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Indian EmulsifiersNSE:IEML -0.24%17 Return-on-Tangible-Equity is 9.92% as of Mar. 2026, which is 48% below its 10-year median of 19.12. GuruFocus rates NSE:IEML with a GF Score™ of 17/100. The stock has 6 warning signs investors should review. Among 1,568 Chemicals companies, Indian Emulsifiers ranks better than 82.59% 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. Indian Emulsifiers's annualized net income for the quarter that ended in Mar. 2026 was ₹119 Mil. Indian Emulsifiers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,197 Mil. Therefore, Indian Emulsifiers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.92%.
The historical rank and industry rank for Indian Emulsifiers's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IEML'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -58.73 Med: 19.12 Max: 43.59
Current: 15.12
During the past 6 years, Indian Emulsifiers's highest Return-on-Tangible-Equity was 43.59%. The lowest was -58.73%. And the median was 19.12%.
NSE:IEML's Return-on-Tangible-Equity is ranked better than 82.59% of 1568
companies
in the Chemicals industry
Industry Median: 5.785
vs NSE:IEML: 15.12
Indian Emulsifiers (NSE:IEML) 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.
Indian Emulsifiers Return-on-Tangible-Equity Related Terms
Indian Emulsifiers Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Indian Emulsifiers'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.
Indian Emulsifiers Return-on-Tangible-Equity Chart
NSE:IEML vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Indian Emulsifiers'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.
Indian Emulsifiers Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Indian Emulsifiers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indian Emulsifiers'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 two times the semi-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 9.92% mean?
Indian Emulsifiers (NSE:IEML) has a Return-on-Tangible-Equity of 9.92% 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 Indian Emulsifiers and its competitors. This is 48% below median its historical median of 19.12. According to the industry distribution chart, Indian Emulsifiers ranks #273 out of 1568 companies in the Chemicals industry, placing it in the top 17.4%.
Is Indian Emulsifiers' Return-on-Tangible-Equity too high?
Indian Emulsifiers' current Return-on-Tangible-Equity of 9.92% is 48% below median its 10-year median of 19.12. The Chemicals industry median Return-on-Tangible-Equity is 5.79. Indian Emulsifiers' value of 9.92% is 71.5% above this industry median. Based on the distribution chart, Indian Emulsifiers ranks #273 out of 1568 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Emulsifiers has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Indian Emulsifiers' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Indian Emulsifiers ranks #273 out of 1568 companies for Return-on-Tangible-Equity. This places Indian Emulsifiers in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.79. Indian Emulsifiers' value of 9.92% is 71.5% above this benchmark. While the company's 10-year median is 19.12 vs. the industry median of 5.79, Indian Emulsifiers 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.79, based on 1,568 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. Indian Emulsifiers's current Return-on-Tangible-Equity of 9.92% is 71.5% 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 Indian Emulsifiers and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Emulsifiers's current Return-on-Tangible-Equity is 9.92%, which is 48% below median its own 10-year median of 19.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Emulsifiers stock overvalued right now?
Indian Emulsifiers (NSE:IEML) has a current Return-on-Tangible-Equity of 9.92%. The current Return-on-Tangible-Equity is 9.92%, which is 48% below median its 10-year median of 19.12 and 71.5% above the Chemicals industry median of 5.79. Indian Emulsifiers' overall GF Score™ is 17/100 with 6 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 Indian Emulsifiers (NSE:IEML), the current Return-on-Tangible-Equity is 9.92% 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.
Indian Emulsifiers Ltd is engaged in Manufacturing and Supplying of Specialty Chemicals. Its product include Esters, Amphoterics, Phosphate Esters, Imidazolines, Wax Emulsions, SMO & PIBSA Emulsifiers. The company serves specialty chemicals to wide range of industries such as Mining, Textile, Cleaning Industry, Metal Working, Lubricants, Food and Other Industries.
17GF Score
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