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SMT EngineeringBOM:538563 -5.00%43 Return-on-Tangible-Equity is 40.15% as of Mar. 2026. GuruFocus rates BOM:538563 with a GF Score™ of 43/100. The stock has 5 warning signs investors should review. Among 780 Capital Markets companies, SMT Engineering ranks better than 82.56% 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. SMT Engineering's annualized net income for the quarter that ended in Mar. 2026 was ₹482 Mil. SMT Engineering's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,201 Mil. Therefore, SMT Engineering's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 40.15%.
The historical rank and industry rank for SMT Engineering's Return-on-Tangible-Equity or its related term are showing as below:
BOM:538563'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -22.71 Med: -0.16 Max: 27.24
Current: 27.24
During the past 13 years, SMT Engineering's highest Return-on-Tangible-Equity was 27.24%. The lowest was -22.71%. And the median was -0.16%.
BOM:538563's Return-on-Tangible-Equity is ranked better than 82.56% of 780
companies
in the Capital Markets industry
Industry Median: 6.52
vs BOM:538563: 27.24
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.
SMT Engineering Return-on-Tangible-Equity Related Terms
SMT Engineering Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SMT Engineering'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:538563 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, SMT Engineering'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.
SMT Engineering Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SMT Engineering's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SMT Engineering'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 40.15% mean?
SMT Engineering (BOM:538563) has a Return-on-Tangible-Equity of 40.15% 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 SMT Engineering and its competitors. According to the industry distribution chart, SMT Engineering ranks #136 out of 780 companies in the Capital Markets industry, placing it in the top 17.4%.
Is SMT Engineering's Return-on-Tangible-Equity too high?
SMT Engineering's current Return-on-Tangible-Equity is 40.15%. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. SMT Engineering's value of 40.15% is 515.8% above this industry median. Based on the distribution chart, SMT Engineering ranks #136 out of 780 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, SMT Engineering has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does SMT Engineering's Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, SMT Engineering ranks #136 out of 780 companies for Return-on-Tangible-Equity. This places SMT Engineering in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. SMT Engineering's value of 40.15% is 515.8% 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 780 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. SMT Engineering's current Return-on-Tangible-Equity of 40.15% is 515.8% 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 SMT Engineering 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. SMT Engineering's current Return-on-Tangible-Equity is 40.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMT Engineering stock overvalued right now?
SMT Engineering (BOM:538563) has a current Return-on-Tangible-Equity of 40.15%. The current Return-on-Tangible-Equity is 40.15% and 515.8% above the Capital Markets industry median of 6.52. SMT Engineering's overall GF Score™ is 43/100 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 SMT Engineering (BOM:538563), the current Return-on-Tangible-Equity is 40.15% 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.
SMT Engineering Ltd and its subsidiaries, the Group, operate in share trading, manufacturing plastic processing machinery globally, and other businesses. Through its subsidiary, the company specializes in HDPE and PVC extrusion systems, drip irrigation solutions, and related plastic pipe manufacturing machinery, with CNC facilities in Indore, India. The company is also engaged in trading commodities and investing in mutual funds, shares, and securities, with the majority of its revenue generated from sales of shares and securities.
43GF Score
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