IL& FS Investment ManagersNSE:IVC +0.25%69 Return-on-Tangible-Equity is 3.48% as of Sep. 2025, which is 19% below its 10-year median of 4.27. GuruFocus rates NSE:IVC with a GF Score™ of 69/100 and a GF Value™ of ₹5.76 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 482 Diversified Financial Services companies, IL& FS Investment Managers ranks better than 88.17% 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. IL& FS Investment Managers's annualized net income for the quarter that ended in Sep. 2025 was ₹71.3 Mil. IL& FS Investment Managers's average shareholder tangible equity for the quarter that ended in Sep. 2025 was ₹2,051.0 Mil. Therefore, IL& FS Investment Managers's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 3.48%.
The historical rank and industry rank for IL& FS Investment Managers's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IVC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -6.02 Med: 4.27 Max: 22.82
Current: 9.75
During the past 13 years, IL& FS Investment Managers's highest Return-on-Tangible-Equity was 22.82%. The lowest was -6.02%. And the median was 4.27%.
NSE:IVC's Return-on-Tangible-Equity is ranked better than 88.17% of 482
companies
in the Diversified Financial Services industry
Industry Median: 1.65
vs NSE:IVC: 9.75
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.
IL& FS Investment Managers Return-on-Tangible-Equity Related Terms
IL& FS Investment Managers 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.
NSE:IVC vs VOYA, FRHC: Return-on-Tangible-Equity Comparison
For the Financial Conglomerates subindustry, IL& FS Investment Managers'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.
IL& FS Investment Managers Return-on-Tangible-Equity vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, IL& FS Investment Managers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where IL& FS Investment Managers'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 two times the semi-annual (Sep. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 3.48% mean?
IL& FS Investment Managers (NSE:IVC) has a Return-on-Tangible-Equity of 3.48% as of Sep. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on IL& FS Investment Managers and its competitors. This is 19% below median its historical median of 4.27. According to the industry distribution chart, IL& FS Investment Managers ranks #57 out of 482 companies in the Diversified Financial Services industry, placing it in the top 11.8%.
Is IL& FS Investment Managers' Return-on-Tangible-Equity too high?
IL& FS Investment Managers' current Return-on-Tangible-Equity of 3.48% is 19% below median its 10-year median of 4.27. The Diversified Financial Services industry median Return-on-Tangible-Equity is 1.65. IL& FS Investment Managers' value of 3.48% is 110.9% above this industry median. Based on the distribution chart, IL& FS Investment Managers ranks #57 out of 482 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, IL& FS Investment Managers has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IL& FS Investment Managers' Return-on-Tangible-Equity compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, IL& FS Investment Managers ranks #57 out of 482 companies for Return-on-Tangible-Equity. This places IL& FS Investment Managers in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 1.65. IL& FS Investment Managers' value of 3.48% is 110.9% above this benchmark. While the company's 10-year median is 4.27 vs. the industry median of 1.65, IL& FS Investment Managers 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 Diversified Financial Services company?
The median Return-on-Tangible-Equity among Diversified Financial Services companies is 1.65, based on 482 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. IL& FS Investment Managers's current Return-on-Tangible-Equity of 3.48% is 110.9% 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 IL& FS Investment Managers and its competitors. For the Diversified Financial Services industry, the median Return-on-Tangible-Equity is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IL& FS Investment Managers's current Return-on-Tangible-Equity is 3.48%, which is 19% below median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IL& FS Investment Managers stock overvalued right now?
Based on GuruFocus' analysis, IL& FS Investment Managers (NSE:IVC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹5.76, compared to a current price of ₹8.14 — trading 41.3% above its estimated fair value. The current Return-on-Tangible-Equity is 3.48%, which is 19% below median its 10-year median of 4.27 and 110.9% above the Diversified Financial Services industry median of 1.65. IL& FS Investment Managers' overall GF Score™ is 69/100 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 IL& FS Investment Managers (NSE:IVC), the current Return-on-Tangible-Equity is 3.48% as of Sep. 2025. 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 IL& FS Investment Managers (NSE:IVC) Overvalued in 2026?
Based on GuruFocus' analysis, IL& FS Investment Managers stock appears to be overvalued.
The current stock price of ₹8.14 is trading 41.3% above its estimated GF Value™ of ₹5.76.
GuruFocus considers IL& FS Investment Managers to be Significantly Overvalued.
Key valuation signals for NSE:IVC:
Return-on-Tangible-Equity: 3.48% (19% below median its 10-year median of 4.27)
GF Value™: ₹5.76 vs. price of ₹8.14 (41.3% above fair value)
Industry Position: 110.9% above the Diversified Financial Services median (#57 of 482)
No single metric tells the full story. See the NSE:IVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IL& FS Investment Managers Ltd is a company operating in the financial sector. It operates in one business segment fund management and related services. It has also established investment banking, project finance, project development, management and implementation, merchant banking, infrastructure financing, and corporate advisory capabilities.
69GF Score
Get the complete analysis for NSE:IVC
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:IVC has been successfully added to your 
