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. Girnar Spintex Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹7 Mil. Girnar Spintex Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹461 Mil. Therefore, Girnar Spintex Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 1.46%.
The historical rank and industry rank for Girnar Spintex Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ASIL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -66.47 Med: 5.08 Max: 26.21
Current: 8.7
During the past 13 years, Girnar Spintex Industries's highest Return-on-Tangible-Equity was 26.21%. The lowest was -66.47%. And the median was 5.08%.
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.
Girnar Spintex Industries Return-on-Tangible-Equity Related Terms
Girnar Spintex Industries Return-on-Tangible-Equity Historical Data
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The historical data trend for Girnar Spintex Industries'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, Girnar Spintex Industries'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.
Girnar Spintex Industries Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Girnar Spintex Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Girnar Spintex Industries'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 1.46% mean?
Girnar Spintex Industries (NSE:ASIL) has a Return-on-Tangible-Equity of 1.46% 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 Girnar Spintex Industries and its competitors. This is 71% below median its historical median of 5.08.
Is Girnar Spintex Industries' Return-on-Tangible-Equity too high?
Girnar Spintex Industries' current Return-on-Tangible-Equity of 1.46% is 71% below median its 10-year median of 5.08. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.47. Girnar Spintex Industries' value of 1.46% is 67.3% below this industry median.
How does Girnar Spintex Industries' Return-on-Tangible-Equity compare to competitors?
Girnar Spintex Industries' Return-on-Tangible-Equity of 1.46% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Return-on-Tangible-Equity is 4.47. Girnar Spintex Industries' value of 1.46% is 67.3% below this benchmark. While the company's 10-year median is 5.08 vs. the industry median of 4.47, Girnar Spintex Industries has consistently been below 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 4.47, based on 1,016 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. Girnar Spintex Industries's current Return-on-Tangible-Equity of 1.46% is 67.3% below 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 Girnar Spintex Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Girnar Spintex Industries's current Return-on-Tangible-Equity is 1.46%, which is 71% below median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Girnar Spintex Industries stock overvalued right now?
Girnar Spintex Industries (NSE:ASIL) has a current Return-on-Tangible-Equity of 1.46%. The stock's GF Value™ is ₹2.18, compared to a current price of ₹0.70 — trading 67.9% below its estimated fair value. The current Return-on-Tangible-Equity is 1.46%, which is 71% below median its 10-year median of 5.08 and 67.3% below the Manufacturing - Apparel & Accessories industry median of 4.47. 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 Girnar Spintex Industries (NSE:ASIL), the current Return-on-Tangible-Equity is 1.46% 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.
Girnar Spintex Industries Ltd is an India-based company engaged in the business of spinning mills. It earns revenues from cotton sales, fabric sales, waste sales, and yarn sales. The company generates a majority of its revenues from yarn sales.
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