Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
National Securities DepositoryBOM:544467 +0.05%47 Return-on-Tangible-Equity is 17.18% as of Jun. 2026, which is 8% below its 10-year median of 18.58. GuruFocus rates BOM:544467 with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 782 Capital Markets companies, National Securities Depository ranks better than 73.79% 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. National Securities Depository's annualized net income for the quarter that ended in Jun. 2026 was ₹3,928 Mil. National Securities Depository's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹22,860 Mil. Therefore, National Securities Depository's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 17.18%.
The historical rank and industry rank for National Securities Depository's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544467'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.92 Med: 18.58 Max: 19.61
Current: 18.38
During the past 6 years, National Securities Depository's highest Return-on-Tangible-Equity was 19.61%. The lowest was 17.92%. And the median was 18.58%.
BOM:544467's Return-on-Tangible-Equity is ranked better than 73.79% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs BOM:544467: 18.38
National Securities Depository (BOM:544467) 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.
National Securities Depository Return-on-Tangible-Equity Related Terms
National Securities Depository 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.
National Securities Depository Return-on-Tangible-Equity Chart
BOM:544467 vs SPGI, CME, ICE: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, National Securities Depository'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.
National Securities Depository Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, National Securities Depository's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where National Securities Depository'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 four times the quarterly (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.18% mean?
National Securities Depository (BOM:544467) has a Return-on-Tangible-Equity of 17.18% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on National Securities Depository and its competitors. This is near median its historical median of 18.58. Over the past decade, National Securities Depository's Return-on-Tangible-Equity has ranged from 17.92 to 19.61. According to the industry distribution chart, National Securities Depository ranks #205 out of 782 companies in the Capital Markets industry, placing it in the top 26.2%.
Is National Securities Depository's Return-on-Tangible-Equity too high?
National Securities Depository's current Return-on-Tangible-Equity of 17.18% is near median its 10-year median of 18.58. Over the past 10 years, this metric has ranged from a low of 17.92 to a high of 19.61. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. National Securities Depository's value of 17.18% is 163.5% above this industry median. Based on the distribution chart, National Securities Depository ranks #205 out of 782 companies in the Capital Markets industry, which is above the industry midpoint. Overall, National Securities Depository has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does National Securities Depository's Return-on-Tangible-Equity compare to SPGI and CME?
According to the Capital Markets industry distribution chart, National Securities Depository ranks #205 out of 782 companies for Return-on-Tangible-Equity. This puts National Securities Depository in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.52. National Securities Depository's value of 17.18% is 163.5% above this benchmark. Historically, National Securities Depository's own Return-on-Tangible-Equity has ranged from 17.92 to 19.61 over the past decade. While the company's 10-year median is 18.58 vs. the industry median of 6.52, National Securities Depository 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. National Securities Depository's current Return-on-Tangible-Equity of 17.18% is 163.5% 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 National Securities Depository and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Securities Depository's current Return-on-Tangible-Equity is 17.18%, which is near median its own 10-year median of 18.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Securities Depository stock overvalued right now?
National Securities Depository (BOM:544467) has a current Return-on-Tangible-Equity of 17.18%. The current Return-on-Tangible-Equity is 17.18%, which is near median its 10-year median of 18.58 and 163.5% above the Capital Markets industry median of 6.52. National Securities Depository's overall GF Score™ is 47/100 with 2 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 National Securities Depository (BOM:544467), the current Return-on-Tangible-Equity is 17.18% as of Jun. 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.
National Securities Depository Ltd is a SEBI-registered market infrastructure institution (MII) that offers a wide range-of-products and services to the financial and securities markets in India. As a depository, it provides a depository framework that allows market participants to engage in the financial and securities markets in India. It also plays a central role in developing products and services that will continue to meet the growing needs of the financial services industry in India. The company's business is to provide depository services to its clients in India, including various services for investors such as dematerialization, re-materialization, holding, transfer, and pledge of securities in electronic form.
47GF Score
Get the complete analysis for BOM:544467
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:544467 has been successfully added to your 
