Securities ranks worse than 60.77% 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. Shardul Securities's annualized net income for the quarter that ended in Jun. 2026 was ₹5,706.7 Mil. Shardul Securities's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹6,578.3 Mil. Therefore, Shardul Securities's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 86.75%.
The historical rank and industry rank for Shardul Securities's Return-on-Tangible-Equity or its related term are showing as below:
BOM:512393'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.22 Med: 1.14 Max: 17.52
Current: 3.31
During the past 13 years, Shardul Securities's highest Return-on-Tangible-Equity was 17.52%. The lowest was -7.22%. And the median was 1.14%.
BOM:512393's Return-on-Tangible-Equity is ranked worse than 60.77% of 780
companies
in the Capital Markets industry
Industry Median: 6.52
vs BOM:512393: 3.31
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.
Shardul Securities Return-on-Tangible-Equity Related Terms
Shardul Securities Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shardul Securities'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:512393 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Shardul Securities'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.
Shardul Securities Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Shardul Securities's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shardul Securities'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 86.75% mean?
Shardul Securities (BOM:512393) has a Return-on-Tangible-Equity of 86.75% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Shardul Securities and its competitors. This is 7510% above median its historical median of 1.14. According to the industry distribution chart, Shardul Securities ranks #474 out of 780 companies in the Capital Markets industry, placing it in the top 60.8%.
Is Shardul Securities' Return-on-Tangible-Equity too high?
Shardul Securities' current Return-on-Tangible-Equity of 86.75% is 7510% above median its 10-year median of 1.14. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Shardul Securities' value of 86.75% is 1230.5% above this industry median. Based on the distribution chart, Shardul Securities ranks #474 out of 780 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Shardul Securities has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Shardul Securities' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Shardul Securities ranks #474 out of 780 companies for Return-on-Tangible-Equity. This places Shardul Securities in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Shardul Securities' value of 86.75% is 1230.5% above this benchmark. While the company's 10-year median is 1.14 vs. the industry median of 6.52, Shardul Securities 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 780 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. Shardul Securities's current Return-on-Tangible-Equity of 86.75% is 1230.5% 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 Shardul Securities and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shardul Securities's current Return-on-Tangible-Equity is 86.75%, which is 7510% above median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shardul Securities stock overvalued right now?
Shardul Securities (BOM:512393) has a current Return-on-Tangible-Equity of 86.75%. The current Return-on-Tangible-Equity is 86.75%, which is 7510% above median its 10-year median of 1.14 and 1230.5% above the Capital Markets industry median of 6.52. Shardul Securities' overall GF Score™ is 33/100 with 5 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 Shardul Securities (BOM:512393), the current Return-on-Tangible-Equity is 86.75% as of Jun. 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.
Shardul Securities Ltd is an India-based company engaged in investment activities. The company's operating segment includes Investment and Finance activities which include investment and lending activities, and Others which include Broking activities. It generates maximum revenue from the Investment and Finance activities segment. Geographically, it operates only in India.
33GF Score
Get the complete analysis for BOM:512393
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:512393 has been successfully added to your 
