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AMIC ForgingBOM:544037 +2.54%47 Return-on-Tangible-Equity is 17.70% as of Mar. 2026, which is 29% below its 10-year median of 24.76. GuruFocus rates BOM:544037 with a GF Score™ of 47/100. The stock has 10 warning signs investors should review. Among 2,968 Industrial Products companies, AMIC Forging ranks better than 82.08% 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. AMIC Forging's annualized net income for the quarter that ended in Mar. 2026 was ₹317 Mil. AMIC Forging's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,793 Mil. Therefore, AMIC Forging's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.70%.
The historical rank and industry rank for AMIC Forging's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544037'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.27 Med: 24.76 Max: 70.04
Current: 17.54
During the past 6 years, AMIC Forging's highest Return-on-Tangible-Equity was 70.04%. The lowest was 8.27%. And the median was 24.76%.
BOM:544037's Return-on-Tangible-Equity is ranked better than 82.08% of 2968
companies
in the Industrial Products industry
Industry Median: 6.76
vs BOM:544037: 17.54
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.
AMIC Forging Return-on-Tangible-Equity Related Terms
AMIC Forging Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for AMIC Forging'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:544037 vs CRS, ATI, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, AMIC Forging'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.
AMIC Forging Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, AMIC Forging's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where AMIC Forging'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 two times the semi-annual (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 17.70% mean?
AMIC Forging (BOM:544037) has a Return-on-Tangible-Equity of 17.70% 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 AMIC Forging and its competitors. This is 29% below median its historical median of 24.76. Over the past decade, AMIC Forging's Return-on-Tangible-Equity has ranged from 8.27 to 70.04. According to the industry distribution chart, AMIC Forging ranks #532 out of 2968 companies in the Industrial Products industry, placing it in the top 17.9%.
Is AMIC Forging's Return-on-Tangible-Equity too high?
AMIC Forging's current Return-on-Tangible-Equity of 17.70% is 29% below median its 10-year median of 24.76. Over the past 10 years, this metric has ranged from a low of 8.27 to a high of 70.04. The Industrial Products industry median Return-on-Tangible-Equity is 6.76. AMIC Forging's value of 17.70% is 161.8% above this industry median. Based on the distribution chart, AMIC Forging ranks #532 out of 2968 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, AMIC Forging has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does AMIC Forging's Return-on-Tangible-Equity compare to CRS and ATI?
According to the Industrial Products industry distribution chart, AMIC Forging ranks #532 out of 2968 companies for Return-on-Tangible-Equity. This places AMIC Forging in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.76. AMIC Forging's value of 17.70% is 161.8% above this benchmark. Historically, AMIC Forging's own Return-on-Tangible-Equity has ranged from 8.27 to 70.04 over the past decade. While the company's 10-year median is 24.76 vs. the industry median of 6.76, AMIC Forging 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 6.76, based on 2,968 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. AMIC Forging's current Return-on-Tangible-Equity of 17.70% is 161.8% 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 AMIC Forging and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AMIC Forging's current Return-on-Tangible-Equity is 17.70%, which is 29% below median its own 10-year median of 24.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMIC Forging stock overvalued right now?
AMIC Forging (BOM:544037) has a current Return-on-Tangible-Equity of 17.70%. The current Return-on-Tangible-Equity is 17.70%, which is 29% below median its 10-year median of 24.76 and 161.8% above the Industrial Products industry median of 6.76. AMIC Forging's overall GF Score™ is 47/100 with 10 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 AMIC Forging (BOM:544037), the current Return-on-Tangible-Equity is 17.70% 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.
AMIC Forging Ltd is engaged in manufacturing forged components catering to various industries with its manufacturing facility at Baidyabati, Hooghly. It manufactures precision-machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook, and other products.
47GF Score
Get the complete analysis for BOM:544037
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