Manilam Industries IndiaNSE:MANILAM -3.09%10 Return-on-Tangible-Equity is 16.70% as of Sep. 2025, which is 32% above its 10-year median of 12.67. GuruFocus rates NSE:MANILAM with a GF Score™ of 10/100. The stock has 6 warning signs investors should review. Among 397 Building Materials companies, Manilam Industries India ranks better than 63.22% 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. Manilam Industries India's annualized net income for the quarter that ended in Sep. 2025 was ₹64.2 Mil. Manilam Industries India's average shareholder tangible equity for the quarter that ended in Sep. 2025 was ₹384.5 Mil. Therefore, Manilam Industries India's annualized Return-on-Tangible-Equity for the quarter that ended in Sep. 2025 was 16.70%.
The historical rank and industry rank for Manilam Industries India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MANILAM'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.86 Med: 12.67 Max: 24.81
Current: 8.35
During the past 3 years, Manilam Industries India's highest Return-on-Tangible-Equity was 24.81%. The lowest was 6.86%. And the median was 12.67%.
NSE:MANILAM's Return-on-Tangible-Equity is ranked better than 63.22% of 397
companies
in the Building Materials industry
Industry Median: 5.08
vs NSE:MANILAM: 8.35
Manilam Industries India (NSE:MANILAM) 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.
Manilam Industries India Return-on-Tangible-Equity Related Terms
Manilam Industries India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Manilam Industries India'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.
Manilam Industries India Return-on-Tangible-Equity Chart
Manilam Industries India Annual Data
Trend
Mar23
Mar24
Mar25
Return-on-Tangible-Equity
6.86
12.67
24.81
Manilam Industries India Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Return-on-Tangible-Equity
0.00
0.00
0.00
16.70
NSE:MANILAM vs CRH, VMC, MLM: Return-on-Tangible-Equity Comparison
For the Building Materials subindustry, Manilam Industries 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.
Manilam Industries India Return-on-Tangible-Equity vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Manilam Industries India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manilam Industries 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 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 16.70% mean?
Manilam Industries India (NSE:MANILAM) has a Return-on-Tangible-Equity of 16.70% 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 Manilam Industries India and its competitors. This is 32% above median its historical median of 12.67. Over the past decade, Manilam Industries India's Return-on-Tangible-Equity has ranged from 6.86 to 24.81. According to the industry distribution chart, Manilam Industries India ranks #146 out of 397 companies in the Building Materials industry, placing it in the top 36.8%.
Is Manilam Industries India's Return-on-Tangible-Equity too high?
Manilam Industries India's current Return-on-Tangible-Equity of 16.70% is 32% above median its 10-year median of 12.67. Over the past 10 years, this metric has ranged from a low of 6.86 to a high of 24.81. The Building Materials industry median Return-on-Tangible-Equity is 5.08. Manilam Industries India's value of 16.70% is 228.7% above this industry median. Based on the distribution chart, Manilam Industries India ranks #146 out of 397 companies in the Building Materials industry, which is above the industry midpoint. Overall, Manilam Industries India has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Manilam Industries India's Return-on-Tangible-Equity compare to CRH and VMC?
According to the Building Materials industry distribution chart, Manilam Industries India ranks #146 out of 397 companies for Return-on-Tangible-Equity. This puts Manilam Industries India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.08. Manilam Industries India's value of 16.70% is 228.7% above this benchmark. Historically, Manilam Industries India's own Return-on-Tangible-Equity has ranged from 6.86 to 24.81 over the past decade. While the company's 10-year median is 12.67 vs. the industry median of 5.08, Manilam Industries India 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 Building Materials company?
The median Return-on-Tangible-Equity among Building Materials companies is 5.08, based on 397 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. Manilam Industries India's current Return-on-Tangible-Equity of 16.70% is 228.7% 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 Manilam Industries India and its competitors. For the Building Materials industry, the median Return-on-Tangible-Equity is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manilam Industries India's current Return-on-Tangible-Equity is 16.70%, which is 32% above median its own 10-year median of 12.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manilam Industries India stock overvalued right now?
Manilam Industries India (NSE:MANILAM) has a current Return-on-Tangible-Equity of 16.70%. The current Return-on-Tangible-Equity is 16.70%, which is 32% above median its 10-year median of 12.67 and 228.7% above the Building Materials industry median of 5.08. Manilam Industries India's overall GF Score™ is 10/100 with 6 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 Manilam Industries India (NSE:MANILAM), the current Return-on-Tangible-Equity is 16.70% 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.
Manilam Industries India Ltd is engaged in the manufacturing and sale of decorative laminates. Its product portfolio includes the Artistica Collection, the Vogue Collection, the Dwar Collection and the Magnificent Collection. Additionally, the company is involved in the trading of plywood serving the industrial and commercial sectors. It operates under the brand name "Manilam". The majority of the company's revenue is derived from the sale of laminates across India. The reportable segments: Within India, and Outside India, of which it derives maximum revenue from India.
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