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IIFL Capital ServicesNSE:IIFLCAPS -0.98%82 Return-on-Tangible-Equity is 15.01% as of Mar. 2026, which is 47% below its 10-year median of 28.46. GuruFocus rates NSE:IIFLCAPS with a GF Score™ of 82/100 and a GF Value™ of ₹236.78 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 782 Capital Markets companies, IIFL Capital Services ranks better than 75.83% 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. IIFL Capital Services's annualized net income for the quarter that ended in Mar. 2026 was ₹4,589 Mil. IIFL Capital Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹30,566 Mil. Therefore, IIFL Capital Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.01%.
The historical rank and industry rank for IIFL Capital Services's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IIFLCAPS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 20.14 Med: 28.46 Max: 35.06
Current: 20.14
During the past 10 years, IIFL Capital Services's highest Return-on-Tangible-Equity was 35.06%. The lowest was 20.14%. And the median was 28.46%.
NSE:IIFLCAPS's Return-on-Tangible-Equity is ranked better than 75.83% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs NSE:IIFLCAPS: 20.14
IIFL Capital Services (NSE:IIFLCAPS) 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.
IIFL Capital Services Return-on-Tangible-Equity Related Terms
IIFL Capital Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for IIFL Capital Services'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.
IIFL Capital Services Return-on-Tangible-Equity Chart
NSE:IIFLCAPS vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, IIFL Capital Services'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.
IIFL Capital Services Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IIFL Capital Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IIFL Capital Services'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 15.01% mean?
IIFL Capital Services (NSE:IIFLCAPS) has a Return-on-Tangible-Equity of 15.01% 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 IIFL Capital Services and its competitors. This is 47% below median its historical median of 28.46. Over the past decade, IIFL Capital Services' Return-on-Tangible-Equity has ranged from 20.14 to 35.06. According to the industry distribution chart, IIFL Capital Services ranks #189 out of 782 companies in the Capital Markets industry, placing it in the top 24.2%.
Is IIFL Capital Services' Return-on-Tangible-Equity too high?
IIFL Capital Services' current Return-on-Tangible-Equity of 15.01% is 47% below median its 10-year median of 28.46. Over the past 10 years, this metric has ranged from a low of 20.14 to a high of 35.06. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. IIFL Capital Services' value of 15.01% is 130.2% above this industry median. Based on the distribution chart, IIFL Capital Services ranks #189 out of 782 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, IIFL Capital Services has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IIFL Capital Services' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, IIFL Capital Services ranks #189 out of 782 companies for Return-on-Tangible-Equity. This places IIFL Capital Services in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. IIFL Capital Services' value of 15.01% is 130.2% above this benchmark. Historically, IIFL Capital Services' own Return-on-Tangible-Equity has ranged from 20.14 to 35.06 over the past decade. While the company's 10-year median is 28.46 vs. the industry median of 6.52, IIFL Capital Services 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. IIFL Capital Services's current Return-on-Tangible-Equity of 15.01% is 130.2% 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 IIFL Capital Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IIFL Capital Services's current Return-on-Tangible-Equity is 15.01%, which is 47% below median its own 10-year median of 28.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IIFL Capital Services stock overvalued right now?
Based on GuruFocus' analysis, IIFL Capital Services (NSE:IIFLCAPS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹236.78, compared to a current price of ₹339.60 — trading 43.4% above its estimated fair value. The current Return-on-Tangible-Equity is 15.01%, which is 47% below median its 10-year median of 28.46 and 130.2% above the Capital Markets industry median of 6.52. IIFL Capital Services' overall GF Score™ is 82/100 with 9 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 IIFL Capital Services (NSE:IIFLCAPS), the current Return-on-Tangible-Equity is 15.01% 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 IIFL Capital Services (NSE:IIFLCAPS) Overvalued in 2026?
Based on GuruFocus' analysis, IIFL Capital Services stock appears to be overvalued.
The current stock price of ₹339.60 is trading 43.4% above its estimated GF Value™ of ₹236.78.
GuruFocus considers IIFL Capital Services to be Significantly Overvalued.
Key valuation signals for NSE:IIFLCAPS:
Return-on-Tangible-Equity: 15.01% (47% below median its 10-year median of 28.46)
GF Value™: ₹236.78 vs. price of ₹339.60 (43.4% above fair value)
Industry Position: 130.2% above the Capital Markets median (#189 of 782)
No single metric tells the full story. See the NSE:IIFLCAPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IIFL Capital Services Ltd is engaged in retail broking and financial product distribution. It operates as an independent full-service retail and institutional broking firm in India and provides a range of investment advisory and financial services. Its clients include corporates, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high-net-worth individuals, and retail investors. The company's retail brokerage and financial services include financial planning, equity, commodities and currency broking, depository participant services, portfolio advisory, and other investment products. Its institutional equities business provides broking, research, and corporate access services to institutional clients.
82GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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