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Khazanchi JewellersBOM:543953 -0.13%90 Return-on-Tangible-Equity is 33.38% as of Mar. 2026, which is 56% above its 10-year median of 21.46. GuruFocus rates BOM:543953 with a GF Score™ of 90/100 and a GF Value™ of ₹923.80 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,067 Retail - Cyclical companies, Khazanchi Jewellers ranks better than 82.85% 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. Khazanchi Jewellers's annualized net income for the quarter that ended in Mar. 2026 was ₹1,024 Mil. Khazanchi Jewellers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹3,067 Mil. Therefore, Khazanchi Jewellers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 33.38%.
The historical rank and industry rank for Khazanchi Jewellers's Return-on-Tangible-Equity or its related term are showing as below:
BOM:543953'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.17 Med: 21.46 Max: 32.87
Current: 32.87
During the past 7 years, Khazanchi Jewellers's highest Return-on-Tangible-Equity was 32.87%. The lowest was 10.17%. And the median was 21.46%.
BOM:543953's Return-on-Tangible-Equity is ranked better than 82.85% of 1067
companies
in the Retail - Cyclical industry
Industry Median: 8.27
vs BOM:543953: 32.87
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.
Khazanchi Jewellers Return-on-Tangible-Equity Related Terms
Khazanchi Jewellers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Khazanchi Jewellers'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:543953 vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Khazanchi Jewellers'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.
Khazanchi Jewellers Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Khazanchi Jewellers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Khazanchi Jewellers'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 33.38% mean?
Khazanchi Jewellers (BOM:543953) has a Return-on-Tangible-Equity of 33.38% 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 Khazanchi Jewellers and its competitors. This is 56% above median its historical median of 21.46. Over the past decade, Khazanchi Jewellers' Return-on-Tangible-Equity has ranged from 10.17 to 32.87. According to the industry distribution chart, Khazanchi Jewellers ranks #183 out of 1067 companies in the Retail - Cyclical industry, placing it in the top 17.2%.
Is Khazanchi Jewellers' Return-on-Tangible-Equity too high?
Khazanchi Jewellers' current Return-on-Tangible-Equity of 33.38% is 56% above median its 10-year median of 21.46. Over the past 10 years, this metric has ranged from a low of 10.17 to a high of 32.87. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.27. Khazanchi Jewellers' value of 33.38% is 303.6% above this industry median. Based on the distribution chart, Khazanchi Jewellers ranks #183 out of 1067 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Khazanchi Jewellers has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khazanchi Jewellers' Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Khazanchi Jewellers ranks #183 out of 1067 companies for Return-on-Tangible-Equity. This places Khazanchi Jewellers in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.27. Khazanchi Jewellers' value of 33.38% is 303.6% above this benchmark. Historically, Khazanchi Jewellers' own Return-on-Tangible-Equity has ranged from 10.17 to 32.87 over the past decade. While the company's 10-year median is 21.46 vs. the industry median of 8.27, Khazanchi Jewellers 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.27, based on 1,067 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. Khazanchi Jewellers's current Return-on-Tangible-Equity of 33.38% is 303.6% 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 Khazanchi Jewellers and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khazanchi Jewellers's current Return-on-Tangible-Equity is 33.38%, which is 56% above median its own 10-year median of 21.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khazanchi Jewellers stock overvalued right now?
Based on GuruFocus' analysis, Khazanchi Jewellers (BOM:543953) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹923.80, compared to a current price of ₹709.00 — trading 23.3% below its estimated fair value. The current Return-on-Tangible-Equity is 33.38%, which is 56% above median its 10-year median of 21.46 and 303.6% above the Retail - Cyclical industry median of 8.27. Khazanchi Jewellers' overall GF Score™ is 90/100 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 Khazanchi Jewellers (BOM:543953), the current Return-on-Tangible-Equity is 33.38% 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 Khazanchi Jewellers (BOM:543953) Overvalued in 2026?
Based on GuruFocus' analysis, Khazanchi Jewellers stock appears to be undervalued.
The current stock price of ₹709.00 is trading 23.3% below its estimated GF Value™ of ₹923.80.
GuruFocus considers Khazanchi Jewellers to be Modestly Undervalued.
Key valuation signals for BOM:543953:
Return-on-Tangible-Equity: 33.38% (56% above median its 10-year median of 21.46)
GF Value™: ₹923.80 vs. price of ₹709.00 (23.3% below fair value)
Industry Position: 303.6% above the Retail - Cyclical median (#183 of 1067)
No single metric tells the full story. See the BOM:543953 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khazanchi Jewellers Ltd is a prominent player in the Indian jewellry industry, with a presence in both the wholesale and retail sectors. The company in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars.
90GF Score
Get the complete analysis for BOM:543953
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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