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Manoj JewellersBOM:544400 48 Return-on-Tangible-Equity is 18.13% as of Mar. 2026, which is 14% above its 10-year median of 15.97. GuruFocus rates BOM:544400 with a GF Score™ of 48/100. The stock has 5 warning signs investors should review. Among 1,066 Retail - Cyclical companies, Manoj Jewellers ranks better than 80.58% 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. Manoj Jewellers's annualized net income for the quarter that ended in Mar. 2026 was ₹67 Mil. Manoj Jewellers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹372 Mil. Therefore, Manoj Jewellers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 18.13%.
The historical rank and industry rank for Manoj Jewellers's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544400'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.46 Med: 15.97 Max: 39.27
Current: 30.48
During the past 7 years, Manoj Jewellers's highest Return-on-Tangible-Equity was 39.27%. The lowest was 3.46%. And the median was 15.97%.
BOM:544400's Return-on-Tangible-Equity is ranked better than 80.58% of 1066
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs BOM:544400: 30.48
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.
Manoj Jewellers Return-on-Tangible-Equity Related Terms
Manoj Jewellers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Manoj 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:544400 vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Manoj 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.
Manoj Jewellers Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Jewellers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manoj 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 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 18.13% mean?
Manoj Jewellers (BOM:544400) has a Return-on-Tangible-Equity of 18.13% 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 Manoj Jewellers and its competitors. This is 14% above median its historical median of 15.97. Over the past decade, Manoj Jewellers' Return-on-Tangible-Equity has ranged from 3.46 to 39.27. According to the industry distribution chart, Manoj Jewellers ranks #207 out of 1066 companies in the Retail - Cyclical industry, placing it in the top 19.4%.
Is Manoj Jewellers' Return-on-Tangible-Equity too high?
Manoj Jewellers' current Return-on-Tangible-Equity of 18.13% is 14% above median its 10-year median of 15.97. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 39.27. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Manoj Jewellers' value of 18.13% is 114.4% above this industry median. Based on the distribution chart, Manoj Jewellers ranks #207 out of 1066 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Manoj Jewellers has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Manoj Jewellers' Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Manoj Jewellers ranks #207 out of 1066 companies for Return-on-Tangible-Equity. This places Manoj Jewellers in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.46. Manoj Jewellers' value of 18.13% is 114.4% above this benchmark. Historically, Manoj Jewellers' own Return-on-Tangible-Equity has ranged from 3.46 to 39.27 over the past decade. While the company's 10-year median is 15.97 vs. the industry median of 8.46, Manoj 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 8.46, based on 1,066 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. Manoj Jewellers's current Return-on-Tangible-Equity of 18.13% is 114.4% 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 Manoj Jewellers and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manoj Jewellers's current Return-on-Tangible-Equity is 18.13%, which is 14% above median its own 10-year median of 15.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manoj Jewellers stock overvalued right now?
Manoj Jewellers (BOM:544400) has a current Return-on-Tangible-Equity of 18.13%. The current Return-on-Tangible-Equity is 18.13%, which is 14% above median its 10-year median of 15.97 and 114.4% above the Retail - Cyclical industry median of 8.46. Manoj Jewellers' overall GF Score™ is 48/100 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 Manoj Jewellers (BOM:544400), the current Return-on-Tangible-Equity is 18.13% 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.
Manoj Jewellers Ltd is engaged in the retail and wholesale business of jewellery and ornaments made from gold and diamonds, embellished with precious and semiprecious stones. Its extensive portfolio includes a wide range of items such as rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery pieces. Its diverse collection caters to various tastes and occasions, offering customers a selection of exquisite pieces to choose from. The company aims to provide high-quality and beautifully crafted jewellery to meet the needs and preferences of its clients.
48GF Score
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