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Mangalam OrganicsNSE:MANORG -0.96%77 Return-on-Tangible-Equity is 7.51% as of Mar. 2026, which is 50% below its 10-year median of 15.10. GuruFocus rates NSE:MANORG with a GF Score™ of 77/100 and a GF Value™ of ₹549.53 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,569 Chemicals companies, Mangalam Organics ranks better than 62.4% 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. Mangalam Organics's annualized net income for the quarter that ended in Mar. 2026 was ₹239 Mil. Mangalam Organics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹3,185 Mil. Therefore, Mangalam Organics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.51%.
The historical rank and industry rank for Mangalam Organics's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MANORG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.39 Med: 15.1 Max: 79.6
Current: 8.4
During the past 13 years, Mangalam Organics's highest Return-on-Tangible-Equity was 79.60%. The lowest was -9.39%. And the median was 15.10%.
NSE:MANORG's Return-on-Tangible-Equity is ranked better than 62.4% of 1569
companies
in the Chemicals industry
Industry Median: 5.78
vs NSE:MANORG: 8.40
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.
Mangalam Organics Return-on-Tangible-Equity Related Terms
Mangalam Organics Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Mangalam Organics'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:MANORG vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Mangalam Organics'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.
Mangalam Organics Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Mangalam Organics's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Mangalam Organics'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 7.51% mean?
Mangalam Organics (NSE:MANORG) has a Return-on-Tangible-Equity of 7.51% 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 Mangalam Organics and its competitors. This is 50% below median its historical median of 15.10. According to the industry distribution chart, Mangalam Organics ranks #590 out of 1569 companies in the Chemicals industry, placing it in the top 37.6%.
Is Mangalam Organics' Return-on-Tangible-Equity too high?
Mangalam Organics' current Return-on-Tangible-Equity of 7.51% is 50% below median its 10-year median of 15.10. The Chemicals industry median Return-on-Tangible-Equity is 5.78. Mangalam Organics' value of 7.51% is 29.9% above this industry median. Based on the distribution chart, Mangalam Organics ranks #590 out of 1569 companies in the Chemicals industry, which is above the industry midpoint. Overall, Mangalam Organics has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mangalam Organics' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Mangalam Organics ranks #590 out of 1569 companies for Return-on-Tangible-Equity. This puts Mangalam Organics in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.78. Mangalam Organics' value of 7.51% is 29.9% above this benchmark. While the company's 10-year median is 15.10 vs. the industry median of 5.78, Mangalam Organics 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.78, based on 1,569 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. Mangalam Organics's current Return-on-Tangible-Equity of 7.51% is 29.9% 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 Mangalam Organics and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mangalam Organics's current Return-on-Tangible-Equity is 7.51%, which is 50% below median its own 10-year median of 15.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Organics stock overvalued right now?
Based on GuruFocus' analysis, Mangalam Organics (NSE:MANORG) is currently considered Fairly Valued. The stock's GF Value™ is ₹549.53, compared to a current price of ₹523.60 — trading 4.7% below its estimated fair value. The current Return-on-Tangible-Equity is 7.51%, which is 50% below median its 10-year median of 15.10 and 29.9% above the Chemicals industry median of 5.78. Mangalam Organics' overall GF Score™ is 77/100 with 3 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 Mangalam Organics (NSE:MANORG), the current Return-on-Tangible-Equity is 7.51% 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 Mangalam Organics (NSE:MANORG) Overvalued in 2026?
Based on GuruFocus' analysis, Mangalam Organics stock appears to be undervalued.
The current stock price of ₹523.60 is trading 4.7% below its estimated GF Value™ of ₹549.53.
GuruFocus considers Mangalam Organics to be Fairly Valued.
Key valuation signals for NSE:MANORG:
Return-on-Tangible-Equity: 7.51% (50% below median its 10-year median of 15.10)
GF Value™: ₹549.53 vs. price of ₹523.60 (4.7% below fair value)
Industry Position: 29.9% above the Chemicals median (#590 of 1569)
No single metric tells the full story. See the NSE:MANORG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mangalam Organics Ltd is an India-based company involved in manufacturing chemicals. It is engaged in manufacturing Camphor, Resin, and Sodium Acetate. It has Terpenes and Synthetic Resins as a primary segment, which falls under a single segment of chemicals. Its production unit is located in Kumbhivali, Maharashtra state, India. The terpene products segment, which generates a vast majority of the revenue, includes Camphor technical, Camphene, Isobornyl acetate, Isoborneol, Dipentene, Camphor oil, Pine tar, Pine oil among others. Its resin products include Penta ester gum, Glycerol ester gum, and Gum rosin among others.
77GF Score
Get the complete analysis for NSE:MANORG
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