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Joindre Capital ServicesBOM:531861 -0.59%69 Return-on-Tangible-Equity is 36.61% as of Mar. 2026, which is 402% above its 10-year median of 7.29. GuruFocus rates BOM:531861 with a GF Score™ of 69/100 and a GF Value™ of ₹44.60 (Fairly Valued). The stock has 3 warning signs investors should review. Among 782 Capital Markets companies, Joindre Capital Services ranks better than 71.61% 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. Joindre Capital Services's annualized net income for the quarter that ended in Mar. 2026 was ₹331.4 Mil. Joindre Capital Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹905.2 Mil. Therefore, Joindre Capital Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 36.61%.
The historical rank and industry rank for Joindre Capital Services's Return-on-Tangible-Equity or its related term are showing as below:
BOM:531861'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.68 Med: 7.29 Max: 16.71
Current: 16.71
During the past 13 years, Joindre Capital Services's highest Return-on-Tangible-Equity was 16.71%. The lowest was 0.68%. And the median was 7.29%.
BOM:531861's Return-on-Tangible-Equity is ranked better than 71.61% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs BOM:531861: 16.71
Joindre Capital Services (BOM:531861) 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.
Joindre Capital Services Return-on-Tangible-Equity Related Terms
Joindre Capital Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Joindre Capital Services'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.
Joindre Capital Services Return-on-Tangible-Equity Chart
BOM:531861 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Joindre Capital 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.
Joindre Capital Services Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Joindre Capital Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Joindre Capital 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 36.61% mean?
Joindre Capital Services (BOM:531861) has a Return-on-Tangible-Equity of 36.61% 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 Joindre Capital Services and its competitors. This is 402% above median its historical median of 7.29. Over the past decade, Joindre Capital Services' Return-on-Tangible-Equity has ranged from 0.68 to 16.71. According to the industry distribution chart, Joindre Capital Services ranks #222 out of 782 companies in the Capital Markets industry, placing it in the top 28.4%.
Is Joindre Capital Services' Return-on-Tangible-Equity too high?
Joindre Capital Services' current Return-on-Tangible-Equity of 36.61% is 402% above median its 10-year median of 7.29. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 16.71. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. Joindre Capital Services' value of 36.61% is 461.5% above this industry median. Based on the distribution chart, Joindre Capital Services ranks #222 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Joindre Capital Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Joindre Capital Services' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, Joindre Capital Services ranks #222 out of 782 companies for Return-on-Tangible-Equity. This puts Joindre Capital Services in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. Joindre Capital Services' value of 36.61% is 461.5% above this benchmark. Historically, Joindre Capital Services' own Return-on-Tangible-Equity has ranged from 0.68 to 16.71 over the past decade. While the company's 10-year median is 7.29 vs. the industry median of 6.52, Joindre Capital Services 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. Joindre Capital Services's current Return-on-Tangible-Equity of 36.61% is 461.5% 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 Joindre Capital Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Joindre Capital Services's current Return-on-Tangible-Equity is 36.61%, which is 402% above median its own 10-year median of 7.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joindre Capital Services stock overvalued right now?
Based on GuruFocus' analysis, Joindre Capital Services (BOM:531861) is currently considered Fairly Valued. The stock's GF Value™ is ₹44.60, compared to a current price of ₹48.88 — trading 9.6% above its estimated fair value. The current Return-on-Tangible-Equity is 36.61%, which is 402% above median its 10-year median of 7.29 and 461.5% above the Capital Markets industry median of 6.52. Joindre Capital Services' overall GF Score™ is 69/100 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 Joindre Capital Services (BOM:531861), the current Return-on-Tangible-Equity is 36.61% 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 Joindre Capital Services (BOM:531861) Overvalued in 2026?
Based on GuruFocus' analysis, Joindre Capital Services stock appears to be overvalued.
The current stock price of ₹48.88 is trading 9.6% above its estimated GF Value™ of ₹44.60.
GuruFocus considers Joindre Capital Services to be Fairly Valued.
Key valuation signals for BOM:531861:
Return-on-Tangible-Equity: 36.61% (402% above median its 10-year median of 7.29)
GF Value™: ₹44.60 vs. price of ₹48.88 (9.6% above fair value)
Industry Position: 461.5% above the Capital Markets median (#222 of 782)
No single metric tells the full story. See the BOM:531861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Joindre Capital Services Ltd is engaged in the capital market business sector. The company provides various services like retail investment, institutional broking, mutual fund, derivatives, initial public offerings, internet trading, research, and others. The company has one business segment that is stock broking business and allied activities.
69GF Score
Get the complete analysis for BOM:531861
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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