Avax Apparels And OrnamentsBOM:544337 -2.18%18 Return-on-Tangible-Equity is 40.87% as of Mar. 2026, which is 36% below its 10-year median of 63.90. GuruFocus rates BOM:544337 with a GF Score™ of 18/100. The stock has 6 warning signs investors should review. Among 1,016 Manufacturing - Apparel & Accessories companies, Avax Apparels And Ornaments ranks better than 94.29% 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. Avax Apparels And Ornaments's annualized net income for the quarter that ended in Mar. 2026 was ₹35.4 Mil. Avax Apparels And Ornaments's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹86.7 Mil. Therefore, Avax Apparels And Ornaments's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 40.87%.
The historical rank and industry rank for Avax Apparels And Ornaments's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544337'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 33.48 Med: 63.9 Max: 88.21
Current: 37.19
During the past 6 years, Avax Apparels And Ornaments's highest Return-on-Tangible-Equity was 88.21%. The lowest was 33.48%. And the median was 63.90%.
BOM:544337's Return-on-Tangible-Equity is ranked better than 94.29% of 1016
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.47
vs BOM:544337: 37.19
Avax Apparels And Ornaments (BOM:544337) 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.
Avax Apparels And Ornaments Return-on-Tangible-Equity Related Terms
Avax Apparels And Ornaments Return-on-Tangible-Equity Historical Data
* 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.
Avax Apparels And Ornaments Return-on-Tangible-Equity Chart
BOM:544337 vs RL, LEVI, VFC: Return-on-Tangible-Equity Comparison
For the Apparel Manufacturing subindustry, Avax Apparels And Ornaments'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.
Avax Apparels And Ornaments Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Avax Apparels And Ornaments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Avax Apparels And Ornaments'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 40.87% mean?
Avax Apparels And Ornaments (BOM:544337) has a Return-on-Tangible-Equity of 40.87% 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 Avax Apparels And Ornaments and its competitors. This is 36% below median its historical median of 63.90. Over the past decade, Avax Apparels And Ornaments' Return-on-Tangible-Equity has ranged from 33.48 to 88.21. According to the industry distribution chart, Avax Apparels And Ornaments ranks #58 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 5.7%.
Is Avax Apparels And Ornaments' Return-on-Tangible-Equity too high?
Avax Apparels And Ornaments' current Return-on-Tangible-Equity of 40.87% is 36% below median its 10-year median of 63.90. Over the past 10 years, this metric has ranged from a low of 33.48 to a high of 88.21. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.47. Avax Apparels And Ornaments' value of 40.87% is 814.3% above this industry median. Based on the distribution chart, Avax Apparels And Ornaments ranks #58 out of 1016 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Avax Apparels And Ornaments has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Avax Apparels And Ornaments' Return-on-Tangible-Equity compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Avax Apparels And Ornaments ranks #58 out of 1016 companies for Return-on-Tangible-Equity. This places Avax Apparels And Ornaments in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.47. Avax Apparels And Ornaments' value of 40.87% is 814.3% above this benchmark. Historically, Avax Apparels And Ornaments' own Return-on-Tangible-Equity has ranged from 33.48 to 88.21 over the past decade. While the company's 10-year median is 63.90 vs. the industry median of 4.47, Avax Apparels And Ornaments 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 4.47, based on 1,016 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. Avax Apparels And Ornaments's current Return-on-Tangible-Equity of 40.87% is 814.3% 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 Avax Apparels And Ornaments and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avax Apparels And Ornaments's current Return-on-Tangible-Equity is 40.87%, which is 36% below median its own 10-year median of 63.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avax Apparels And Ornaments stock overvalued right now?
Avax Apparels And Ornaments (BOM:544337) has a current Return-on-Tangible-Equity of 40.87%. The current Return-on-Tangible-Equity is 40.87%, which is 36% below median its 10-year median of 63.90 and 814.3% above the Manufacturing - Apparel & Accessories industry median of 4.47. Avax Apparels And Ornaments' overall GF Score™ is 18/100 with 6 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 Avax Apparels And Ornaments (BOM:544337), the current Return-on-Tangible-Equity is 40.87% 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.
Avax Apparels And Ornaments Ltd engages in two distinct lines of business: Wholesale trading and Online retail of silver ornaments. Wholesale trading engages in the trading of knitted cloth. The company buys from manufacturers and supplies wholesale to companies and readymade garment manufacturers in Punjab. The company specializes in knitted cloth, which is used for manufacturing ladies' and gents' jackets. Online retail silver ornaments business which includes a range of designs and articles with a choice of the weight of products. The company has two segments namely; Knitted Clothes and Online Retail Sale - silver ornament. The company generates the majority of its revenue from the Knitted Clothes segment.
18GF Score
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