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MSAFE EquipmentsBOM:544695 -0.24%21 Return-on-Tangible-Equity is 35.60% as of Mar. 2026, which is 45% below its 10-year median of 64.42. GuruFocus rates BOM:544695 with a GF Score™ of 21/100. The stock has 6 warning signs investors should review. Among 2,391 Metals & Mining companies, MSAFE Equipments ranks better than 93.94% 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. MSAFE Equipments's annualized net income for the quarter that ended in Mar. 2026 was ₹238.4 Mil. MSAFE Equipments's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹669.7 Mil. Therefore, MSAFE Equipments's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 35.60%.
The historical rank and industry rank for MSAFE Equipments's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544695'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 36.31 Med: 64.42 Max: 70.59
Current: 42.17
During the past 4 years, MSAFE Equipments's highest Return-on-Tangible-Equity was 70.59%. The lowest was 36.31%. And the median was 64.42%.
BOM:544695's Return-on-Tangible-Equity is ranked better than 93.94% of 2391
companies
in the Metals & Mining industry
Industry Median: -16.3
vs BOM:544695: 42.17
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.
MSAFE Equipments Return-on-Tangible-Equity Related Terms
MSAFE Equipments Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for MSAFE Equipments'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.
MSAFE Equipments Return-on-Tangible-Equity Chart
MSAFE Equipments Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
60.54
70.59
68.29
36.31
MSAFE Equipments Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Return-on-Tangible-Equity
0.00
0.00
65.18
68.19
35.60
BOM:544695 vs AA: Return-on-Tangible-Equity Comparison
For the Aluminum subindustry, MSAFE Equipments'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.
MSAFE Equipments Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MSAFE Equipments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where MSAFE Equipments'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 35.60% mean?
MSAFE Equipments (BOM:544695) has a Return-on-Tangible-Equity of 35.60% 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 MSAFE Equipments and its competitors. This is 45% below median its historical median of 64.42. Over the past decade, MSAFE Equipments' Return-on-Tangible-Equity has ranged from 36.31 to 70.59. According to the industry distribution chart, MSAFE Equipments ranks #145 out of 2391 companies in the Metals & Mining industry, placing it in the top 6.1%.
Is MSAFE Equipments' Return-on-Tangible-Equity too high?
MSAFE Equipments' current Return-on-Tangible-Equity of 35.60% is 45% below median its 10-year median of 64.42. Over the past 10 years, this metric has ranged from a low of 36.31 to a high of 70.59. Based on the distribution chart, MSAFE Equipments ranks #145 out of 2391 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, MSAFE Equipments has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does MSAFE Equipments' Return-on-Tangible-Equity compare to AA?
According to the Metals & Mining industry distribution chart, MSAFE Equipments ranks #145 out of 2391 companies for Return-on-Tangible-Equity. This places MSAFE Equipments in the top 6% of its industry — outperforming the majority of peers. Historically, MSAFE Equipments' own Return-on-Tangible-Equity has ranged from 36.31 to 70.59 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 MSAFE Equipments and its competitors. MSAFE Equipments's current Return-on-Tangible-Equity is 35.60%, which is 45% below median its own 10-year median of 64.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSAFE Equipments stock overvalued right now?
MSAFE Equipments (BOM:544695) has a current Return-on-Tangible-Equity of 35.60%. The current Return-on-Tangible-Equity is 35.60%, which is 45% below median its 10-year median of 64.42. MSAFE Equipments' 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 MSAFE Equipments (BOM:544695), the current Return-on-Tangible-Equity is 35.60% 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.
MSAFE Equipments Ltd is engaged in the business of manufacturing, sales and rental of access and height-safety equipments, used to facilitate safe working at heights. Its product portfolio includes aluminium scaffoldings, mild steel (MS) scaffoldings, aluminium ladders and fibre reinforced plastic ladders, which are designed to meet varied operational and safety requirements across construction, maintenance, installation, repair and infrastructure development activities. The company offers various types of aluminium scaffoldings such as stairway, narrow-width, extra reach, podium, cantilever, and bridge sections.
21GF Score
Get the complete analysis for BOM:544695
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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