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IC Electricals CoNSE:ICELCO +1.35%17 Return-on-Tangible-Equity is 24.88% as of Mar. 2026, which is 27% above its 10-year median of 19.54. GuruFocus rates NSE:ICELCO with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 985 Transportation companies, IC Electricals Co ranks better than 82.44% 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. IC Electricals Co's annualized net income for the quarter that ended in Mar. 2026 was ₹141 Mil. IC Electricals Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹566 Mil. Therefore, IC Electricals Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.88%.
The historical rank and industry rank for IC Electricals Co's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ICELCO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.33 Med: 19.54 Max: 24.88
Current: 24.88
During the past 4 years, IC Electricals Co's highest Return-on-Tangible-Equity was 24.88%. The lowest was 6.33%. And the median was 19.54%.
NSE:ICELCO's Return-on-Tangible-Equity is ranked better than 82.44% of 985
companies
in the Transportation industry
Industry Median: 9.09
vs NSE:ICELCO: 24.88
IC Electricals Co (NSE:ICELCO) 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.
IC Electricals Co Return-on-Tangible-Equity Related Terms
IC Electricals Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IC Electricals Co'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.
IC Electricals Co Return-on-Tangible-Equity Chart
IC Electricals Co Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
6.33
15.79
23.29
24.88
IC Electricals Co Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
6.33
15.79
23.29
24.88
NSE:ICELCO vs UNP, CSX, NSC: Return-on-Tangible-Equity Comparison
For the Railroads subindustry, IC Electricals Co'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.
IC Electricals Co Return-on-Tangible-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, IC Electricals Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IC Electricals Co'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 one times the annual (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 24.88% mean?
IC Electricals Co (NSE:ICELCO) has a Return-on-Tangible-Equity of 24.88% 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 IC Electricals Co and its competitors. This is 27% above median its historical median of 19.54. Over the past decade, IC Electricals Co's Return-on-Tangible-Equity has ranged from 6.33 to 24.88. According to the industry distribution chart, IC Electricals Co ranks #173 out of 985 companies in the Transportation industry, placing it in the top 17.6%.
Is IC Electricals Co's Return-on-Tangible-Equity too high?
IC Electricals Co's current Return-on-Tangible-Equity of 24.88% is 27% above median its 10-year median of 19.54. Over the past 10 years, this metric has ranged from a low of 6.33 to a high of 24.88. The Transportation industry median Return-on-Tangible-Equity is 9.09. IC Electricals Co's value of 24.88% is 173.7% above this industry median. Based on the distribution chart, IC Electricals Co ranks #173 out of 985 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, IC Electricals Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does IC Electricals Co's Return-on-Tangible-Equity compare to UNP and CSX?
According to the Transportation industry distribution chart, IC Electricals Co ranks #173 out of 985 companies for Return-on-Tangible-Equity. This places IC Electricals Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 9.09. IC Electricals Co's value of 24.88% is 173.7% above this benchmark. Historically, IC Electricals Co's own Return-on-Tangible-Equity has ranged from 6.33 to 24.88 over the past decade. While the company's 10-year median is 19.54 vs. the industry median of 9.09, IC Electricals Co 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 Transportation company?
The median Return-on-Tangible-Equity among Transportation companies is 9.09, based on 985 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. IC Electricals Co's current Return-on-Tangible-Equity of 24.88% is 173.7% 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 IC Electricals Co and its competitors. For the Transportation industry, the median Return-on-Tangible-Equity is 9.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Electricals Co's current Return-on-Tangible-Equity is 24.88%, which is 27% above median its own 10-year median of 19.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Electricals Co stock overvalued right now?
IC Electricals Co (NSE:ICELCO) has a current Return-on-Tangible-Equity of 24.88%. The current Return-on-Tangible-Equity is 24.88%, which is 27% above median its 10-year median of 19.54 and 173.7% above the Transportation industry median of 9.09. IC Electricals Co's overall GF Score™ is 17/100 with 3 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 IC Electricals Co (NSE:ICELCO), the current Return-on-Tangible-Equity is 24.88% 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.
IC Electricals Co Ltd is engaged in the business of manufacturing of electronic equipment for Railways Application. Its offerings include various electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards. Additionally, the company also manufactures railway components, including alternators, traction motors, and permanent magnet alternators with controllers. The majority of its revenue is derived from the sale of electronic products to government departments and ministries such as Ministry of Railways.
17GF Score
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