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Mayur Leather ProductsBOM:531680 +9.38%31 Return-on-Tangible-Equity is 43.66% as of Mar. 2026. GuruFocus rates BOM:531680 with a GF Score™ of 31/100. The stock has 5 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Mayur Leather Products ranks better than 94.99% 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. Mayur Leather Products's annualized net income for the quarter that ended in Mar. 2026 was ₹12.28 Mil. Mayur Leather Products's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹28.12 Mil. Therefore, Mayur Leather Products's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 43.66%.
The historical rank and industry rank for Mayur Leather Products's Return-on-Tangible-Equity or its related term are showing as below:
BOM:531680'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -129.36 Med: -24.14 Max: 46.1
Current: 46.1
During the past 13 years, Mayur Leather Products's highest Return-on-Tangible-Equity was 46.10%. The lowest was -129.36%. And the median was -24.14%.
BOM:531680's Return-on-Tangible-Equity is ranked better than 94.99% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.41
vs BOM:531680: 46.10
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.
Mayur Leather Products Return-on-Tangible-Equity Related Terms
Mayur Leather Products Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mayur Leather Products'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:531680 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Mayur Leather Products'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.
Mayur Leather Products Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mayur Leather Products's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mayur Leather Products'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 43.66% mean?
Mayur Leather Products (BOM:531680) has a Return-on-Tangible-Equity of 43.66% 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 Mayur Leather Products and its competitors. According to the industry distribution chart, Mayur Leather Products ranks #51 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 5%.
Is Mayur Leather Products' Return-on-Tangible-Equity too high?
Mayur Leather Products' current Return-on-Tangible-Equity is 43.66%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.41. Mayur Leather Products' value of 43.66% is 890% above this industry median. Based on the distribution chart, Mayur Leather Products ranks #51 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Mayur Leather Products has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Mayur Leather Products' Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Mayur Leather Products ranks #51 out of 1017 companies for Return-on-Tangible-Equity. This places Mayur Leather Products in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.41. Mayur Leather Products' value of 43.66% is 890% 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.41, based on 1,017 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. Mayur Leather Products's current Return-on-Tangible-Equity of 43.66% is 890% 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 Mayur Leather Products and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayur Leather Products's current Return-on-Tangible-Equity is 43.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayur Leather Products stock overvalued right now?
Mayur Leather Products (BOM:531680) has a current Return-on-Tangible-Equity of 43.66%. The current Return-on-Tangible-Equity is 43.66% and 890% above the Manufacturing - Apparel & Accessories industry median of 4.41. Mayur Leather Products' overall GF Score™ is 31/100 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 Mayur Leather Products (BOM:531680), the current Return-on-Tangible-Equity is 43.66% 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.
Mayur Leather Products Ltd is engaged in the manufacturing and export of Leather Shoes and Shoe Uppers. The company exports its product as well as sells it in the Local market. The company operates in only safety leather footwear segment. Geographically the company generates the majority of its revenue from sales in India.
31GF Score
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