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.
The historical rank and industry rank for NCL Research & Financial Services's Return-on-Tangible-Equity or its related term are showing as below:
BOM:530557'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -2.34 Med: 0.07 Max: 1.67
Current: -2.22
During the past 13 years, NCL Research & Financial Services's highest Return-on-Tangible-Equity was 1.67%. The lowest was -2.34%. And the median was 0.07%.
BOM:530557's Return-on-Tangible-Equity is ranked worse than 83.3% of 527
companies
in the Credit Services industry
Industry Median: 7.06
vs BOM:530557: -2.22
NCL Research & Financial Services (BOM:530557) 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.
NCL Research & Financial Services Return-on-Tangible-Equity Related Terms
NCL Research & Financial Services 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.
NCL Research & Financial Services Return-on-Tangible-Equity Chart
BOM:530557 vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, NCL Research & Financial Services'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.
NCL Research & Financial Services Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, NCL Research & Financial Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where NCL Research & Financial Services'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 -20.40% mean?
NCL Research & Financial Services (BOM:530557) has a Return-on-Tangible-Equity of -20.40% 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 NCL Research & Financial Services and its competitors. According to the industry distribution chart, NCL Research & Financial Services ranks #439 out of 527 companies in the Credit Services industry, placing it in the top 83.3%.
Is NCL Research & Financial Services' Return-on-Tangible-Equity too high?
NCL Research & Financial Services' current Return-on-Tangible-Equity is -20.40%. Based on the distribution chart, NCL Research & Financial Services ranks #439 out of 527 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, NCL Research & Financial Services has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NCL Research & Financial Services' Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, NCL Research & Financial Services ranks #439 out of 527 companies for Return-on-Tangible-Equity. This places NCL Research & Financial Services in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.06. 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.06, based on 527 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 NCL Research & Financial Services and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NCL Research & Financial Services's current Return-on-Tangible-Equity is -20.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NCL Research & Financial Services stock overvalued right now?
Based on GuruFocus' analysis, NCL Research & Financial Services (BOM:530557) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.44, compared to a current price of ₹0.67 — trading 52.3% above its estimated fair value. The current Return-on-Tangible-Equity is -20.40%. NCL Research & Financial Services' overall GF Score™ is 41/100 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 NCL Research & Financial Services (BOM:530557), the current Return-on-Tangible-Equity is -20.40% 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 NCL Research & Financial Services (BOM:530557) Overvalued in 2026?
Based on GuruFocus' analysis, NCL Research & Financial Services stock appears to be overvalued.
The current stock price of ₹0.67 is trading 52.3% above its estimated GF Value™ of ₹0.44.
GuruFocus considers NCL Research & Financial Services to be Significantly Overvalued.
Key valuation signals for BOM:530557:
Return-on-Tangible-Equity: -20.40%
GF Value™: ₹0.44 vs. price of ₹0.67 (52.3% above fair value)
No single metric tells the full story. See the BOM:530557 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NCL Research & Financial Services Ltd is a Non-Banking financing company engaged in the business of finance and investments. It trades in both the Equity and FNO segments and also in the Commodities market, along with its financing activities. The company generates the majority of its revenue from Interest Income.
41GF Score
Get the complete analysis for BOM:530557
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:530557 has been successfully added to your 
