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Finolex CablesNSE:FINCABLES +2.16%96 Return-on-Tangible-Equity is 14.76% as of Mar. 2026, which is 4% above its 10-year median of 14.19. GuruFocus rates NSE:FINCABLES with a GF Score™ of 96/100 and a GF Value™ of ₹1,288.34 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,972 Industrial Products companies, Finolex Cables ranks better than 71.16% 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. Finolex Cables's annualized net income for the quarter that ended in Mar. 2026 was ₹8,977 Mil. Finolex Cables's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹60,832 Mil. Therefore, Finolex Cables's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 14.76%.
The historical rank and industry rank for Finolex Cables's Return-on-Tangible-Equity or its related term are showing as below:
NSE:FINCABLES'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 12.16 Med: 14.19 Max: 20.45
Current: 12.39
During the past 13 years, Finolex Cables's highest Return-on-Tangible-Equity was 20.45%. The lowest was 12.16%. And the median was 14.19%.
NSE:FINCABLES's Return-on-Tangible-Equity is ranked better than 71.16% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs NSE:FINCABLES: 12.39
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.
Finolex Cables Return-on-Tangible-Equity Related Terms
Finolex Cables Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Finolex Cables'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:FINCABLES vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, Finolex Cables'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.
Finolex Cables Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Finolex Cables's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Finolex Cables'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 14.76% mean?
Finolex Cables (NSE:FINCABLES) has a Return-on-Tangible-Equity of 14.76% 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 Finolex Cables and its competitors. This is near median its historical median of 14.19. Over the past decade, Finolex Cables' Return-on-Tangible-Equity has ranged from 12.16 to 20.45. According to the industry distribution chart, Finolex Cables ranks #857 out of 2972 companies in the Industrial Products industry, placing it in the top 28.8%.
Is Finolex Cables' Return-on-Tangible-Equity too high?
Finolex Cables' current Return-on-Tangible-Equity of 14.76% is near median its 10-year median of 14.19. Over the past 10 years, this metric has ranged from a low of 12.16 to a high of 20.45. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. Finolex Cables' value of 14.76% is 117.7% above this industry median. Based on the distribution chart, Finolex Cables ranks #857 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Finolex Cables has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Finolex Cables' Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Finolex Cables ranks #857 out of 2972 companies for Return-on-Tangible-Equity. This puts Finolex Cables in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.78. Finolex Cables' value of 14.76% is 117.7% above this benchmark. Historically, Finolex Cables' own Return-on-Tangible-Equity has ranged from 12.16 to 20.45 over the past decade. While the company's 10-year median is 14.19 vs. the industry median of 6.78, Finolex Cables 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,972 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. Finolex Cables's current Return-on-Tangible-Equity of 14.76% is 117.7% 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 Finolex Cables and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finolex Cables's current Return-on-Tangible-Equity is 14.76%, which is near median its own 10-year median of 14.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finolex Cables stock overvalued right now?
Based on GuruFocus' analysis, Finolex Cables (NSE:FINCABLES) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,288.34, compared to a current price of ₹998.90 — trading 22.5% below its estimated fair value. The current Return-on-Tangible-Equity is 14.76%, which is near median its 10-year median of 14.19 and 117.7% above the Industrial Products industry median of 6.78. Finolex Cables' overall GF Score™ is 96/100 with 4 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 Finolex Cables (NSE:FINCABLES), the current Return-on-Tangible-Equity is 14.76% 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 Finolex Cables (NSE:FINCABLES) Overvalued in 2026?
Based on GuruFocus' analysis, Finolex Cables stock appears to be undervalued.
The current stock price of ₹998.90 is trading 22.5% below its estimated GF Value™ of ₹1,288.34.
GuruFocus considers Finolex Cables to be Modestly Undervalued.
Key valuation signals for NSE:FINCABLES:
Return-on-Tangible-Equity: 14.76% (near median its 10-year median of 14.19)
GF Value™: ₹1,288.34 vs. price of ₹998.90 (22.5% below fair value)
Industry Position: 117.7% above the Industrial Products median (#857 of 2972)
No single metric tells the full story. See the NSE:FINCABLES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods, and Others - Trading of Electrical and other goods. It derives a majority of its revenue from the Electrical cables segment. The group offers products like wires and cables, optical fibre cables, switches, LED lightings, fans, MCBs, water heaters, and other products. Geographically, the company caters to both the Indian and the international markets of which, a majority of its revenue is derived from its business in India.
96GF Score
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