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Indian Toners & DevelopersBOM:523586 -1.68%79 Return-on-Tangible-Equity is 10.50% as of Jun. 2026, which is 13% below its 10-year median of 12.12. GuruFocus rates BOM:523586 with a GF Score™ of 79/100 and a GF Value™ of ₹52.11 (Modestly Undervalued). Among 1,567 Chemicals companies, Indian Toners & Developers ranks better than 74.41% 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. Indian Toners & Developers's annualized net income for the quarter that ended in Jun. 2026 was ₹244 Mil. Indian Toners & Developers's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹2,323 Mil. Therefore, Indian Toners & Developers's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 10.50%.
The historical rank and industry rank for Indian Toners & Developers's Return-on-Tangible-Equity or its related term are showing as below:
BOM:523586'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.58 Med: 12.12 Max: 17.47
Current: 11.78
During the past 13 years, Indian Toners & Developers's highest Return-on-Tangible-Equity was 17.47%. The lowest was 6.58%. And the median was 12.12%.
BOM:523586's Return-on-Tangible-Equity is ranked better than 74.41% of 1567
companies
in the Chemicals industry
Industry Median: 5.81
vs BOM:523586: 11.78
Indian Toners & Developers (BOM:523586) 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.
Indian Toners & Developers Return-on-Tangible-Equity Related Terms
Indian Toners & Developers 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.
Indian Toners & Developers Return-on-Tangible-Equity Chart
BOM:523586 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Indian Toners & Developers'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.
Indian Toners & Developers Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indian Toners & Developers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indian Toners & Developers'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 10.50% mean?
Indian Toners & Developers (BOM:523586) has a Return-on-Tangible-Equity of 10.50% 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 Indian Toners & Developers and its competitors. This is 13% below median its historical median of 12.12. Over the past decade, Indian Toners & Developers' Return-on-Tangible-Equity has ranged from 6.58 to 17.47. According to the industry distribution chart, Indian Toners & Developers ranks #401 out of 1567 companies in the Chemicals industry, placing it in the top 25.6%.
Is Indian Toners & Developers' Return-on-Tangible-Equity too high?
Indian Toners & Developers' current Return-on-Tangible-Equity of 10.50% is 13% below median its 10-year median of 12.12. Over the past 10 years, this metric has ranged from a low of 6.58 to a high of 17.47. The Chemicals industry median Return-on-Tangible-Equity is 5.81. Indian Toners & Developers' value of 10.50% is 80.7% above this industry median. Based on the distribution chart, Indian Toners & Developers ranks #401 out of 1567 companies in the Chemicals industry, which is above the industry midpoint. Overall, Indian Toners & Developers has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Toners & Developers' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Toners & Developers ranks #401 out of 1567 companies for Return-on-Tangible-Equity. This puts Indian Toners & Developers in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.81. Indian Toners & Developers' value of 10.50% is 80.7% above this benchmark. Historically, Indian Toners & Developers' own Return-on-Tangible-Equity has ranged from 6.58 to 17.47 over the past decade. While the company's 10-year median is 12.12 vs. the industry median of 5.81, Indian Toners & Developers 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.81, based on 1,567 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. Indian Toners & Developers's current Return-on-Tangible-Equity of 10.50% is 80.7% 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 Indian Toners & Developers and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Toners & Developers's current Return-on-Tangible-Equity is 10.50%, which is 13% below median its own 10-year median of 12.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Toners & Developers stock overvalued right now?
Based on GuruFocus' analysis, Indian Toners & Developers (BOM:523586) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹52.11, compared to a current price of ₹46.75 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Equity is 10.50%, which is 13% below median its 10-year median of 12.12 and 80.7% above the Chemicals industry median of 5.81. Indian Toners & Developers' overall GF Score™ is 79/100. 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 Indian Toners & Developers (BOM:523586), the current Return-on-Tangible-Equity is 10.50% 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.
Is Indian Toners & Developers (BOM:523586) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Toners & Developers stock appears to be undervalued.
The current stock price of ₹46.75 is trading 10.3% below its estimated GF Value™ of ₹52.11.
GuruFocus considers Indian Toners & Developers to be Modestly Undervalued.
Key valuation signals for BOM:523586:
Return-on-Tangible-Equity: 10.50% (13% below median its 10-year median of 12.12)
GF Value™: ₹52.11 vs. price of ₹46.75 (10.3% below fair value)
Industry Position: 80.7% above the Chemicals median (#401 of 1567)
No single metric tells the full story. See the BOM:523586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indian Toners & Developers Ltd is a manufacturer of toners and developers. The company is engaged in the business of producing and exporting compatible toners for use in laser printers, the new age digital machines, multi-function printers, analogue copiers as well as wide-format printers and copiers. The only reporting segment of the company is a manufacturer of compatible toner. Its geographical segment includes Domestic sales and Export sales. The company's product consists of chemical color toner, laser toner, copier or digital toner, wide format copiers and printer toner and packaging.
79GF Score
Get the complete analysis for BOM:523586
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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