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Agarwal IndustrialNSE:AGARIND +3.03%80 Return-on-Tangible-Equity is 9.50% as of Mar. 2026, which is 50% below its 10-year median of 19.18. GuruFocus rates NSE:AGARIND with a GF Score™ of 80/100 and a GF Value™ of ₹674.68 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,570 Chemicals companies, Agarwal Industrial ranks better than 54.2% 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. Agarwal Industrial's annualized net income for the quarter that ended in Mar. 2026 was ₹630 Mil. Agarwal Industrial's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,633 Mil. Therefore, Agarwal Industrial's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.50%.
The historical rank and industry rank for Agarwal Industrial's Return-on-Tangible-Equity or its related term are showing as below:
NSE:AGARIND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.75 Med: 19.18 Max: 26.8
Current: 6.75
During the past 13 years, Agarwal Industrial's highest Return-on-Tangible-Equity was 26.80%. The lowest was 6.75%. And the median was 19.18%.
NSE:AGARIND's Return-on-Tangible-Equity is ranked better than 54.2% of 1570
companies
in the Chemicals industry
Industry Median: 5.88
vs NSE:AGARIND: 6.75
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.
Agarwal Industrial Return-on-Tangible-Equity Related Terms
Agarwal Industrial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Agarwal Industrial'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.
NSE:AGARIND vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Agarwal Industrial'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.
Agarwal Industrial Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Agarwal Industrial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Agarwal Industrial'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 (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 9.50% mean?
Agarwal Industrial (NSE:AGARIND) has a Return-on-Tangible-Equity of 9.50% 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 Agarwal Industrial and its competitors. This is 50% below median its historical median of 19.18. Over the past decade, Agarwal Industrial's Return-on-Tangible-Equity has ranged from 6.75 to 26.80. According to the industry distribution chart, Agarwal Industrial ranks #719 out of 1570 companies in the Chemicals industry, placing it in the top 45.8%.
Is Agarwal Industrial's Return-on-Tangible-Equity too high?
Agarwal Industrial's current Return-on-Tangible-Equity of 9.50% is 50% below median its 10-year median of 19.18. Over the past 10 years, this metric has ranged from a low of 6.75 to a high of 26.80. The Chemicals industry median Return-on-Tangible-Equity is 5.88. Agarwal Industrial's value of 9.50% is 61.6% above this industry median. Based on the distribution chart, Agarwal Industrial ranks #719 out of 1570 companies in the Chemicals industry, which is above the industry midpoint. Overall, Agarwal Industrial has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Agarwal Industrial's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Agarwal Industrial ranks #719 out of 1570 companies for Return-on-Tangible-Equity. This puts Agarwal Industrial in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.88. Agarwal Industrial's value of 9.50% is 61.6% above this benchmark. Historically, Agarwal Industrial's own Return-on-Tangible-Equity has ranged from 6.75 to 26.80 over the past decade. While the company's 10-year median is 19.18 vs. the industry median of 5.88, Agarwal Industrial 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.88, based on 1,570 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. Agarwal Industrial's current Return-on-Tangible-Equity of 9.50% is 61.6% 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 Agarwal Industrial and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agarwal Industrial's current Return-on-Tangible-Equity is 9.50%, which is 50% below median its own 10-year median of 19.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agarwal Industrial stock overvalued right now?
Based on GuruFocus' analysis, Agarwal Industrial (NSE:AGARIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹674.68, compared to a current price of ₹514.95 — trading 23.7% below its estimated fair value. The current Return-on-Tangible-Equity is 9.50%, which is 50% below median its 10-year median of 19.18 and 61.6% above the Chemicals industry median of 5.88. Agarwal Industrial's overall GF Score™ is 80/100 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 Agarwal Industrial (NSE:AGARIND), the current Return-on-Tangible-Equity is 9.50% 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.
Is Agarwal Industrial (NSE:AGARIND) Overvalued in 2026?
Based on GuruFocus' analysis, Agarwal Industrial stock appears to be undervalued.
The current stock price of ₹514.95 is trading 23.7% below its estimated GF Value™ of ₹674.68.
GuruFocus considers Agarwal Industrial to be Modestly Undervalued.
Key valuation signals for NSE:AGARIND:
Return-on-Tangible-Equity: 9.50% (50% below median its 10-year median of 19.18)
GF Value™: ₹674.68 vs. price of ₹514.95 (23.7% below fair value)
Industry Position: 61.6% above the Chemicals median (#719 of 1570)
No single metric tells the full story. See the NSE:AGARIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agarwal Industrial Corp Ltd is engaged in manufacturing and trading petrochemicals, Bitumen and Liquefied Petroleum Gas (LPG) logistics, and energy generation through windmills. The company's operating segment includes the Ancillary Infra - Bitumen & Allied products; Logistics and Windmill. It generates maximum revenue from the Ancillary Infra - Bitumen & Allied products segment, including Bituminous and Allied Products. The company's product categories include Paving Grade Bitumen; Industrial Grade Bitumen; Bitumen Emulsion for Road Construction; CRMB: Crumb Rubber Modified Bitumen; Polymer Modified bitumen (PMB); Byproducts/Waterproofing materials; and Bituminous Expansion Jointing Boards.
80GF Score
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