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Indian Renewable Energy Development AgencyNSE:IREDA -0.59%35 Return-on-Tangible-Equity is 14.30% as of Mar. 2026, which is 8% below its 10-year median of 15.52. GuruFocus rates NSE:IREDA with a GF Score™ of 35/100. The stock has 7 warning signs investors should review. Among 525 Credit Services companies, Indian Renewable Energy Development Agency ranks better than 77.52% on this metric.
NSE:IREDA's Return-on-Tangible-Equity is ranked better than 77.52% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs NSE:IREDA: 15.21
Indian Renewable Energy Development Agency (NSE:IREDA) 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 Renewable Energy Development Agency Return-on-Tangible-Equity Related Terms
Indian Renewable Energy Development Agency 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.
Indian Renewable Energy Development Agency Return-on-Tangible-Equity Chart
Indian Renewable Energy Development Agency Annual Data
NSE:IREDA vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Indian Renewable Energy Development Agency'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 Renewable Energy Development Agency Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Indian Renewable Energy Development Agency's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indian Renewable Energy Development Agency'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 14.30% mean?
Indian Renewable Energy Development Agency (NSE:IREDA) has a Return-on-Tangible-Equity of 14.30% 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 Renewable Energy Development Agency and its competitors. This is near median its historical median of 15.52. Over the past decade, Indian Renewable Energy Development Agency's Return-on-Tangible-Equity has ranged from 11.56 to 18.05. According to the industry distribution chart, Indian Renewable Energy Development Agency ranks #118 out of 525 companies in the Credit Services industry, placing it in the top 22.5%.
Is Indian Renewable Energy Development Agency's Return-on-Tangible-Equity too high?
Indian Renewable Energy Development Agency's current Return-on-Tangible-Equity of 14.30% is near median its 10-year median of 15.52. Over the past 10 years, this metric has ranged from a low of 11.56 to a high of 18.05. The Credit Services industry median Return-on-Tangible-Equity is 7.01. Indian Renewable Energy Development Agency's value of 14.30% is 104% above this industry median. Based on the distribution chart, Indian Renewable Energy Development Agency ranks #118 out of 525 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Renewable Energy Development Agency has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Indian Renewable Energy Development Agency's Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Indian Renewable Energy Development Agency ranks #118 out of 525 companies for Return-on-Tangible-Equity. This places Indian Renewable Energy Development Agency in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.01. Indian Renewable Energy Development Agency's value of 14.30% is 104% above this benchmark. Historically, Indian Renewable Energy Development Agency's own Return-on-Tangible-Equity has ranged from 11.56 to 18.05 over the past decade. While the company's 10-year median is 15.52 vs. the industry median of 7.01, Indian Renewable Energy Development Agency 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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 Renewable Energy Development Agency's current Return-on-Tangible-Equity of 14.30% is 104% 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 Renewable Energy Development Agency and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Renewable Energy Development Agency's current Return-on-Tangible-Equity is 14.30%, which is near median its own 10-year median of 15.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Renewable Energy Development Agency stock overvalued right now?
Indian Renewable Energy Development Agency (NSE:IREDA) has a current Return-on-Tangible-Equity of 14.30%. The current Return-on-Tangible-Equity is 14.30%, which is near median its 10-year median of 15.52 and 104% above the Credit Services industry median of 7.01. Indian Renewable Energy Development Agency's overall GF Score™ is 35/100 with 7 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 Renewable Energy Development Agency (NSE:IREDA), the current Return-on-Tangible-Equity is 14.30% 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 Renewable Energy Development Agency Business Description
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. The company operates in two segments: Financing activities in the Renewable Energy (RE) & Energy Efficiency (EE) sector and Generation of power through Solar Plant operations at Kasaragod, Kerala. Majority revenue for the company is genetrated from the segment of financing activities in the RE EE sector.
35GF Score
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