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Shanti SpintexBOM:544059 -4.11%43 Return-on-Tangible-Equity is 5.74% as of Mar. 2026, which is 48% below its 10-year median of 11.12. GuruFocus rates BOM:544059 with a GF Score™ of 43/100. The stock has 5 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, Shanti Spintex ranks better than 69.68% 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. Shanti Spintex's annualized net income for the quarter that ended in Mar. 2026 was ₹59 Mil. Shanti Spintex's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,034 Mil. Therefore, Shanti Spintex's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.74%.
The historical rank and industry rank for Shanti Spintex's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544059'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.16 Med: 11.12 Max: 19.8
Current: 9.8
During the past 6 years, Shanti Spintex's highest Return-on-Tangible-Equity was 19.80%. The lowest was 8.16%. And the median was 11.12%.
BOM:544059's Return-on-Tangible-Equity is ranked better than 69.68% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.41
vs BOM:544059: 9.80
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.
Shanti Spintex Return-on-Tangible-Equity Related Terms
Shanti Spintex Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shanti Spintex'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.
For the Textile Manufacturing subindustry, Shanti Spintex'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.
Shanti Spintex Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shanti Spintex's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanti Spintex'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 5.74% mean?
Shanti Spintex (BOM:544059) has a Return-on-Tangible-Equity of 5.74% 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 Shanti Spintex and its competitors. This is 48% below median its historical median of 11.12. Over the past decade, Shanti Spintex's Return-on-Tangible-Equity has ranged from 8.16 to 19.80. According to the industry distribution chart, Shanti Spintex ranks #309 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 30.3%.
Is Shanti Spintex's Return-on-Tangible-Equity too high?
Shanti Spintex's current Return-on-Tangible-Equity of 5.74% is 48% below median its 10-year median of 11.12. Over the past 10 years, this metric has ranged from a low of 8.16 to a high of 19.80. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.41. Shanti Spintex's value of 5.74% is 30.2% above this industry median. Based on the distribution chart, Shanti Spintex ranks #309 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Shanti Spintex has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Shanti Spintex's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shanti Spintex ranks #309 out of 1019 companies for Return-on-Tangible-Equity. This puts Shanti Spintex in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.41. Shanti Spintex's value of 5.74% is 30.2% above this benchmark. Historically, Shanti Spintex's own Return-on-Tangible-Equity has ranged from 8.16 to 19.80 over the past decade. While the company's 10-year median is 11.12 vs. the industry median of 4.41, Shanti Spintex 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.41, based on 1,019 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. Shanti Spintex's current Return-on-Tangible-Equity of 5.74% is 30.2% 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 Shanti Spintex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanti Spintex's current Return-on-Tangible-Equity is 5.74%, which is 48% below median its own 10-year median of 11.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanti Spintex stock overvalued right now?
Shanti Spintex (BOM:544059) has a current Return-on-Tangible-Equity of 5.74%. The current Return-on-Tangible-Equity is 5.74%, which is 48% below median its 10-year median of 11.12 and 30.2% above the Manufacturing - Apparel & Accessories industry median of 4.41. Shanti Spintex's overall GF Score™ is 43/100 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 Shanti Spintex (BOM:544059), the current Return-on-Tangible-Equity is 5.74% 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.
Shanti Spintex Ltd is engaged in the Manufacturing and selling of Cotton Yarn and Fabrics. It manufactures various types of denim fabrics such as power stretch spandex denim, knit denim, lightweight denim, rigid denim, over-dyed denim, and flat finish 3/1 denim and also offers denim fabrics in a diverse spectrum of shades such as indigo blue, IBST, sulphur black, sulphur grey, etc. The Company's operations encompass the utilization of diverse types of yarns such as cotton yarn, ring yarn, viscose yarn, slub yarn, cotton spandex, polyester spandex, tencel, lyocell, etc. The Company is currently organized into two operating activities - 1. Textile Manufacturing and 2. Windmill Operations. The company generates the majority of its revenue from the Textile segment.
43GF Score
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