Lehar FootwearsBOM:532829 -1.54%84 Return-on-Tangible-Equity is 12.53% as of Mar. 2026, which is 220% above its 10-year median of 3.91. GuruFocus rates BOM:532829 with a GF Score™ of 84/100 and a GF Value™ of ₹281.51 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,011 Manufacturing - Apparel & Accessories companies, Lehar Footwears ranks better than 84.77% 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. Lehar Footwears's annualized net income for the quarter that ended in Mar. 2026 was ₹166 Mil. Lehar Footwears's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,321 Mil. Therefore, Lehar Footwears's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.53%.
The historical rank and industry rank for Lehar Footwears's Return-on-Tangible-Equity or its related term are showing as below:
BOM:532829'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.11 Med: 3.91 Max: 17.05
Current: 16.89
During the past 13 years, Lehar Footwears's highest Return-on-Tangible-Equity was 17.05%. The lowest was 0.11%. And the median was 3.91%.
BOM:532829's Return-on-Tangible-Equity is ranked better than 84.77% of 1011
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs BOM:532829: 16.89
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.
Lehar Footwears Return-on-Tangible-Equity Related Terms
Lehar Footwears Return-on-Tangible-Equity Historical Data
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The historical data trend for Lehar Footwears'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:532829 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Lehar Footwears'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.
Lehar Footwears Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lehar Footwears's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lehar Footwears'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 12.53% mean?
Lehar Footwears (BOM:532829) has a Return-on-Tangible-Equity of 12.53% 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 Lehar Footwears and its competitors. This is 220% above median its historical median of 3.91. Over the past decade, Lehar Footwears' Return-on-Tangible-Equity has ranged from 0.11 to 17.05. According to the industry distribution chart, Lehar Footwears ranks #154 out of 1011 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 15.2%.
Is Lehar Footwears' Return-on-Tangible-Equity too high?
Lehar Footwears' current Return-on-Tangible-Equity of 12.53% is 220% above median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 17.05. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Lehar Footwears' value of 12.53% is 182.8% above this industry median. Based on the distribution chart, Lehar Footwears ranks #154 out of 1011 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Lehar Footwears has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lehar Footwears' Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Lehar Footwears ranks #154 out of 1011 companies for Return-on-Tangible-Equity. This places Lehar Footwears in the top 15% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Lehar Footwears' value of 12.53% is 182.8% above this benchmark. Historically, Lehar Footwears' own Return-on-Tangible-Equity has ranged from 0.11 to 17.05 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 4.43, Lehar Footwears 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,011 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. Lehar Footwears's current Return-on-Tangible-Equity of 12.53% is 182.8% 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 Lehar Footwears and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lehar Footwears's current Return-on-Tangible-Equity is 12.53%, which is 220% above median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lehar Footwears stock overvalued right now?
Based on GuruFocus' analysis, Lehar Footwears (BOM:532829) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹281.51, compared to a current price of ₹240.10 — trading 14.7% below its estimated fair value. The current Return-on-Tangible-Equity is 12.53%, which is 220% above median its 10-year median of 3.91 and 182.8% above the Manufacturing - Apparel & Accessories industry median of 4.43. Lehar Footwears' overall GF Score™ is 84/100 with 1 warning sign 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 Lehar Footwears (BOM:532829), the current Return-on-Tangible-Equity is 12.53% 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 Lehar Footwears (BOM:532829) Overvalued in 2026?
Based on GuruFocus' analysis, Lehar Footwears stock appears to be undervalued.
The current stock price of ₹240.10 is trading 14.7% below its estimated GF Value™ of ₹281.51.
GuruFocus considers Lehar Footwears to be Modestly Undervalued.
Key valuation signals for BOM:532829:
Return-on-Tangible-Equity: 12.53% (220% above median its 10-year median of 3.91)
GF Value™: ₹281.51 vs. price of ₹240.10 (14.7% below fair value)
Industry Position: 182.8% above the Manufacturing - Apparel & Accessories median (#154 of 1011)
No single metric tells the full story. See the BOM:532829 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lehar Footwears Ltd is an India-based footwear manufacturing company. It manufactures a variety of footwear like lightweight fancy slippers, Polyvinyl Chloride (PVC) and Thermoplastic rubbers (TPR) footwear, synthetic leather chappals in addition to Hawai Chappals and canvas shoes. It manufactures and sells its products under the name LEHAR in the domestic market. The company operates in one single segment which is the Manufacturing of Footwear.
84GF Score
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