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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. Glittek Granites's annualized net income for the quarter that ended in Mar. 2026 was ₹10.33 Mil. Glittek Granites's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹109.44 Mil. Therefore, Glittek Granites's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.44%.
The historical rank and industry rank for Glittek Granites's Return-on-Tangible-Equity or its related term are showing as below:
BOM:513528'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -76.71 Med: -6.83 Max: 83.14
Current: -3.5
During the past 13 years, Glittek Granites's highest Return-on-Tangible-Equity was 83.14%. The lowest was -76.71%. And the median was -6.83%.
BOM:513528's Return-on-Tangible-Equity is ranked worse than 81.52% of 1710
companies
in the Construction industry
Industry Median: 8.145
vs BOM:513528: -3.50
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.
Glittek Granites Return-on-Tangible-Equity Related Terms
Glittek Granites Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Glittek Granites'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:513528 vs TT, JCI, CARR: Return-on-Tangible-Equity Comparison
For the Building Products & Equipment subindustry, Glittek Granites'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.
Glittek Granites Return-on-Tangible-Equity vs Construction Industry
For the Construction industry and Industrials sector, Glittek Granites's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Glittek Granites'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 9.44% mean?
Glittek Granites (BOM:513528) has a Return-on-Tangible-Equity of 9.44% 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 Glittek Granites and its competitors. According to the industry distribution chart, Glittek Granites ranks #1394 out of 1710 companies in the Construction industry, placing it in the top 81.5%.
Is Glittek Granites' Return-on-Tangible-Equity too high?
Glittek Granites' current Return-on-Tangible-Equity is 9.44%. The Construction industry median Return-on-Tangible-Equity is 8.15. Glittek Granites' value of 9.44% is 15.9% above this industry median. Based on the distribution chart, Glittek Granites ranks #1394 out of 1710 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Glittek Granites has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glittek Granites' Return-on-Tangible-Equity compare to TT and JCI?
According to the Construction industry distribution chart, Glittek Granites ranks #1394 out of 1710 companies for Return-on-Tangible-Equity. This places Glittek Granites in the lower half of its industry. The industry median Return-on-Tangible-Equity is 8.15. Glittek Granites' value of 9.44% is 15.9% above this benchmark. 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 Construction company?
The median Return-on-Tangible-Equity among Construction companies is 8.15, based on 1,710 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. Glittek Granites's current Return-on-Tangible-Equity of 9.44% is 15.9% 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 Glittek Granites and its competitors. For the Construction industry, the median Return-on-Tangible-Equity is 8.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glittek Granites's current Return-on-Tangible-Equity is 9.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glittek Granites stock overvalued right now?
Based on GuruFocus' analysis, Glittek Granites (BOM:513528) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.04, compared to a current price of ₹65.12 — trading 162700% above its estimated fair value. The current Return-on-Tangible-Equity is 9.44% and 15.9% above the Construction industry median of 8.15. Glittek Granites' overall GF Score™ is 29/100 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 Glittek Granites (BOM:513528), the current Return-on-Tangible-Equity is 9.44% 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 Glittek Granites (BOM:513528) Overvalued in 2026?
Based on GuruFocus' analysis, Glittek Granites stock appears to be overvalued.
The current stock price of ₹65.12 is trading 162700% above its estimated GF Value™ of ₹0.04.
GuruFocus considers Glittek Granites to be Significantly Overvalued.
Key valuation signals for BOM:513528:
Return-on-Tangible-Equity: 9.44%
GF Value™: ₹0.04 vs. price of ₹65.12 (162700% above fair value)
Industry Position: 15.9% above the Construction median (#1394 of 1710)
No single metric tells the full story. See the BOM:513528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glittek Granites Ltd is engaged in the manufacturing of granite tiles and slabs. It is engaged in the processing and export of granite, marble, sandstone, and other stone products. The company offers granite tiles, such as Black Pearl, Hassan Green, Imperial White, Ivory Chiffon, Kashmir Gold, Madura Gold, and many more. The main markets for the company's product are the USA, South Africa, Canada, the UK, UAE, Europe, and Australia.
29GF Score
Get the complete analysis for BOM:513528
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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