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HBL EngineeringNSE:HBLENGINE -1.07%90 Return-on-Tangible-Equity is 11.53% as of Mar. 2026, which is 31% above its 10-year median of 8.82. GuruFocus rates NSE:HBLENGINE with a GF Score™ of 90/100 and a GF Value™ of ₹880.45 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,972 Industrial Products companies, HBL Engineering ranks better than 94.28% 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. HBL Engineering's annualized net income for the quarter that ended in Mar. 2026 was ₹2,550 Mil. HBL Engineering's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹22,123 Mil. Therefore, HBL Engineering's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.53%.
The historical rank and industry rank for HBL Engineering's Return-on-Tangible-Equity or its related term are showing as below:
NSE:HBLENGINE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.88 Med: 8.82 Max: 44.17
Current: 43.12
During the past 13 years, HBL Engineering's highest Return-on-Tangible-Equity was 44.17%. The lowest was 1.88%. And the median was 8.82%.
NSE:HBLENGINE's Return-on-Tangible-Equity is ranked better than 94.28% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs NSE:HBLENGINE: 43.12
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.
HBL Engineering Return-on-Tangible-Equity Related Terms
HBL Engineering Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for HBL Engineering'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:HBLENGINE vs VRT, BE: Return-on-Tangible-Equity Comparison
For the Electrical Equipment & Parts subindustry, HBL Engineering'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.
HBL Engineering Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HBL Engineering's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where HBL Engineering'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 11.53% mean?
HBL Engineering (NSE:HBLENGINE) has a Return-on-Tangible-Equity of 11.53% 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 HBL Engineering and its competitors. This is 31% above median its historical median of 8.82. Over the past decade, HBL Engineering's Return-on-Tangible-Equity has ranged from 1.88 to 44.17. According to the industry distribution chart, HBL Engineering ranks #170 out of 2972 companies in the Industrial Products industry, placing it in the top 5.7%.
Is HBL Engineering's Return-on-Tangible-Equity too high?
HBL Engineering's current Return-on-Tangible-Equity of 11.53% is 31% above median its 10-year median of 8.82. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 44.17. The Industrial Products industry median Return-on-Tangible-Equity is 6.78. HBL Engineering's value of 11.53% is 70.1% above this industry median. Based on the distribution chart, HBL Engineering ranks #170 out of 2972 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, HBL Engineering has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HBL Engineering's Return-on-Tangible-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, HBL Engineering ranks #170 out of 2972 companies for Return-on-Tangible-Equity. This places HBL Engineering in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.78. HBL Engineering's value of 11.53% is 70.1% above this benchmark. Historically, HBL Engineering's own Return-on-Tangible-Equity has ranged from 1.88 to 44.17 over the past decade. While the company's 10-year median is 8.82 vs. the industry median of 6.78, HBL Engineering 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. HBL Engineering's current Return-on-Tangible-Equity of 11.53% is 70.1% 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 HBL Engineering 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. HBL Engineering's current Return-on-Tangible-Equity is 11.53%, which is 31% above median its own 10-year median of 8.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBL Engineering stock overvalued right now?
Based on GuruFocus' analysis, HBL Engineering (NSE:HBLENGINE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹880.45, compared to a current price of ₹704.95 — trading 19.9% below its estimated fair value. The current Return-on-Tangible-Equity is 11.53%, which is 31% above median its 10-year median of 8.82 and 70.1% above the Industrial Products industry median of 6.78. HBL Engineering's overall GF Score™ is 90/100 with 1 warning sign 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 HBL Engineering (NSE:HBLENGINE), the current Return-on-Tangible-Equity is 11.53% 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 HBL Engineering (NSE:HBLENGINE) Overvalued in 2026?
Based on GuruFocus' analysis, HBL Engineering stock appears to be undervalued.
The current stock price of ₹704.95 is trading 19.9% below its estimated GF Value™ of ₹880.45.
GuruFocus considers HBL Engineering to be Modestly Undervalued.
Key valuation signals for NSE:HBLENGINE:
Return-on-Tangible-Equity: 11.53% (31% above median its 10-year median of 8.82)
GF Value™: ₹880.45 vs. price of ₹704.95 (19.9% below fair value)
Industry Position: 70.1% above the Industrial Products median (#170 of 2972)
No single metric tells the full story. See the NSE:HBLENGINE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HBL Engineering Ltd manufactures, assembles, purchases, imports, exports, acquires, develops, and deals in India or abroad in all types of cells, batteries, energy storage devices, conversion and generation devices, appliances, gadgets, solar panels, electronics, electro-mechanical and metallurgical appliances, electro-plating of metals and alloys by electrolytic processes, compounds, cement, oil paints, pigments, and Others. The Company's segments include Industrial batteries, Defense and Aviation batteries, and Electronics segment.
90GF Score
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