Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
INOX Green Energy ServicesNSE:INOXGREEN +3.74%75 Return-on-Tangible-Equity is 6.55% as of Mar. 2026, which is 2520% above its 10-year median of 0.25. GuruFocus rates NSE:INOXGREEN with a GF Score™ of 75/100 and a GF Value™ of ₹173.34 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 429 Utilities - Independent Power Producers companies, INOX Green Energy Services ranks better than 52.21% 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. INOX Green Energy Services's annualized net income for the quarter that ended in Mar. 2026 was ₹1,112 Mil. INOX Green Energy Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹16,970 Mil. Therefore, INOX Green Energy Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.55%.
The historical rank and industry rank for INOX Green Energy Services's Return-on-Tangible-Equity or its related term are showing as below:
NSE:INOXGREEN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.73 Med: 0.25 Max: 5.6
Current: 5.42
During the past 7 years, INOX Green Energy Services's highest Return-on-Tangible-Equity was 5.60%. The lowest was -11.73%. And the median was 0.25%.
NSE:INOXGREEN's Return-on-Tangible-Equity is ranked better than 52.21% of 429
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.78
vs NSE:INOXGREEN: 5.42
INOX Green Energy Services (NSE:INOXGREEN) 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.
INOX Green Energy Services Return-on-Tangible-Equity Related Terms
INOX Green Energy Services 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.
INOX Green Energy Services Return-on-Tangible-Equity Chart
INOX Green Energy Services Return-on-Tangible-Equity Competitor Comparison
For the Utilities - Renewable subindustry, INOX Green Energy 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.
INOX Green Energy Services Return-on-Tangible-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, INOX Green Energy Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where INOX Green Energy 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 6.55% mean?
INOX Green Energy Services (NSE:INOXGREEN) has a Return-on-Tangible-Equity of 6.55% 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 INOX Green Energy Services and its competitors. This is 2520% above median its historical median of 0.25. According to the industry distribution chart, INOX Green Energy Services ranks #205 out of 429 companies in the Utilities - Independent Power Producers industry, placing it in the top 47.8%.
Is INOX Green Energy Services' Return-on-Tangible-Equity too high?
INOX Green Energy Services' current Return-on-Tangible-Equity of 6.55% is 2520% above median its 10-year median of 0.25. The Utilities - Independent Power Producers industry median Return-on-Tangible-Equity is 4.78. INOX Green Energy Services' value of 6.55% is 37% above this industry median. Based on the distribution chart, INOX Green Energy Services ranks #205 out of 429 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, INOX Green Energy Services has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does INOX Green Energy Services' Return-on-Tangible-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, INOX Green Energy Services ranks #205 out of 429 companies for Return-on-Tangible-Equity. This puts INOX Green Energy Services in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.78. INOX Green Energy Services' value of 6.55% is 37% above this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 4.78, INOX Green Energy 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 an Utilities - Independent Power Producers company?
The median Return-on-Tangible-Equity among Utilities - Independent Power Producers companies is 4.78, based on 429 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. INOX Green Energy Services's current Return-on-Tangible-Equity of 6.55% is 37% 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 INOX Green Energy Services and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Equity is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INOX Green Energy Services's current Return-on-Tangible-Equity is 6.55%, which is 2520% above median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INOX Green Energy Services stock overvalued right now?
Based on GuruFocus' analysis, INOX Green Energy Services (NSE:INOXGREEN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹173.34, compared to a current price of ₹199.05 — trading 14.8% above its estimated fair value. The current Return-on-Tangible-Equity is 6.55%, which is 2520% above median its 10-year median of 0.25 and 37% above the Utilities - Independent Power Producers industry median of 4.78. INOX Green Energy Services' overall GF Score™ is 75/100 with 5 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 INOX Green Energy Services (NSE:INOXGREEN), the current Return-on-Tangible-Equity is 6.55% 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 INOX Green Energy Services (NSE:INOXGREEN) Overvalued in 2026?
Based on GuruFocus' analysis, INOX Green Energy Services stock appears to be overvalued.
The current stock price of ₹199.05 is trading 14.8% above its estimated GF Value™ of ₹173.34.
GuruFocus considers INOX Green Energy Services to be Modestly Overvalued.
Key valuation signals for NSE:INOXGREEN:
Return-on-Tangible-Equity: 6.55% (2520% above median its 10-year median of 0.25)
GF Value™: ₹173.34 vs. price of ₹199.05 (14.8% above fair value)
Industry Position: 37% above the Utilities - Independent Power Producers median (#205 of 429)
No single metric tells the full story. See the NSE:INOXGREEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
INOX Green Energy Services Ltd is a wind power operation and maintenance (O&M) service provider within India. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators and common infrastructure facilities. The company generates almost all of its revenue from the sale of services.
75GF Score
Get the complete analysis for NSE:INOXGREEN
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:INOXGREEN has been successfully added to your 
