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Indo SMCBOM:544681 +1.23%21 Return-on-Tangible-Equity is 41.60% as of Mar. 2026, which is 31% below its 10-year median of 60.24. GuruFocus rates BOM:544681 with a GF Score™ of 21/100. The stock has 6 warning signs investors should review. Among 2,977 Industrial Products companies, Indo SMC ranks better than 93.79% 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. Indo SMC's annualized net income for the quarter that ended in Mar. 2026 was ₹419 Mil. Indo SMC's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,006 Mil. Therefore, Indo SMC's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 41.60%.
The historical rank and industry rank for Indo SMC's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544681'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 34.13 Med: 60.24 Max: 86.74
Current: 41.01
During the past 4 years, Indo SMC's highest Return-on-Tangible-Equity was 86.74%. The lowest was 34.13%. And the median was 60.24%.
BOM:544681's Return-on-Tangible-Equity is ranked better than 93.79% of 2977
companies
in the Industrial Products industry
Industry Median: 6.95
vs BOM:544681: 41.01
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.
Indo SMC Return-on-Tangible-Equity Related Terms
Indo SMC Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Indo SMC'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.
Indo SMC Return-on-Tangible-Equity Chart
Indo SMC Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
39.20
86.74
81.27
34.13
Indo SMC Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Return-on-Tangible-Equity
0.00
0.00
45.44
55.35
41.60
BOM:544681 vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Indo SMC'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.
Indo SMC Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Indo SMC's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indo SMC'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 41.60% mean?
Indo SMC (BOM:544681) has a Return-on-Tangible-Equity of 41.60% 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 Indo SMC and its competitors. This is 31% below median its historical median of 60.24. Over the past decade, Indo SMC's Return-on-Tangible-Equity has ranged from 34.13 to 86.74. According to the industry distribution chart, Indo SMC ranks #185 out of 2977 companies in the Industrial Products industry, placing it in the top 6.2%.
Is Indo SMC's Return-on-Tangible-Equity too high?
Indo SMC's current Return-on-Tangible-Equity of 41.60% is 31% below median its 10-year median of 60.24. Over the past 10 years, this metric has ranged from a low of 34.13 to a high of 86.74. The Industrial Products industry median Return-on-Tangible-Equity is 6.95. Indo SMC's value of 41.60% is 498.6% above this industry median. Based on the distribution chart, Indo SMC ranks #185 out of 2977 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Indo SMC has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Indo SMC's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Indo SMC ranks #185 out of 2977 companies for Return-on-Tangible-Equity. This places Indo SMC in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.95. Indo SMC's value of 41.60% is 498.6% above this benchmark. Historically, Indo SMC's own Return-on-Tangible-Equity has ranged from 34.13 to 86.74 over the past decade. While the company's 10-year median is 60.24 vs. the industry median of 6.95, Indo SMC 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.95, based on 2,977 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. Indo SMC's current Return-on-Tangible-Equity of 41.60% is 498.6% 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 Indo SMC and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo SMC's current Return-on-Tangible-Equity is 41.60%, which is 31% below median its own 10-year median of 60.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo SMC stock overvalued right now?
Indo SMC (BOM:544681) has a current Return-on-Tangible-Equity of 41.60%. The current Return-on-Tangible-Equity is 41.60%, which is 31% below median its 10-year median of 60.24 and 498.6% above the Industrial Products industry median of 6.95. Indo SMC's overall GF Score™ is 21/100 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 Indo SMC (BOM:544681), the current Return-on-Tangible-Equity is 41.60% 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.
Indo SMC Ltd is engaged in the design and manufacture of multiple products catering to electrical, industrial, and infrastructural applications. Its business comprises of (i) sheet moulding compound division: manufacturing enclosure box for energy meters, SMC sheet and SMC chequered plates, (ii) fiberglass reinforced plastic: manufacturing grating plates, and (iii) electrical component division: manufacturing HTCT, HTPT, LTCT, feeder pillars and other power distribution and circuit protection switchgears. The company's offerings include SMC (Sheet Moulding Compound) products, FRP (Fibre Reinforced Polymer) products, and Current & Potential Transformers (CT/PTs). The majority of the comapny's revenue is derived from the sale of CT PT Products.
21GF Score
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