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.
Novus LoyaltyBOM:544735 21 Return-on-Tangible-Equity is 17.31% as of Mar. 2026, which is 41% below its 10-year median of 29.52. GuruFocus rates BOM:544735 with a GF Score™ of 21/100. Among 2,484 Software companies, Novus Loyalty ranks better than 75.36% 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. Novus Loyalty's annualized net income for the quarter that ended in Mar. 2026 was ₹70 Mil. Novus Loyalty's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹402 Mil. Therefore, Novus Loyalty's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 17.31%.
The historical rank and industry rank for Novus Loyalty's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544735'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.36 Med: 29.52 Max: 36.94
Current: 29.98
During the past 4 years, Novus Loyalty's highest Return-on-Tangible-Equity was 36.94%. The lowest was 8.36%. And the median was 29.52%.
BOM:544735's Return-on-Tangible-Equity is ranked better than 75.36% of 2484
companies
in the Software industry
Industry Median: 8.91
vs BOM:544735: 29.98
Novus Loyalty (BOM:544735) 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.
Novus Loyalty Return-on-Tangible-Equity Related Terms
Novus Loyalty Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Novus Loyalty'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.
Novus Loyalty Return-on-Tangible-Equity Chart
Novus Loyalty Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
8.36
36.94
33.95
25.08
Novus Loyalty Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Return-on-Tangible-Equity
0.00
0.00
0.00
73.94
17.31
BOM:544735 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison
For the Software - Application subindustry, Novus Loyalty'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.
Novus Loyalty Return-on-Tangible-Equity vs Software Industry
For the Software industry and Technology sector, Novus Loyalty's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Novus Loyalty'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 17.31% mean?
Novus Loyalty (BOM:544735) has a Return-on-Tangible-Equity of 17.31% 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 Novus Loyalty and its competitors. This is 41% below median its historical median of 29.52. Over the past decade, Novus Loyalty's Return-on-Tangible-Equity has ranged from 8.36 to 36.94. According to the industry distribution chart, Novus Loyalty ranks #612 out of 2484 companies in the Software industry, placing it in the top 24.6%.
Is Novus Loyalty's Return-on-Tangible-Equity too high?
Novus Loyalty's current Return-on-Tangible-Equity of 17.31% is 41% below median its 10-year median of 29.52. Over the past 10 years, this metric has ranged from a low of 8.36 to a high of 36.94. The Software industry median Return-on-Tangible-Equity is 8.91. Novus Loyalty's value of 17.31% is 94.3% above this industry median. Based on the distribution chart, Novus Loyalty ranks #612 out of 2484 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Novus Loyalty has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Novus Loyalty's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Novus Loyalty ranks #612 out of 2484 companies for Return-on-Tangible-Equity. This places Novus Loyalty in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.91. Novus Loyalty's value of 17.31% is 94.3% above this benchmark. Historically, Novus Loyalty's own Return-on-Tangible-Equity has ranged from 8.36 to 36.94 over the past decade. While the company's 10-year median is 29.52 vs. the industry median of 8.91, Novus Loyalty 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.91, based on 2,484 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. Novus Loyalty's current Return-on-Tangible-Equity of 17.31% is 94.3% 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 Novus Loyalty and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novus Loyalty's current Return-on-Tangible-Equity is 17.31%, which is 41% below median its own 10-year median of 29.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novus Loyalty stock overvalued right now?
Novus Loyalty (BOM:544735) has a current Return-on-Tangible-Equity of 17.31%. The current Return-on-Tangible-Equity is 17.31%, which is 41% below median its 10-year median of 29.52 and 94.3% above the Software industry median of 8.91. Novus Loyalty's overall GF Score™ is 21/100. 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 Novus Loyalty (BOM:544735), the current Return-on-Tangible-Equity is 17.31% 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.
Novus Loyalty Ltd is a technology company engaged in providing loyalty and reward solutions to various industries such as Fintech, E-commerce, Software, Finance, Banking, FMCG and Real Estate. The company's operations involve the development, customization, installation, and implementation of loyalty and reward applications, together with post-implementation support, monitoring, and maintenance services. Its platform provides both customizable and ready-to-use program models, including point-based rewards, event-triggered campaigns, cashback systems, purchase-linked promotions, and digital vouchers. Its business verticals include: Technology, Redemptions, Merchant Promotions, and Digital Vouchers, with the majority of revenue deriving from Digital Vouchers.
21GF Score
Get the complete analysis for BOM:544735
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:544735 has been successfully added to your 
