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.
CSL FinanceNSE:CSLFINANCE -1.49%76 Return-on-Tangible-Equity is 12.51% as of Mar. 2026, which is 2% below its 10-year median of 12.75. GuruFocus rates NSE:CSLFINANCE with a GF Score™ of 76/100 and a GF Value™ of ₹443.39 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 525 Credit Services companies, CSL Finance ranks better than 76.19% 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. CSL Finance's annualized net income for the quarter that ended in Mar. 2026 was ₹777 Mil. CSL Finance's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,208 Mil. Therefore, CSL Finance's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 12.51%.
The historical rank and industry rank for CSL Finance's Return-on-Tangible-Equity or its related term are showing as below:
NSE:CSLFINANCE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.14 Med: 12.75 Max: 15.45
Current: 14.83
During the past 13 years, CSL Finance's highest Return-on-Tangible-Equity was 15.45%. The lowest was 10.14%. And the median was 12.75%.
NSE:CSLFINANCE's Return-on-Tangible-Equity is ranked better than 76.19% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs NSE:CSLFINANCE: 14.83
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.
CSL Finance Return-on-Tangible-Equity Related Terms
CSL Finance Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for CSL Finance'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:CSLFINANCE vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, CSL Finance'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.
CSL Finance Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, CSL Finance's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CSL Finance'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 12.51% mean?
CSL Finance (NSE:CSLFINANCE) has a Return-on-Tangible-Equity of 12.51% 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 CSL Finance and its competitors. This is near median its historical median of 12.75. Over the past decade, CSL Finance's Return-on-Tangible-Equity has ranged from 10.14 to 15.45. According to the industry distribution chart, CSL Finance ranks #125 out of 525 companies in the Credit Services industry, placing it in the top 23.8%.
Is CSL Finance's Return-on-Tangible-Equity too high?
CSL Finance's current Return-on-Tangible-Equity of 12.51% is near median its 10-year median of 12.75. Over the past 10 years, this metric has ranged from a low of 10.14 to a high of 15.45. The Credit Services industry median Return-on-Tangible-Equity is 7.01. CSL Finance's value of 12.51% is 78.5% above this industry median. Based on the distribution chart, CSL Finance ranks #125 out of 525 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, CSL Finance has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CSL Finance's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, CSL Finance ranks #125 out of 525 companies for Return-on-Tangible-Equity. This places CSL Finance in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.01. CSL Finance's value of 12.51% is 78.5% above this benchmark. Historically, CSL Finance's own Return-on-Tangible-Equity has ranged from 10.14 to 15.45 over the past decade. While the company's 10-year median is 12.75 vs. the industry median of 7.01, CSL Finance 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. CSL Finance's current Return-on-Tangible-Equity of 12.51% is 78.5% 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 CSL Finance and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSL Finance's current Return-on-Tangible-Equity is 12.51%, which is near median its own 10-year median of 12.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSL Finance stock overvalued right now?
Based on GuruFocus' analysis, CSL Finance (NSE:CSLFINANCE) is currently considered Possible Value Trap. The stock's GF Value™ is ₹443.39, compared to a current price of ₹217.87 — trading 50.9% below its estimated fair value. The current Return-on-Tangible-Equity is 12.51%, which is near median its 10-year median of 12.75 and 78.5% above the Credit Services industry median of 7.01. CSL Finance's overall GF Score™ is 76/100 with 7 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 CSL Finance (NSE:CSLFINANCE), the current Return-on-Tangible-Equity is 12.51% 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 CSL Finance (NSE:CSLFINANCE) Overvalued in 2026?
Based on GuruFocus' analysis, CSL Finance stock appears to be undervalued.
The current stock price of ₹217.87 is trading 50.9% below its estimated GF Value™ of ₹443.39.
GuruFocus considers CSL Finance to be Possible Value Trap.
Key valuation signals for NSE:CSLFINANCE:
Return-on-Tangible-Equity: 12.51% (near median its 10-year median of 12.75)
GF Value™: ₹443.39 vs. price of ₹217.87 (50.9% below fair value)
Industry Position: 78.5% above the Credit Services median (#125 of 525)
No single metric tells the full story. See the NSE:CSLFINANCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CSL Finance Ltd operates as a non-banking financial institution. The business activity of the company is to offer secured and unsecured lending to small and medium-size business units to fulfil their financial needs. The company's business is classified into two broader segments of SME business and Wholesale business. SME business is mainly focused on micro and small business loans to various business entities, which is secured mostly against self-occupied Residential or Commercial properties. Wholesale business is focused on big ticket size loans for the working capital requirement of businesses. The primary revenue source of the company is interest income. The company operates within India.
76GF Score
Get the complete analysis for NSE:CSLFINANCE
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
NSE:CSLFINANCE has been successfully added to your 
