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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. Gandhar Oil Refinery (India)'s annualized net income for the quarter that ended in Jun. 2026 was ₹7,692 Mil. Gandhar Oil Refinery (India)'s average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹13,511 Mil. Therefore, Gandhar Oil Refinery (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 56.93%.
The historical rank and industry rank for Gandhar Oil Refinery (India)'s Return-on-Tangible-Equity or its related term are showing as below:
NSE:GANDHAR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.66 Med: 22.24 Max: 41.12
Current: 23.34
During the past 6 years, Gandhar Oil Refinery (India)'s highest Return-on-Tangible-Equity was 41.12%. The lowest was 6.66%. And the median was 22.24%.
NSE:GANDHAR's Return-on-Tangible-Equity is ranked better than 81.87% of 943
companies
in the Oil & Gas industry
Industry Median: 6.74
vs NSE:GANDHAR: 23.34
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.
Gandhar Oil Refinery (India) Return-on-Tangible-Equity Related Terms
Gandhar Oil Refinery (India) Return-on-Tangible-Equity Historical Data
* 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:GANDHAR vs MPC, VLO, PSX: Return-on-Tangible-Equity Comparison
For the Oil & Gas Refining & Marketing subindustry, Gandhar Oil Refinery (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.
Gandhar Oil Refinery (India) Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gandhar Oil Refinery (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Gandhar Oil Refinery (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 56.93% mean?
Gandhar Oil Refinery (India) (NSE:GANDHAR) has a Return-on-Tangible-Equity of 56.93% 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 Gandhar Oil Refinery (India) and its competitors. This is 156% above median its historical median of 22.24. Over the past decade, Gandhar Oil Refinery (India)'s Return-on-Tangible-Equity has ranged from 6.66 to 41.12. According to the industry distribution chart, Gandhar Oil Refinery (India) ranks #171 out of 943 companies in the Oil & Gas industry, placing it in the top 18.1%.
Is Gandhar Oil Refinery (India)'s Return-on-Tangible-Equity too high?
Gandhar Oil Refinery (India)'s current Return-on-Tangible-Equity of 56.93% is 156% above median its 10-year median of 22.24. Over the past 10 years, this metric has ranged from a low of 6.66 to a high of 41.12. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Gandhar Oil Refinery (India)'s value of 56.93% is 744.7% above this industry median. Based on the distribution chart, Gandhar Oil Refinery (India) ranks #171 out of 943 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Gandhar Oil Refinery (India) has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gandhar Oil Refinery (India)'s Return-on-Tangible-Equity compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Gandhar Oil Refinery (India) ranks #171 out of 943 companies for Return-on-Tangible-Equity. This places Gandhar Oil Refinery (India) in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.74. Gandhar Oil Refinery (India)'s value of 56.93% is 744.7% above this benchmark. Historically, Gandhar Oil Refinery (India)'s own Return-on-Tangible-Equity has ranged from 6.66 to 41.12 over the past decade. While the company's 10-year median is 22.24 vs. the industry median of 6.74, Gandhar Oil Refinery (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 an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.74, based on 943 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. Gandhar Oil Refinery (India)'s current Return-on-Tangible-Equity of 56.93% is 744.7% 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 Gandhar Oil Refinery (India) and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gandhar Oil Refinery (India)'s current Return-on-Tangible-Equity is 56.93%, which is 156% above median its own 10-year median of 22.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gandhar Oil Refinery (India) stock overvalued right now?
Based on GuruFocus' analysis, Gandhar Oil Refinery (India) (NSE:GANDHAR) is currently considered Fairly Valued. The stock's GF Value™ is ₹218.31, compared to a current price of ₹223.25 — trading 2.3% above its estimated fair value. The current Return-on-Tangible-Equity is 56.93%, which is 156% above median its 10-year median of 22.24 and 744.7% above the Oil & Gas industry median of 6.74. Gandhar Oil Refinery (India)'s overall GF Score™ is 61/100 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 Gandhar Oil Refinery (India) (NSE:GANDHAR), the current Return-on-Tangible-Equity is 56.93% 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.
Is Gandhar Oil Refinery (India) (NSE:GANDHAR) Overvalued in 2026?
Based on GuruFocus' analysis, Gandhar Oil Refinery (India) stock appears to be overvalued.
The current stock price of ₹223.25 is trading 2.3% above its estimated GF Value™ of ₹218.31.
GuruFocus considers Gandhar Oil Refinery (India) to be Fairly Valued.
Key valuation signals for NSE:GANDHAR:
Return-on-Tangible-Equity: 56.93% (156% above median its 10-year median of 22.24)
GF Value™: ₹218.31 vs. price of ₹223.25 (2.3% above fair value)
Industry Position: 744.7% above the Oil & Gas median (#171 of 943)
No single metric tells the full story. See the NSE:GANDHAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The company has only one reportable segment: petroleum products - specialty oils. The geographical segments include the Domestic Market and Overseas Markets.
61GF Score
Get the complete analysis for NSE:GANDHAR
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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