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Indo MIMNSE:INDOMIM -1.08%17 Return-on-Tangible-Equity is 22.50% as of Mar. 2026, which is 3% above its 10-year median of 21.80. GuruFocus rates NSE:INDOMIM with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 2,983 Industrial Products companies, Indo MIM ranks better than 85.99% 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. Indo MIM's annualized net income for the quarter that ended in Mar. 2026 was ₹5,335 Mil. Indo MIM's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹23,716 Mil. Therefore, Indo MIM's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 22.50%.
The historical rank and industry rank for Indo MIM's Return-on-Tangible-Equity or its related term are showing as below:
NSE:INDOMIM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 14.75 Med: 21.8 Max: 24.15
Current: 22.5
During the past 4 years, Indo MIM's highest Return-on-Tangible-Equity was 24.15%. The lowest was 14.75%. And the median was 21.80%.
NSE:INDOMIM's Return-on-Tangible-Equity is ranked better than 85.99% of 2983
companies
in the Industrial Products industry
Industry Median: 7.15
vs NSE:INDOMIM: 22.50
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.
Indo MIM Return-on-Tangible-Equity Related Terms
Indo MIM Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Indo MIM'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.
Indo MIM Return-on-Tangible-Equity Chart
Indo MIM Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
24.15
14.75
21.09
22.50
Indo MIM Semi-Annual Data
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
24.15
14.75
21.09
22.50
NSE:INDOMIM vs ATI, CRS, MLI: Return-on-Tangible-Equity Comparison
For the Metal Fabrication subindustry, Indo MIM'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.
Indo MIM Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Indo MIM's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indo MIM'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 22.50% mean?
Indo MIM (NSE:INDOMIM) has a Return-on-Tangible-Equity of 22.50% 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 Indo MIM and its competitors. This is near median its historical median of 21.80. Over the past decade, Indo MIM's Return-on-Tangible-Equity has ranged from 14.75 to 24.15. According to the industry distribution chart, Indo MIM ranks #418 out of 2983 companies in the Industrial Products industry, placing it in the top 14%.
Is Indo MIM's Return-on-Tangible-Equity too high?
Indo MIM's current Return-on-Tangible-Equity of 22.50% is near median its 10-year median of 21.80. Over the past 10 years, this metric has ranged from a low of 14.75 to a high of 24.15. The Industrial Products industry median Return-on-Tangible-Equity is 7.15. Indo MIM's value of 22.50% is 214.7% above this industry median. Based on the distribution chart, Indo MIM ranks #418 out of 2983 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Indo MIM has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Indo MIM's Return-on-Tangible-Equity compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Indo MIM ranks #418 out of 2983 companies for Return-on-Tangible-Equity. This places Indo MIM in the top 14% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.15. Indo MIM's value of 22.50% is 214.7% above this benchmark. Historically, Indo MIM's own Return-on-Tangible-Equity has ranged from 14.75 to 24.15 over the past decade. While the company's 10-year median is 21.80 vs. the industry median of 7.15, Indo MIM 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 7.15, based on 2,983 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. Indo MIM's current Return-on-Tangible-Equity of 22.50% is 214.7% 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 Indo MIM and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 7.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo MIM's current Return-on-Tangible-Equity is 22.50%, which is near median its own 10-year median of 21.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo MIM stock overvalued right now?
Indo MIM (NSE:INDOMIM) has a current Return-on-Tangible-Equity of 22.50%. The current Return-on-Tangible-Equity is 22.50%, which is near median its 10-year median of 21.80 and 214.7% above the Industrial Products industry median of 7.15. Indo MIM's overall GF Score™ is 17/100 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 Indo MIM (NSE:INDOMIM), the current Return-on-Tangible-Equity is 22.50% 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.
Indo MIM Ltd is engaged in the business of manufacturing and trading of precision engineered metal products using metal injection molding (MIM) technology. Its capabilities include mold designing and tooling, finishing, and assembly operations. It also uses investment casting, precision machining, ceramic injection molding, and metal 3D printing technologies. Its products serve the automotive, defense, medical, consumer, and aerospace sectors. The majority of the company's revenue is derived from the sale of its products outside India, by exporting to North America, Europe and South East Asia.
17GF Score
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