Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Manugraph India's annualized net income for the quarter that ended in Mar. 2026 was ₹-49.3 Mil. Manugraph India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹576.9 Mil. Therefore, Manugraph India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -8.54%.
The historical rank and industry rank for Manugraph India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MANUGRAPH'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -40.53 Med: -13.46 Max: 8.97
Current: 8.79
During the past 13 years, Manugraph India's highest Return-on-Tangible-Equity was 8.97%. The lowest was -40.53%. And the median was -13.46%.
NSE:MANUGRAPH's Return-on-Tangible-Equity is ranked better than 58.82% of 2972
companies
in the Industrial Products industry
Industry Median: 6.78
vs NSE:MANUGRAPH: 8.79
Manugraph India (NSE:MANUGRAPH) 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.
Manugraph India Return-on-Tangible-Equity Related Terms
Manugraph India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Manugraph 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.
NSE:MANUGRAPH vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Manugraph 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.
Manugraph India Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Manugraph India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manugraph 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 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 -8.54% mean?
Manugraph India (NSE:MANUGRAPH) has a Return-on-Tangible-Equity of -8.54% 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 Manugraph India and its competitors. According to the industry distribution chart, Manugraph India ranks #1224 out of 2972 companies in the Industrial Products industry, placing it in the top 41.2%.
Is Manugraph India's Return-on-Tangible-Equity too high?
Manugraph India's current Return-on-Tangible-Equity is -8.54%. Based on the distribution chart, Manugraph India ranks #1224 out of 2972 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Manugraph India has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Manugraph India's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Manugraph India ranks #1224 out of 2972 companies for Return-on-Tangible-Equity. This puts Manugraph India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.78. 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 an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.78, based on 2,972 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. 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 Manugraph India and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manugraph India's current Return-on-Tangible-Equity is -8.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manugraph India stock overvalued right now?
Based on GuruFocus' analysis, Manugraph India (NSE:MANUGRAPH) is currently considered Possible Value Trap. The stock's GF Value™ is ₹27.74, compared to a current price of ₹13.86 — trading 50% below its estimated fair value. The current Return-on-Tangible-Equity is -8.54%. Manugraph India's overall GF Score™ is 65/100 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 Manugraph India (NSE:MANUGRAPH), the current Return-on-Tangible-Equity is -8.54% 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 Manugraph India (NSE:MANUGRAPH) Overvalued in 2026?
Based on GuruFocus' analysis, Manugraph India stock appears to be undervalued.
The current stock price of ₹13.86 is trading 50% below its estimated GF Value™ of ₹27.74.
GuruFocus considers Manugraph India to be Possible Value Trap.
Key valuation signals for NSE:MANUGRAPH:
Return-on-Tangible-Equity: -8.54%
GF Value™: ₹27.74 vs. price of ₹13.86 (50% below fair value)
No single metric tells the full story. See the NSE:MANUGRAPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manugraph India Ltd is engaged in the manufacturing and distribution of web offset presses and printing machinery. The company's product portfolio includes products like SMARTLINE, DREAMLINE, FRONTLINE, HILINE, HILINE EXPRESS, 430 MAX, M360, M360-BK, CITYLINE EXPRESS F-1270, F-233, F-1240, F-222, and F-122. The company has one operating segment, which is the Engineering segment. The majority of its revenue comes from the Indian market, while it has a presence outside India as well.
65GF Score
Get the complete analysis for NSE:MANUGRAPH
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:MANUGRAPH has been successfully added to your 
