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Golden CarpetsBOM:531928 -4.92%54 Return-on-Tangible-Equity is Negative Tangible Equity% as of Mar. 2026. GuruFocus rates BOM:531928 with a GF Score™ of 54/100 and a GF Value™ of ₹14.83 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Golden Carpets ranks worse than 98328.32% 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. Golden Carpets's annualized net income for the quarter that ended in Mar. 2026 was ₹0.50 Mil. Golden Carpets's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹-3.07 Mil. Therefore, Golden Carpets's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Golden Carpets's Return-on-Tangible-Equity or its related term are showing as below:
During the past 13 years, Golden Carpets's highest Return-on-Tangible-Equity was 20.46%. The lowest was -206.11%. And the median was -33.72%.
BOM:531928's Return-on-Tangible-Equity is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 4.41 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Golden Carpets (BOM:531928) 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.
Golden Carpets Return-on-Tangible-Equity Related Terms
Golden Carpets Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Golden Carpets'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.
Golden Carpets Return-on-Tangible-Equity Competitor Comparison
For the Textile Manufacturing subindustry, Golden Carpets'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.
Golden Carpets Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Golden Carpets's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Golden Carpets'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 Negative Tangible Equity% mean?
Golden Carpets (BOM:531928) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Golden Carpets and its competitors. According to the industry distribution chart, Golden Carpets ranks #999999 out of 1017 companies in the Manufacturing - Apparel & Accessories industry.
Is Golden Carpets' Return-on-Tangible-Equity too high?
Golden Carpets' current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Golden Carpets ranks #999999 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Golden Carpets has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Carpets' Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Golden Carpets ranks #999999 out of 1017 companies for Return-on-Tangible-Equity. This places Golden Carpets in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.41. 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. 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 Golden Carpets 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. Golden Carpets's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Carpets stock overvalued right now?
Based on GuruFocus' analysis, Golden Carpets (BOM:531928) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹14.83, compared to a current price of ₹11.78 — trading 20.6% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Golden Carpets' overall GF Score™ is 54/100 with 7 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 Golden Carpets (BOM:531928), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Golden Carpets (BOM:531928) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Carpets stock appears to be undervalued.
The current stock price of ₹11.78 is trading 20.6% below its estimated GF Value™ of ₹14.83.
GuruFocus considers Golden Carpets to be Modestly Undervalued.
No single metric tells the full story. See the BOM:531928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Carpets Ltd is a manufacturer of carpets produced with heat-set polypropylene yarn that is imported from Turkey. The company provides carpeting solutions for hotels, multiplexes, and corporate offices with wall-to-wall carpets that are made to the client's needs. Its product portfolio includes wall-to-wall carpets and area rugs.
54GF Score
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