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Carraro IndiaNSE:CARRARO -0.06%19 Return-on-Tangible-Equity is 23.24% as of Jun. 2026, which is 25% above its 10-year median of 18.56. GuruFocus rates NSE:CARRARO with a GF Score™ of 19/100. Among 1,281 Vehicles & Parts companies, Carraro India ranks better than 88.6% 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. Carraro India's annualized net income for the quarter that ended in Jun. 2026 was ₹1,255 Mil. Carraro India's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹5,403 Mil. Therefore, Carraro India's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 23.24%.
The historical rank and industry rank for Carraro India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:CARRARO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.81 Med: 18.56 Max: 27.68
Current: 27.68
During the past 5 years, Carraro India's highest Return-on-Tangible-Equity was 27.68%. The lowest was 7.81%. And the median was 18.56%.
NSE:CARRARO's Return-on-Tangible-Equity is ranked better than 88.6% of 1281
companies
in the Vehicles & Parts industry
Industry Median: 8.17
vs NSE:CARRARO: 27.68
Carraro India (NSE:CARRARO) 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.
Carraro India Return-on-Tangible-Equity Related Terms
Carraro India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Carraro India'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:CARRARO vs ORLY, AZO, GPC: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Carraro India'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.
Carraro India Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Carraro India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Carraro India'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 23.24% mean?
Carraro India (NSE:CARRARO) has a Return-on-Tangible-Equity of 23.24% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Carraro India and its competitors. This is 25% above median its historical median of 18.56. Over the past decade, Carraro India's Return-on-Tangible-Equity has ranged from 7.81 to 27.68. According to the industry distribution chart, Carraro India ranks #146 out of 1281 companies in the Vehicles & Parts industry, placing it in the top 11.4%.
Is Carraro India's Return-on-Tangible-Equity too high?
Carraro India's current Return-on-Tangible-Equity of 23.24% is 25% above median its 10-year median of 18.56. Over the past 10 years, this metric has ranged from a low of 7.81 to a high of 27.68. The Vehicles & Parts industry median Return-on-Tangible-Equity is 8.17. Carraro India's value of 23.24% is 184.5% above this industry median. Based on the distribution chart, Carraro India ranks #146 out of 1281 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Carraro India has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Carraro India's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Carraro India ranks #146 out of 1281 companies for Return-on-Tangible-Equity. This places Carraro India in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.17. Carraro India's value of 23.24% is 184.5% above this benchmark. Historically, Carraro India's own Return-on-Tangible-Equity has ranged from 7.81 to 27.68 over the past decade. While the company's 10-year median is 18.56 vs. the industry median of 8.17, Carraro India 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 8.17, based on 1,281 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. Carraro India's current Return-on-Tangible-Equity of 23.24% is 184.5% 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 Carraro India and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 8.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carraro India's current Return-on-Tangible-Equity is 23.24%, which is 25% above median its own 10-year median of 18.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carraro India stock overvalued right now?
Carraro India (NSE:CARRARO) has a current Return-on-Tangible-Equity of 23.24%. The current Return-on-Tangible-Equity is 23.24%, which is 25% above median its 10-year median of 18.56 and 184.5% above the Vehicles & Parts industry median of 8.17. Carraro India's overall GF Score™ is 19/100. 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 Carraro India (NSE:CARRARO), the current Return-on-Tangible-Equity is 23.24% as of Jun. 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.
Carraro India Ltd is a technology-driven integrated supplier that develops complex engineering products and solutions for its original equipment manufacturer (OEM) customers. The company manufactures and sells axles and transmission systems for agricultural tractors and construction vehicles such as backhoe loaders, soil compactors, cranes, self-loading concrete mixers, and small motor graders. It also provides after-sale services and supplies spare parts mainly to Indian customers. The company operates in two geographical environments; India which is its key revenue-generating market, and outside India.
19GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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