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Shree Tirupati Balajee Agro Trading Co (BOM:544249) Return-on-Tangible-Equity : 8.23% (As of Dec. 2024)


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What is Shree Tirupati Balajee Agro Trading Co Return-on-Tangible-Equity?

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. Shree Tirupati Balajee Agro Trading Co's annualized net income for the quarter that ended in Dec. 2024 was ₹245 Mil. Shree Tirupati Balajee Agro Trading Co's average shareholder tangible equity for the quarter that ended in Dec. 2024 was ₹2,976 Mil. Therefore, Shree Tirupati Balajee Agro Trading Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 was 8.23%.

The historical rank and industry rank for Shree Tirupati Balajee Agro Trading Co's Return-on-Tangible-Equity or its related term are showing as below:

BOM:544249' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.62   Med: 14.05   Max: 20.78
Current: 14.15

During the past 4 years, Shree Tirupati Balajee Agro Trading Co's highest Return-on-Tangible-Equity was 20.78%. The lowest was 11.62%. And the median was 14.05%.

BOM:544249's Return-on-Tangible-Equity is ranked better than
78.46% of 390 companies
in the Packaging & Containers industry
Industry Median: 6.235 vs BOM:544249: 14.15

Shree Tirupati Balajee Agro Trading Co Return-on-Tangible-Equity Historical Data

The historical data trend for Shree Tirupati Balajee Agro Trading Co'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.

* Premium members only.

Shree Tirupati Balajee Agro Trading Co Return-on-Tangible-Equity Chart

Shree Tirupati Balajee Agro Trading Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Return-on-Tangible-Equity
11.62 11.86 16.24 20.78

Shree Tirupati Balajee Agro Trading Co Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.08 21.80 15.07 9.53 8.23

Competitive Comparison of Shree Tirupati Balajee Agro Trading Co's Return-on-Tangible-Equity

For the Packaging & Containers subindustry, Shree Tirupati Balajee Agro Trading Co'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.


Shree Tirupati Balajee Agro Trading Co's Return-on-Tangible-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shree Tirupati Balajee Agro Trading Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Shree Tirupati Balajee Agro Trading Co's Return-on-Tangible-Equity falls into.


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Shree Tirupati Balajee Agro Trading Co Return-on-Tangible-Equity Calculation

Shree Tirupati Balajee Agro Trading Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2024 )  (A: Mar. 2023 )(A: Mar. 2024 )
=292.866/( (1094.676+1724.136 )/ 2 )
=292.866/1409.406
=20.78 %

Shree Tirupati Balajee Agro Trading Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=245.008/( (2976.351+0)/ 1 )
=245.008/2976.351
=8.23 %

* 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 (Dec. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Shree Tirupati Balajee Agro Trading Co  (BOM:544249) Return-on-Tangible-Equity Explanation

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.


Shree Tirupati Balajee Agro Trading Co Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Shree Tirupati Balajee Agro Trading Co's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Shree Tirupati Balajee Agro Trading Co Business Description

Traded in Other Exchanges
Address
E-34, H.I.G, RaviShankar Nagar, Near LIG Square, Indore, MP, IND, 452010
Shree Tirupati Balajee Agro Trading Co Ltd is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas. The company offers customized products and caters to the bulk packaging solutions of its clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them its FIBC products for transportation purposes and their packaging requirement.

Shree Tirupati Balajee Agro Trading Co Headlines

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