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 Rama Synthetics (India)'s annualized net income for the quarter that ended in Mar. 2026 was ₹2,565 Mil. Indo Rama Synthetics (India)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹5,192 Mil. Therefore, Indo Rama Synthetics (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 49.41%.
The historical rank and industry rank for Indo Rama Synthetics (India)'s Return-on-Tangible-Equity or its related term are showing as below:
NSE:INDORAMA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -136.71 Med: -9.7 Max: 57.69
Current: 33.81
During the past 13 years, Indo Rama Synthetics (India)'s highest Return-on-Tangible-Equity was 57.69%. The lowest was -136.71%. And the median was -9.70%.
NSE:INDORAMA's Return-on-Tangible-Equity is ranked better than 93.18% of 1011
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs NSE:INDORAMA: 33.81
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 Rama Synthetics (India) Return-on-Tangible-Equity Related Terms
Indo Rama Synthetics (India) Return-on-Tangible-Equity Historical Data
* 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.
For the Textile Manufacturing subindustry, Indo Rama Synthetics (India)'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 Rama Synthetics (India) Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Rama Synthetics (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indo Rama Synthetics (India)'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 49.41% mean?
Indo Rama Synthetics (India) (NSE:INDORAMA) has a Return-on-Tangible-Equity of 49.41% 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 Rama Synthetics (India) and its competitors. According to the industry distribution chart, Indo Rama Synthetics (India) ranks #69 out of 1011 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 6.8%.
Is Indo Rama Synthetics (India)'s Return-on-Tangible-Equity too high?
Indo Rama Synthetics (India)'s current Return-on-Tangible-Equity is 49.41%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Indo Rama Synthetics (India)'s value of 49.41% is 1015.3% above this industry median. Based on the distribution chart, Indo Rama Synthetics (India) ranks #69 out of 1011 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Rama Synthetics (India) has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indo Rama Synthetics (India)'s Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Indo Rama Synthetics (India) ranks #69 out of 1011 companies for Return-on-Tangible-Equity. This places Indo Rama Synthetics (India) in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Indo Rama Synthetics (India)'s value of 49.41% is 1015.3% above this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,011 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 Rama Synthetics (India)'s current Return-on-Tangible-Equity of 49.41% is 1015.3% 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 Rama Synthetics (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Rama Synthetics (India)'s current Return-on-Tangible-Equity is 49.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Rama Synthetics (India) stock overvalued right now?
Based on GuruFocus' analysis, Indo Rama Synthetics (India) (NSE:INDORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹59.24, compared to a current price of ₹45.56 — trading 23.1% below its estimated fair value. The current Return-on-Tangible-Equity is 49.41% and 1015.3% above the Manufacturing - Apparel & Accessories industry median of 4.43. Indo Rama Synthetics (India)'s overall GF Score™ is 67/100 with 2 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 Indo Rama Synthetics (India) (NSE:INDORAMA), the current Return-on-Tangible-Equity is 49.41% 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 Indo Rama Synthetics (India) (NSE:INDORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Rama Synthetics (India) stock appears to be undervalued.
The current stock price of ₹45.56 is trading 23.1% below its estimated GF Value™ of ₹59.24.
GuruFocus considers Indo Rama Synthetics (India) to be Modestly Undervalued.
Key valuation signals for NSE:INDORAMA:
Return-on-Tangible-Equity: 49.41%
GF Value™: ₹59.24 vs. price of ₹45.56 (23.1% below fair value)
Industry Position: 1015.3% above the Manufacturing - Apparel & Accessories median (#69 of 1011)
No single metric tells the full story. See the NSE:INDORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Rama Synthetics (India) Ltd is a polyester manufacturer. The company offers products such as Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Draw Texturised Yarn (DTY), Fully Drawn Yarn (FDY), Polyester Chips, and Others. Its only operating segment is the manufacturing and trading of Polyester goods. Geographically, it derives a majority of revenue from India and also has a presence in Turkey, Nepal, and Other overseas countries.
67GF Score
Get the complete analysis for NSE:INDORAMA
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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