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Harikanta OverseasBOM:544769 +9.38%18 Return-on-Tangible-Equity is 56.72% as of Mar. 2025, which is 8% above its 10-year median of 52.64. GuruFocus rates BOM:544769 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,017 Manufacturing - Apparel & Accessories companies, Harikanta Overseas ranks better than 96.07% 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. Harikanta Overseas's annualized net income for the quarter that ended in Mar. 2025 was ₹44.7 Mil. Harikanta Overseas's average shareholder tangible equity for the quarter that ended in Mar. 2025 was ₹78.8 Mil. Therefore, Harikanta Overseas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2025 was 56.72%.
The historical rank and industry rank for Harikanta Overseas's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544769'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 22 Med: 52.64 Max: 56.72
Current: 56.72
During the past 3 years, Harikanta Overseas's highest Return-on-Tangible-Equity was 56.72%. The lowest was 22.00%. And the median was 52.64%.
BOM:544769's Return-on-Tangible-Equity is ranked better than 96.07% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs BOM:544769: 56.72
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.
Harikanta Overseas Return-on-Tangible-Equity Related Terms
Harikanta Overseas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Harikanta Overseas'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.
For the Textile Manufacturing subindustry, Harikanta Overseas'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.
Harikanta Overseas Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harikanta Overseas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Harikanta Overseas'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 one times the annual (Mar. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 56.72% mean?
Harikanta Overseas (BOM:544769) has a Return-on-Tangible-Equity of 56.72% as of Mar. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Harikanta Overseas and its competitors. This is near median its historical median of 52.64. Over the past decade, Harikanta Overseas' Return-on-Tangible-Equity has ranged from 22.00 to 56.72. According to the industry distribution chart, Harikanta Overseas ranks #40 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.9%.
Is Harikanta Overseas' Return-on-Tangible-Equity too high?
Harikanta Overseas' current Return-on-Tangible-Equity of 56.72% is near median its 10-year median of 52.64. Over the past 10 years, this metric has ranged from a low of 22.00 to a high of 56.72. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Harikanta Overseas' value of 56.72% is 1180.4% above this industry median. Based on the distribution chart, Harikanta Overseas ranks #40 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Harikanta Overseas has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Harikanta Overseas' Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harikanta Overseas ranks #40 out of 1017 companies for Return-on-Tangible-Equity. This places Harikanta Overseas in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Harikanta Overseas' value of 56.72% is 1180.4% above this benchmark. Historically, Harikanta Overseas' own Return-on-Tangible-Equity has ranged from 22.00 to 56.72 over the past decade. While the company's 10-year median is 52.64 vs. the industry median of 4.43, Harikanta Overseas 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,017 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. Harikanta Overseas's current Return-on-Tangible-Equity of 56.72% is 1180.4% 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 Harikanta Overseas and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harikanta Overseas's current Return-on-Tangible-Equity is 56.72%, which is near median its own 10-year median of 52.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harikanta Overseas stock overvalued right now?
Harikanta Overseas (BOM:544769) has a current Return-on-Tangible-Equity of 56.72%. The current Return-on-Tangible-Equity is 56.72%, which is near median its 10-year median of 52.64 and 1180.4% above the Manufacturing - Apparel & Accessories industry median of 4.43. Harikanta Overseas' overall GF Score™ is 18/100 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 Harikanta Overseas (BOM:544769), the current Return-on-Tangible-Equity is 56.72% as of Mar. 2025. 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.
Harikanta Overseas Ltd is engaged in the manufacturing of Synthetic textile fabrics. Its product portfolio includes Ikat fabrics, polyester garment fabrics, saree fabrics, dhupion fabrics, poly linen, and natural fiber. The company caters fabric to women's wear, producing fabrics for sarees, dress materials, and kurtas, while also offering fabrics for men's kurtas. It has single reportable segment namely Manufacturing and exporting of textile fabrics. The majority of the company's revenue is derived from the sale of Ikat Fabrics.
18GF Score
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