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Machhar IndustriesBOM:543934 78 Return-on-Tangible-Equity is 11.91% as of Jun. 2026, which is 116% above its 10-year median of 5.51. GuruFocus rates BOM:543934 with a GF Score™ of 78/100 and a GF Value™ of ₹370.92 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,571 Chemicals companies, Machhar Industries ranks better than 60.22% 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. Machhar Industries's annualized net income for the quarter that ended in Jun. 2026 was ₹11.5 Mil. Machhar Industries's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹96.9 Mil. Therefore, Machhar Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 11.91%.
The historical rank and industry rank for Machhar Industries's Return-on-Tangible-Equity or its related term are showing as below:
BOM:543934'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.65 Med: 5.51 Max: 21.97
Current: 8.06
During the past 8 years, Machhar Industries's highest Return-on-Tangible-Equity was 21.97%. The lowest was 1.65%. And the median was 5.51%.
BOM:543934's Return-on-Tangible-Equity is ranked better than 60.22% of 1571
companies
in the Chemicals industry
Industry Median: 5.9
vs BOM:543934: 8.06
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.
Machhar Industries Return-on-Tangible-Equity Related Terms
Machhar Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Machhar Industries'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:543934 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Machhar Industries'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.
Machhar Industries Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Machhar Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Machhar Industries'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.91% mean?
Machhar Industries (BOM:543934) has a Return-on-Tangible-Equity of 11.91% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Machhar Industries and its competitors. This is 116% above median its historical median of 5.51. Over the past decade, Machhar Industries' Return-on-Tangible-Equity has ranged from 1.65 to 21.97. According to the industry distribution chart, Machhar Industries ranks #625 out of 1571 companies in the Chemicals industry, placing it in the top 39.8%.
Is Machhar Industries' Return-on-Tangible-Equity too high?
Machhar Industries' current Return-on-Tangible-Equity of 11.91% is 116% above median its 10-year median of 5.51. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 21.97. The Chemicals industry median Return-on-Tangible-Equity is 5.90. Machhar Industries' value of 11.91% is 101.9% above this industry median. Based on the distribution chart, Machhar Industries ranks #625 out of 1571 companies in the Chemicals industry, which is above the industry midpoint. Overall, Machhar Industries has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Machhar Industries' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Machhar Industries ranks #625 out of 1571 companies for Return-on-Tangible-Equity. This puts Machhar Industries in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.90. Machhar Industries' value of 11.91% is 101.9% above this benchmark. Historically, Machhar Industries' own Return-on-Tangible-Equity has ranged from 1.65 to 21.97 over the past decade. While the company's 10-year median is 5.51 vs. the industry median of 5.90, Machhar Industries 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.90, based on 1,571 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. Machhar Industries's current Return-on-Tangible-Equity of 11.91% is 101.9% 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 Machhar Industries and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Machhar Industries's current Return-on-Tangible-Equity is 11.91%, which is 116% above median its own 10-year median of 5.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Machhar Industries stock overvalued right now?
Based on GuruFocus' analysis, Machhar Industries (BOM:543934) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹370.92, compared to a current price of ₹304.00 — trading 18% below its estimated fair value. The current Return-on-Tangible-Equity is 11.91%, which is 116% above median its 10-year median of 5.51 and 101.9% above the Chemicals industry median of 5.90. Machhar Industries' overall GF Score™ is 78/100 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 Machhar Industries (BOM:543934), the current Return-on-Tangible-Equity is 11.91% as of Jun. 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 Machhar Industries (BOM:543934) Overvalued in 2026?
Based on GuruFocus' analysis, Machhar Industries stock appears to be undervalued.
The current stock price of ₹304.00 is trading 18% below its estimated GF Value™ of ₹370.92.
GuruFocus considers Machhar Industries to be Modestly Undervalued.
Key valuation signals for BOM:543934:
Return-on-Tangible-Equity: 11.91% (116% above median its 10-year median of 5.51)
GF Value™: ₹370.92 vs. price of ₹304.00 (18% below fair value)
Industry Position: 101.9% above the Chemicals median (#625 of 1571)
No single metric tells the full story. See the BOM:543934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Machhar Industries Ltd is engaged in converting Ammonium Nitrate from melt form to solid form, in accordance with the specific terms and requirements of its customers. In addition to this core activity, the company is also engaged in the transportation of Ammonium Nitrate and other chemical products. The company operates with three distinct divisions: the explosive division, the transportation division, and Adblue (DEF). The company generates maximum revenue from the Transportation division. The company is also engaged in the production of Diesel Exhaust Fuel at the factory.
78GF Score
Get the complete analysis for BOM:543934
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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