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Nikhil AdhesivesBOM:526159 -0.12%66 Return-on-Tangible-Equity is 17.29% as of Mar. 2026, which is 25% above its 10-year median of 13.84. GuruFocus rates BOM:526159 with a GF Score™ of 66/100 and a GF Value™ of ₹100.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,567 Chemicals companies, Nikhil Adhesives ranks better than 74.98% 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. Nikhil Adhesives's annualized net income for the quarter that ended in Mar. 2026 was ₹251 Mil. Nikhil Adhesives's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,452 Mil. Therefore, Nikhil Adhesives's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.29%.
The historical rank and industry rank for Nikhil Adhesives's Return-on-Tangible-Equity or its related term are showing as below:
BOM:526159'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.81 Med: 13.84 Max: 34.53
Current: 12.11
During the past 13 years, Nikhil Adhesives's highest Return-on-Tangible-Equity was 34.53%. The lowest was 10.81%. And the median was 13.84%.
BOM:526159's Return-on-Tangible-Equity is ranked better than 74.98% of 1567
companies
in the Chemicals industry
Industry Median: 5.81
vs BOM:526159: 12.11
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.
Nikhil Adhesives Return-on-Tangible-Equity Related Terms
Nikhil Adhesives Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nikhil Adhesives'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:526159 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Nikhil Adhesives'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.
Nikhil Adhesives Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nikhil Adhesives's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nikhil Adhesives'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 17.29% mean?
Nikhil Adhesives (BOM:526159) has a Return-on-Tangible-Equity of 17.29% 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 Nikhil Adhesives and its competitors. This is 25% above median its historical median of 13.84. Over the past decade, Nikhil Adhesives' Return-on-Tangible-Equity has ranged from 10.81 to 34.53. According to the industry distribution chart, Nikhil Adhesives ranks #392 out of 1567 companies in the Chemicals industry, placing it in the top 25%.
Is Nikhil Adhesives' Return-on-Tangible-Equity too high?
Nikhil Adhesives' current Return-on-Tangible-Equity of 17.29% is 25% above median its 10-year median of 13.84. Over the past 10 years, this metric has ranged from a low of 10.81 to a high of 34.53. The Chemicals industry median Return-on-Tangible-Equity is 5.81. Nikhil Adhesives' value of 17.29% is 197.6% above this industry median. Based on the distribution chart, Nikhil Adhesives ranks #392 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nikhil Adhesives has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nikhil Adhesives ranks #392 out of 1567 companies for Return-on-Tangible-Equity. This places Nikhil Adhesives in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.81. Nikhil Adhesives' value of 17.29% is 197.6% above this benchmark. Historically, Nikhil Adhesives' own Return-on-Tangible-Equity has ranged from 10.81 to 34.53 over the past decade. While the company's 10-year median is 13.84 vs. the industry median of 5.81, Nikhil Adhesives 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. Nikhil Adhesives's current Return-on-Tangible-Equity of 17.29% is 197.6% 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 Nikhil Adhesives 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. Nikhil Adhesives's current Return-on-Tangible-Equity is 17.29%, which is 25% above median its own 10-year median of 13.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹100.03, compared to a current price of ₹72.04 — trading 28% below its estimated fair value. The current Return-on-Tangible-Equity is 17.29%, which is 25% above median its 10-year median of 13.84 and 197.6% above the Chemicals industry median of 5.81. Nikhil Adhesives' overall GF Score™ is 66/100 with 3 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 Nikhil Adhesives (BOM:526159), the current Return-on-Tangible-Equity is 17.29% 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?
Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued.
The current stock price of ₹72.04 is trading 28% below its estimated GF Value™ of ₹100.03.
GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.
Key valuation signals for BOM:526159:
Return-on-Tangible-Equity: 17.29% (25% above median its 10-year median of 13.84)
GF Value™: ₹100.03 vs. price of ₹72.04 (28% below fair value)
Industry Position: 197.6% above the Chemicals median (#392 of 1567)
No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
66GF Score
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