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Manorama IndustriesNSE:MANORAMA -0.24%100 Return-on-Tangible-Equity is 25.35% as of Mar. 2026, which is 56% above its 10-year median of 16.30. GuruFocus rates NSE:MANORAMA with a GF Score™ of 100/100 and a GF Value™ of ₹1,957.85 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,883 Consumer Packaged Goods companies, Manorama Industries ranks better than 90.55% 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. Manorama Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹1,699 Mil. Manorama Industries's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,703 Mil. Therefore, Manorama Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 25.35%.
The historical rank and industry rank for Manorama Industries's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MANORAMA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.05 Med: 16.3 Max: 51.36
Current: 38.21
During the past 13 years, Manorama Industries's highest Return-on-Tangible-Equity was 51.36%. The lowest was 10.05%. And the median was 16.30%.
NSE:MANORAMA's Return-on-Tangible-Equity is ranked better than 90.55% of 1883
companies
in the Consumer Packaged Goods industry
Industry Median: 7.77
vs NSE:MANORAMA: 38.21
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.
Manorama Industries Return-on-Tangible-Equity Related Terms
Manorama Industries Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Manorama Industries'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.
NSE:MANORAMA vs KHC, GIS: Return-on-Tangible-Equity Comparison
For the Packaged Foods subindustry, Manorama Industries'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.
Manorama Industries Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Manorama Industries's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manorama Industries'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 25.35% mean?
Manorama Industries (NSE:MANORAMA) has a Return-on-Tangible-Equity of 25.35% 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 Manorama Industries and its competitors. This is 56% above median its historical median of 16.30. Over the past decade, Manorama Industries' Return-on-Tangible-Equity has ranged from 10.05 to 51.36. According to the industry distribution chart, Manorama Industries ranks #178 out of 1883 companies in the Consumer Packaged Goods industry, placing it in the top 9.5%.
Is Manorama Industries' Return-on-Tangible-Equity too high?
Manorama Industries' current Return-on-Tangible-Equity of 25.35% is 56% above median its 10-year median of 16.30. Over the past 10 years, this metric has ranged from a low of 10.05 to a high of 51.36. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.77. Manorama Industries' value of 25.35% is 226.3% above this industry median. Based on the distribution chart, Manorama Industries ranks #178 out of 1883 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Manorama Industries has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manorama Industries' Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Manorama Industries ranks #178 out of 1883 companies for Return-on-Tangible-Equity. This places Manorama Industries in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.77. Manorama Industries' value of 25.35% is 226.3% above this benchmark. Historically, Manorama Industries' own Return-on-Tangible-Equity has ranged from 10.05 to 51.36 over the past decade. While the company's 10-year median is 16.30 vs. the industry median of 7.77, Manorama Industries 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.77, based on 1,883 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. Manorama Industries's current Return-on-Tangible-Equity of 25.35% is 226.3% 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 Manorama Industries and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manorama Industries's current Return-on-Tangible-Equity is 25.35%, which is 56% above median its own 10-year median of 16.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manorama Industries stock overvalued right now?
Based on GuruFocus' analysis, Manorama Industries (NSE:MANORAMA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,957.85, compared to a current price of ₹1,591.50 — trading 18.7% below its estimated fair value. The current Return-on-Tangible-Equity is 25.35%, which is 56% above median its 10-year median of 16.30 and 226.3% above the Consumer Packaged Goods industry median of 7.77. Manorama Industries' overall GF Score™ is 100/100 with 2 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 Manorama Industries (NSE:MANORAMA), the current Return-on-Tangible-Equity is 25.35% 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 Manorama Industries (NSE:MANORAMA) Overvalued in 2026?
Based on GuruFocus' analysis, Manorama Industries stock appears to be undervalued.
The current stock price of ₹1,591.50 is trading 18.7% below its estimated GF Value™ of ₹1,957.85.
GuruFocus considers Manorama Industries to be Modestly Undervalued.
Key valuation signals for NSE:MANORAMA:
Return-on-Tangible-Equity: 25.35% (56% above median its 10-year median of 16.30)
GF Value™: ₹1,957.85 vs. price of ₹1,591.50 (18.7% below fair value)
Industry Position: 226.3% above the Consumer Packaged Goods median (#178 of 1883)
No single metric tells the full story. See the NSE:MANORAMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manorama Industries Ltd is engaged in the manufacturing, processing, and supply of exotic and specialty fats and oils. The products offered by the company include Sal butter, Sal fat, Sal stearine, Mango butter, Kokum oil, Mowrah fat, and several other value-added, tailor-made products. Its only operating segment is the Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE). Geographically, the company generates a majority of its revenue from outside India through exports, and the rest from its business within India.
100GF Score
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