Emami Paper MillsNSE:EMAMIPAP -0.69%51 Return-on-Tangible-Equity is 21.91% as of Mar. 2026, which is 118% above its 10-year median of 10.04. GuruFocus rates NSE:EMAMIPAP with a GF Score™ of 51/100 and a GF Value™ of ₹96.53 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 280 Forest Products companies, Emami Paper Mills ranks better than 81.43% 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. Emami Paper Mills's annualized net income for the quarter that ended in Mar. 2026 was ₹1,260 Mil. Emami Paper Mills's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹5,750 Mil. Therefore, Emami Paper Mills's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.91%.
The historical rank and industry rank for Emami Paper Mills's Return-on-Tangible-Equity or its related term are showing as below:
NSE:EMAMIPAP'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.39 Med: 10.04 Max: 19.26
Current: 10.05
During the past 13 years, Emami Paper Mills's highest Return-on-Tangible-Equity was 19.26%. The lowest was -4.39%. And the median was 10.04%.
NSE:EMAMIPAP's Return-on-Tangible-Equity is ranked better than 81.43% of 280
companies
in the Forest Products industry
Industry Median: 2.2
vs NSE:EMAMIPAP: 10.05
Emami Paper Mills (NSE:EMAMIPAP) 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.
Emami Paper Mills Return-on-Tangible-Equity Related Terms
Emami Paper Mills Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Emami Paper Mills'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.
Emami Paper Mills Return-on-Tangible-Equity Competitor Comparison
For the Paper & Paper Products subindustry, Emami Paper Mills'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.
Emami Paper Mills Return-on-Tangible-Equity vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Emami Paper Mills's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Emami Paper Mills'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 21.91% mean?
Emami Paper Mills (NSE:EMAMIPAP) has a Return-on-Tangible-Equity of 21.91% 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 Emami Paper Mills and its competitors. This is 118% above median its historical median of 10.04. According to the industry distribution chart, Emami Paper Mills ranks #52 out of 280 companies in the Forest Products industry, placing it in the top 18.6%.
Is Emami Paper Mills' Return-on-Tangible-Equity too high?
Emami Paper Mills' current Return-on-Tangible-Equity of 21.91% is 118% above median its 10-year median of 10.04. The Forest Products industry median Return-on-Tangible-Equity is 2.20. Emami Paper Mills' value of 21.91% is 895.9% above this industry median. Based on the distribution chart, Emami Paper Mills ranks #52 out of 280 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Emami Paper Mills has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Emami Paper Mills' Return-on-Tangible-Equity compare to competitors?
According to the Forest Products industry distribution chart, Emami Paper Mills ranks #52 out of 280 companies for Return-on-Tangible-Equity. This places Emami Paper Mills in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 2.20. Emami Paper Mills' value of 21.91% is 895.9% above this benchmark. While the company's 10-year median is 10.04 vs. the industry median of 2.20, Emami Paper Mills 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 Forest Products company?
The median Return-on-Tangible-Equity among Forest Products companies is 2.20, based on 280 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. Emami Paper Mills's current Return-on-Tangible-Equity of 21.91% is 895.9% 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 Emami Paper Mills and its competitors. For the Forest Products industry, the median Return-on-Tangible-Equity is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emami Paper Mills's current Return-on-Tangible-Equity is 21.91%, which is 118% above median its own 10-year median of 10.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emami Paper Mills stock overvalued right now?
Based on GuruFocus' analysis, Emami Paper Mills (NSE:EMAMIPAP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹96.53, compared to a current price of ₹86.52 — trading 10.4% below its estimated fair value. The current Return-on-Tangible-Equity is 21.91%, which is 118% above median its 10-year median of 10.04 and 895.9% above the Forest Products industry median of 2.20. Emami Paper Mills' overall GF Score™ is 51/100 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 Emami Paper Mills (NSE:EMAMIPAP), the current Return-on-Tangible-Equity is 21.91% 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 Emami Paper Mills (NSE:EMAMIPAP) Overvalued in 2026?
Based on GuruFocus' analysis, Emami Paper Mills stock appears to be undervalued.
The current stock price of ₹86.52 is trading 10.4% below its estimated GF Value™ of ₹96.53.
GuruFocus considers Emami Paper Mills to be Modestly Undervalued.
Key valuation signals for NSE:EMAMIPAP:
Return-on-Tangible-Equity: 21.91% (118% above median its 10-year median of 10.04)
GF Value™: ₹96.53 vs. price of ₹86.52 (10.4% below fair value)
Industry Position: 895.9% above the Forest Products median (#52 of 280)
No single metric tells the full story. See the NSE:EMAMIPAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emami Paper Mills Ltd is engaged in the manufacturing of paper and paper products. It offers various papers and paper products including newsprint, writing and printing paper, and multilayer-coated board used in pharmaceuticals, healthcare, fast-moving consumer goods, consumer durable goods, and food product industries. The company derives revenue from the sale of paper and paperboard.
51GF Score
Get the complete analysis for NSE:EMAMIPAP
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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