Exide IndustriesNSE:EXIDEIND -0.66%87 Return-on-Tangible-Equity is 6.34% as of Mar. 2026, which is 53% below its 10-year median of 13.45. GuruFocus rates NSE:EXIDEIND with a GF Score™ of 87/100 and a GF Value™ of ₹390.68 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,285 Vehicles & Parts companies, Exide Industries ranks worse than 55.64% 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. Exide Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹8,610 Mil. Exide Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹135,750 Mil. Therefore, Exide Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.34%.
The historical rank and industry rank for Exide Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:EXIDEIND'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.06 Med: 13.45 Max: 51.27
Current: 6.16
During the past 13 years, Exide Industries's highest Return-on-Tangible-Equity was 51.27%. The lowest was 6.06%. And the median was 13.45%.
NSE:EXIDEIND's Return-on-Tangible-Equity is ranked worse than 55.64% of 1285
companies
in the Vehicles & Parts industry
Industry Median: 7.47
vs NSE:EXIDEIND: 6.16
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.
Exide Industries Return-on-Tangible-Equity Related Terms
Exide Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Exide 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.
NSE:EXIDEIND vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Exide 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.
Exide Industries Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Exide Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Exide 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 6.34% mean?
Exide Industries (NSE:EXIDEIND) has a Return-on-Tangible-Equity of 6.34% 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 Exide Industries and its competitors. This is 53% below median its historical median of 13.45. Over the past decade, Exide Industries' Return-on-Tangible-Equity has ranged from 6.06 to 51.27. According to the industry distribution chart, Exide Industries ranks #715 out of 1285 companies in the Vehicles & Parts industry, placing it in the top 55.6%.
Is Exide Industries' Return-on-Tangible-Equity too high?
Exide Industries' current Return-on-Tangible-Equity of 6.34% is 53% below median its 10-year median of 13.45. Over the past 10 years, this metric has ranged from a low of 6.06 to a high of 51.27. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.47. Exide Industries' value of 6.34% is 15.1% below this industry median. Based on the distribution chart, Exide Industries ranks #715 out of 1285 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Exide Industries has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exide Industries' Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Exide Industries ranks #715 out of 1285 companies for Return-on-Tangible-Equity. This places Exide Industries in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.47. Exide Industries' value of 6.34% is 15.1% below this benchmark. Historically, Exide Industries' own Return-on-Tangible-Equity has ranged from 6.06 to 51.27 over the past decade. While the company's 10-year median is 13.45 vs. the industry median of 7.47, Exide 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.47, based on 1,285 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. Exide Industries's current Return-on-Tangible-Equity of 6.34% is 15.1% 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 Exide Industries and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exide Industries's current Return-on-Tangible-Equity is 6.34%, which is 53% below median its own 10-year median of 13.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exide Industries stock overvalued right now?
Based on GuruFocus' analysis, Exide Industries (NSE:EXIDEIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹390.68, compared to a current price of ₹416.60 — trading 6.6% above its estimated fair value. The current Return-on-Tangible-Equity is 6.34%, which is 53% below median its 10-year median of 13.45 and 15.1% below the Vehicles & Parts industry median of 7.47. Exide Industries' overall GF Score™ is 87/100 with 9 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 Exide Industries (NSE:EXIDEIND), the current Return-on-Tangible-Equity is 6.34% 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 Exide Industries (NSE:EXIDEIND) Overvalued in 2026?
Based on GuruFocus' analysis, Exide Industries stock appears to be overvalued.
The current stock price of ₹416.60 is trading 6.6% above its estimated GF Value™ of ₹390.68.
GuruFocus considers Exide Industries to be Fairly Valued.
Key valuation signals for NSE:EXIDEIND:
Return-on-Tangible-Equity: 6.34% (53% below median its 10-year median of 13.45)
GF Value™: ₹390.68 vs. price of ₹416.60 (6.6% above fair value)
Industry Position: 15.1% below the Vehicles & Parts median (#715 of 1285)
No single metric tells the full story. See the NSE:EXIDEIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exide Industries Ltd is mainly engaged in the manufacturing of Storage Batteries and allied products in India. The company's products are Four Wheeler Batteries, Three Wheeler Batteries, Two Wheeler Batteries, E-Rickshaw Batteries, INVERTER SYSTEMS, Inverter Batteries, Institutional UPS Batteries, GENSET BATTERIES, Exide's Solar Portfolio, INFRASTRUCTURE BATTERIES, Battery Energy Storage Solution, SUBMARINE BATTERIES, etc. The Company has identified two operating segments viz, Automotive and Industrial. The two operating segments have been aggregated as single operating segment of storage batteries and allied products. The The Company mainly operates in India and also generates majority of revenue from India followed by Overseas.
87GF Score
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