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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. Munjal Auto Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹-10 Mil. Munjal Auto Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹4,464 Mil. Therefore, Munjal Auto Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -0.23%.
The historical rank and industry rank for Munjal Auto Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:520059'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.42 Med: 9.59 Max: 15.65
Current: 9.35
During the past 13 years, Munjal Auto Industries's highest Return-on-Tangible-Equity was 15.65%. The lowest was 1.42%. And the median was 9.59%.
BOM:520059's Return-on-Tangible-Equity is ranked better than 56.63% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.61
vs BOM:520059: 9.35
Munjal Auto Industries (BOM:520059) 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.
Munjal Auto Industries Return-on-Tangible-Equity Related Terms
Munjal Auto Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Munjal Auto 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.
Munjal Auto Industries Return-on-Tangible-Equity Chart
BOM:520059 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Munjal Auto 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.
Munjal Auto Industries Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Munjal Auto Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Munjal Auto 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 -0.23% mean?
Munjal Auto Industries (BOM:520059) has a Return-on-Tangible-Equity of -0.23% 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 Munjal Auto Industries and its competitors. Over the past decade, Munjal Auto Industries' Return-on-Tangible-Equity has ranged from 1.42 to 15.65. According to the industry distribution chart, Munjal Auto Industries ranks #556 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 43.4%.
Is Munjal Auto Industries' Return-on-Tangible-Equity too high?
Munjal Auto Industries' current Return-on-Tangible-Equity is -0.23%. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 15.65. Based on the distribution chart, Munjal Auto Industries ranks #556 out of 1282 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Munjal Auto Industries has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Munjal Auto Industries' Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Munjal Auto Industries ranks #556 out of 1282 companies for Return-on-Tangible-Equity. This puts Munjal Auto Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.61. Historically, Munjal Auto Industries' own Return-on-Tangible-Equity has ranged from 1.42 to 15.65 over the past decade. 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.61, based on 1,282 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 Munjal Auto Industries and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munjal Auto Industries's current Return-on-Tangible-Equity is -0.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munjal Auto Industries stock overvalued right now?
Based on GuruFocus' analysis, Munjal Auto Industries (BOM:520059) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹93.74, compared to a current price of ₹103.90 — trading 10.8% above its estimated fair value. The current Return-on-Tangible-Equity is -0.23%. Munjal Auto Industries' overall GF Score™ is 67/100 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 Munjal Auto Industries (BOM:520059), the current Return-on-Tangible-Equity is -0.23% 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 Munjal Auto Industries (BOM:520059) Overvalued in 2026?
Based on GuruFocus' analysis, Munjal Auto Industries stock appears to be overvalued.
The current stock price of ₹103.90 is trading 10.8% above its estimated GF Value™ of ₹93.74.
GuruFocus considers Munjal Auto Industries to be Modestly Overvalued.
Key valuation signals for BOM:520059:
Return-on-Tangible-Equity: -0.23%
GF Value™: ₹93.74 vs. price of ₹103.90 (10.8% above fair value)
No single metric tells the full story. See the BOM:520059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munjal Auto Industries Ltd is an India-based company. It offers an exhaust system or mufflers for two-wheelers. The company is engaged in the manufacture of wheels, rims, fuel tanks, and other components for auto industries. Its product range for 2-3 wheelers includes Steel Wheel Rim and Spoke Wheel Rim. Its product range for four-wheelers includes fuel tank assembly, seat structure system, side step assembly, and other products. Some of the company's facilities offered by the company include an engineering and tool room, which includes a central tool room and technical center, a tool design center and tool manufacturing, and a fuel tank manufacturing line. Its operations fall under a single segment namely Manufacturing of Auto Components. The company generates majority revenue from India.
67GF Score
Get the complete analysis for BOM:520059
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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