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Cochin ShipyardBOM:540678 -0.11%91 Return-on-Tangible-Equity is 18.86% as of Mar. 2026, which is 21% above its 10-year median of 15.54. GuruFocus rates BOM:540678 with a GF Score™ of 91/100 and a GF Value™ of ₹1,713.86 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 336 Aerospace & Defense companies, Cochin Shipyard ranks better than 59.52% 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. Cochin Shipyard's annualized net income for the quarter that ended in Mar. 2026 was ₹11,059 Mil. Cochin Shipyard's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹58,648 Mil. Therefore, Cochin Shipyard's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.86%.
The historical rank and industry rank for Cochin Shipyard's Return-on-Tangible-Equity or its related term are showing as below:
BOM:540678'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.95 Med: 15.54 Max: 18.25
Current: 12.56
During the past 13 years, Cochin Shipyard's highest Return-on-Tangible-Equity was 18.25%. The lowest was 6.95%. And the median was 15.54%.
BOM:540678's Return-on-Tangible-Equity is ranked better than 59.52% of 336
companies
in the Aerospace & Defense industry
Industry Median: 8
vs BOM:540678: 12.56
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.
Cochin Shipyard Return-on-Tangible-Equity Related Terms
Cochin Shipyard Return-on-Tangible-Equity Historical Data
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The historical data trend for Cochin Shipyard'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:540678 vs SPCX, GE, RTX: Return-on-Tangible-Equity Comparison
For the Aerospace & Defense subindustry, Cochin Shipyard'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.
Cochin Shipyard Return-on-Tangible-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cochin Shipyard's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Cochin Shipyard'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 18.86% mean?
Cochin Shipyard (BOM:540678) has a Return-on-Tangible-Equity of 18.86% 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 Cochin Shipyard and its competitors. This is 21% above median its historical median of 15.54. Over the past decade, Cochin Shipyard's Return-on-Tangible-Equity has ranged from 6.95 to 18.25. According to the industry distribution chart, Cochin Shipyard ranks #136 out of 336 companies in the Aerospace & Defense industry, placing it in the top 40.5%.
Is Cochin Shipyard's Return-on-Tangible-Equity too high?
Cochin Shipyard's current Return-on-Tangible-Equity of 18.86% is 21% above median its 10-year median of 15.54. Over the past 10 years, this metric has ranged from a low of 6.95 to a high of 18.25. The Aerospace & Defense industry median Return-on-Tangible-Equity is 8.00. Cochin Shipyard's value of 18.86% is 135.8% above this industry median. Based on the distribution chart, Cochin Shipyard ranks #136 out of 336 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Cochin Shipyard has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cochin Shipyard's Return-on-Tangible-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Cochin Shipyard ranks #136 out of 336 companies for Return-on-Tangible-Equity. This puts Cochin Shipyard in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.00. Cochin Shipyard's value of 18.86% is 135.8% above this benchmark. Historically, Cochin Shipyard's own Return-on-Tangible-Equity has ranged from 6.95 to 18.25 over the past decade. While the company's 10-year median is 15.54 vs. the industry median of 8.00, Cochin Shipyard 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 an Aerospace & Defense company?
The median Return-on-Tangible-Equity among Aerospace & Defense companies is 8.00, based on 336 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. Cochin Shipyard's current Return-on-Tangible-Equity of 18.86% is 135.8% 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 Cochin Shipyard and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Equity is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cochin Shipyard's current Return-on-Tangible-Equity is 18.86%, which is 21% above median its own 10-year median of 15.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cochin Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Cochin Shipyard (BOM:540678) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,713.86, compared to a current price of ₹1,401.40 — trading 18.2% below its estimated fair value. The current Return-on-Tangible-Equity is 18.86%, which is 21% above median its 10-year median of 15.54 and 135.8% above the Aerospace & Defense industry median of 8.00. Cochin Shipyard's overall GF Score™ is 91/100 with 6 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 Cochin Shipyard (BOM:540678), the current Return-on-Tangible-Equity is 18.86% 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 Cochin Shipyard (BOM:540678) Overvalued in 2026?
Based on GuruFocus' analysis, Cochin Shipyard stock appears to be undervalued.
The current stock price of ₹1,401.40 is trading 18.2% below its estimated GF Value™ of ₹1,713.86.
GuruFocus considers Cochin Shipyard to be Modestly Undervalued.
Key valuation signals for BOM:540678:
Return-on-Tangible-Equity: 18.86% (21% above median its 10-year median of 15.54)
GF Value™: ₹1,713.86 vs. price of ₹1,401.40 (18.2% below fair value)
Industry Position: 135.8% above the Aerospace & Defense median (#136 of 336)
No single metric tells the full story. See the BOM:540678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cochin Shipyard Ltd is an Indian-based company engaged in the business activities of Shipbuilding and Ship repair. The company has two operating segments, namely, Shipbuilding and Repair of Ships/Offshore Structures. It generates maximum revenue from the Shipbuilding segment. The Shipbuilding segment offers products such as Oil Tankers, Bulk Carriers, Electric Passenger Ferries, Pax Vessels, Tugs, Aircraft Carriers, Pollution Control Vessels, and many more. The Ship repair segment includes maintenance and repair of all types of vessels including Tankers, Bulk Carriers, Aircraft Carriers, Defense Vessels, and all kinds of Commercial and Specialized vessels.
91GF Score
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