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Le Merite ExportsNSE:LEMERITE -4.76%63 Return-on-Tangible-Equity is 2.37% as of Mar. 2026, which is 73% below its 10-year median of 8.65. GuruFocus rates NSE:LEMERITE with a GF Score™ of 63/100 and a GF Value™ of ₹33.90 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,014 Manufacturing - Apparel & Accessories companies, Le Merite Exports ranks worse than 60.36% 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. Le Merite Exports's annualized net income for the quarter that ended in Mar. 2026 was ₹32 Mil. Le Merite Exports's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,349 Mil. Therefore, Le Merite Exports's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.37%.
The historical rank and industry rank for Le Merite Exports's Return-on-Tangible-Equity or its related term are showing as below:
NSE:LEMERITE'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.86 Med: 8.65 Max: 60.25
Current: 2.32
During the past 8 years, Le Merite Exports's highest Return-on-Tangible-Equity was 60.25%. The lowest was 1.86%. And the median was 8.65%.
NSE:LEMERITE's Return-on-Tangible-Equity is ranked worse than 60.36% of 1014
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs NSE:LEMERITE: 2.32
Le Merite Exports (NSE:LEMERITE) 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.
Le Merite Exports Return-on-Tangible-Equity Related Terms
Le Merite Exports Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Le Merite Exports'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.
Le Merite Exports Return-on-Tangible-Equity Competitor Comparison
For the Textile Manufacturing subindustry, Le Merite Exports'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.
Le Merite Exports Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Le Merite Exports'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 2.37% mean?
Le Merite Exports (NSE:LEMERITE) has a Return-on-Tangible-Equity of 2.37% 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 Le Merite Exports and its competitors. This is 73% below median its historical median of 8.65. Over the past decade, Le Merite Exports' Return-on-Tangible-Equity has ranged from 1.86 to 60.25. According to the industry distribution chart, Le Merite Exports ranks #612 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 60.4%.
Is Le Merite Exports' Return-on-Tangible-Equity too high?
Le Merite Exports' current Return-on-Tangible-Equity of 2.37% is 73% below median its 10-year median of 8.65. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 60.25. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Le Merite Exports' value of 2.37% is 46.5% below this industry median. Based on the distribution chart, Le Merite Exports ranks #612 out of 1014 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Le Merite Exports has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Le Merite Exports' Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Le Merite Exports ranks #612 out of 1014 companies for Return-on-Tangible-Equity. This places Le Merite Exports in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.43. Le Merite Exports' value of 2.37% is 46.5% below this benchmark. Historically, Le Merite Exports' own Return-on-Tangible-Equity has ranged from 1.86 to 60.25 over the past decade. While the company's 10-year median is 8.65 vs. the industry median of 4.43, Le Merite Exports has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,014 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. Le Merite Exports's current Return-on-Tangible-Equity of 2.37% is 46.5% below 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 Le Merite Exports 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. Le Merite Exports's current Return-on-Tangible-Equity is 2.37%, which is 73% below median its own 10-year median of 8.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Le Merite Exports stock overvalued right now?
Based on GuruFocus' analysis, Le Merite Exports (NSE:LEMERITE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹33.90, compared to a current price of ₹20.99 — trading 38.1% below its estimated fair value. The current Return-on-Tangible-Equity is 2.37%, which is 73% below median its 10-year median of 8.65 and 46.5% below the Manufacturing - Apparel & Accessories industry median of 4.43. Le Merite Exports' overall GF Score™ is 63/100 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 Le Merite Exports (NSE:LEMERITE), the current Return-on-Tangible-Equity is 2.37% 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 Le Merite Exports (NSE:LEMERITE) Overvalued in 2026?
Based on GuruFocus' analysis, Le Merite Exports stock appears to be undervalued.
The current stock price of ₹20.99 is trading 38.1% below its estimated GF Value™ of ₹33.90.
GuruFocus considers Le Merite Exports to be Significantly Undervalued.
Key valuation signals for NSE:LEMERITE:
Return-on-Tangible-Equity: 2.37% (73% below median its 10-year median of 8.65)
GF Value™: ₹33.90 vs. price of ₹20.99 (38.1% below fair value)
Industry Position: 46.5% below the Manufacturing - Apparel & Accessories median (#612 of 1014)
No single metric tells the full story. See the NSE:LEMERITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.
63GF Score
Get the complete analysis for NSE:LEMERITE
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