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Harish Textile EngineersBOM:542682 -1.76%76 Return-on-Tangible-Equity is 51.60% as of Mar. 2026, which is 896% above its 10-year median of 5.18. GuruFocus rates BOM:542682 with a GF Score™ of 76/100 and a GF Value™ of ₹66.31 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,973 Industrial Products companies, Harish Textile Engineers ranks better than 94.82% 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. Harish Textile Engineers's annualized net income for the quarter that ended in Mar. 2026 was ₹74 Mil. Harish Textile Engineers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹143 Mil. Therefore, Harish Textile Engineers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 51.60%.
The historical rank and industry rank for Harish Textile Engineers's Return-on-Tangible-Equity or its related term are showing as below:
BOM:542682'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.46 Med: 5.18 Max: 48.77
Current: 48.77
During the past 10 years, Harish Textile Engineers's highest Return-on-Tangible-Equity was 48.77%. The lowest was -9.46%. And the median was 5.18%.
BOM:542682's Return-on-Tangible-Equity is ranked better than 94.82% of 2973
companies
in the Industrial Products industry
Industry Median: 6.8
vs BOM:542682: 48.77
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.
Harish Textile Engineers Return-on-Tangible-Equity Related Terms
Harish Textile Engineers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Harish Textile Engineers'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:542682 vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Harish Textile Engineers'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.
Harish Textile Engineers Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harish Textile Engineers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Harish Textile Engineers'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 51.60% mean?
Harish Textile Engineers (BOM:542682) has a Return-on-Tangible-Equity of 51.60% 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 Harish Textile Engineers and its competitors. This is 896% above median its historical median of 5.18. According to the industry distribution chart, Harish Textile Engineers ranks #154 out of 2973 companies in the Industrial Products industry, placing it in the top 5.2%.
Is Harish Textile Engineers' Return-on-Tangible-Equity too high?
Harish Textile Engineers' current Return-on-Tangible-Equity of 51.60% is 896% above median its 10-year median of 5.18. The Industrial Products industry median Return-on-Tangible-Equity is 6.80. Harish Textile Engineers' value of 51.60% is 658.8% above this industry median. Based on the distribution chart, Harish Textile Engineers ranks #154 out of 2973 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Harish Textile Engineers has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harish Textile Engineers' Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Harish Textile Engineers ranks #154 out of 2973 companies for Return-on-Tangible-Equity. This places Harish Textile Engineers in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.80. Harish Textile Engineers' value of 51.60% is 658.8% above this benchmark. While the company's 10-year median is 5.18 vs. the industry median of 6.80, Harish Textile Engineers 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 Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.80, based on 2,973 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. Harish Textile Engineers's current Return-on-Tangible-Equity of 51.60% is 658.8% 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 Harish Textile Engineers and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harish Textile Engineers's current Return-on-Tangible-Equity is 51.60%, which is 896% above median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harish Textile Engineers stock overvalued right now?
Based on GuruFocus' analysis, Harish Textile Engineers (BOM:542682) is currently considered Fairly Valued. The stock's GF Value™ is ₹66.31, compared to a current price of ₹69.59 — trading 4.9% above its estimated fair value. The current Return-on-Tangible-Equity is 51.60%, which is 896% above median its 10-year median of 5.18 and 658.8% above the Industrial Products industry median of 6.80. Harish Textile Engineers' overall GF Score™ is 76/100 with 2 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 Harish Textile Engineers (BOM:542682), the current Return-on-Tangible-Equity is 51.60% 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 Harish Textile Engineers (BOM:542682) Overvalued in 2026?
Based on GuruFocus' analysis, Harish Textile Engineers stock appears to be overvalued.
The current stock price of ₹69.59 is trading 4.9% above its estimated GF Value™ of ₹66.31.
GuruFocus considers Harish Textile Engineers to be Fairly Valued.
Key valuation signals for BOM:542682:
Return-on-Tangible-Equity: 51.60% (896% above median its 10-year median of 5.18)
GF Value™: ₹66.31 vs. price of ₹69.59 (4.9% above fair value)
Industry Position: 658.8% above the Industrial Products median (#154 of 2973)
No single metric tells the full story. See the BOM:542682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harish Textile Engineers Ltd is engaged in the manufacturing of textile processing and finishing machinery, the production of non-woven fabrics, and the production of polyester staple fiber. Its segments include Textile Engineering, Non-Woven and PSF. It offers products such as Stenter, Rotary Printing, Jigger, Dyeing Padder, Coater, Scouring, Curing, Relax Dryer, fabrics for automotive interiors, shoe liners, and various other products. The company generates key revenue from the Non-Woven segment.
76GF Score
Get the complete analysis for BOM:542682
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