Modern Threads (India)NSE:MODTHREAD -6.66%47 Return-on-Tangible-Equity is 10.08% as of Mar. 2026, which is 15% above its 10-year median of 8.77. GuruFocus rates NSE:MODTHREAD with a GF Score™ of 47/100. The stock has 3 warning signs investors should review. Among 1,012 Manufacturing - Apparel & Accessories companies, Modern Threads (India) ranks better than 67.09% 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. Modern Threads (India)'s annualized net income for the quarter that ended in Mar. 2026 was ₹147 Mil. Modern Threads (India)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,454 Mil. Therefore, Modern Threads (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 10.08%.
The historical rank and industry rank for Modern Threads (India)'s Return-on-Tangible-Equity or its related term are showing as below:
NSE:MODTHREAD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.57 Med: 8.77 Max: 21.88
Current: 8.84
During the past 11 years, Modern Threads (India)'s highest Return-on-Tangible-Equity was 21.88%. The lowest was 2.57%. And the median was 8.77%.
NSE:MODTHREAD's Return-on-Tangible-Equity is ranked better than 67.09% of 1012
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.45
vs NSE:MODTHREAD: 8.84
Modern Threads (India) (NSE:MODTHREAD) 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.
Modern Threads (India) Return-on-Tangible-Equity Related Terms
Modern Threads (India) Return-on-Tangible-Equity Historical Data
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The historical data trend for Modern Threads (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.
Modern Threads (India) Return-on-Tangible-Equity Chart
Modern Threads (India) Return-on-Tangible-Equity Competitor Comparison
For the Textile Manufacturing subindustry, Modern Threads (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.
Modern Threads (India) Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Threads (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Modern Threads (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 10.08% mean?
Modern Threads (India) (NSE:MODTHREAD) has a Return-on-Tangible-Equity of 10.08% 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 Modern Threads (India) and its competitors. This is 15% above median its historical median of 8.77. Over the past decade, Modern Threads (India)'s Return-on-Tangible-Equity has ranged from 2.57 to 21.88. According to the industry distribution chart, Modern Threads (India) ranks #333 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 32.9%.
Is Modern Threads (India)'s Return-on-Tangible-Equity too high?
Modern Threads (India)'s current Return-on-Tangible-Equity of 10.08% is 15% above median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 21.88. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.45. Modern Threads (India)'s value of 10.08% is 126.5% above this industry median. Based on the distribution chart, Modern Threads (India) ranks #333 out of 1012 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Modern Threads (India) has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Modern Threads (India)'s Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Modern Threads (India) ranks #333 out of 1012 companies for Return-on-Tangible-Equity. This puts Modern Threads (India) in the upper half of its industry. The industry median Return-on-Tangible-Equity is 4.45. Modern Threads (India)'s value of 10.08% is 126.5% above this benchmark. Historically, Modern Threads (India)'s own Return-on-Tangible-Equity has ranged from 2.57 to 21.88 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 4.45, Modern Threads (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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.45, based on 1,012 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. Modern Threads (India)'s current Return-on-Tangible-Equity of 10.08% is 126.5% 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 Modern Threads (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Threads (India)'s current Return-on-Tangible-Equity is 10.08%, which is 15% above median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Threads (India) stock overvalued right now?
Modern Threads (India) (NSE:MODTHREAD) has a current Return-on-Tangible-Equity of 10.08%. The current Return-on-Tangible-Equity is 10.08%, which is 15% above median its 10-year median of 8.77 and 126.5% above the Manufacturing - Apparel & Accessories industry median of 4.45. Modern Threads (India)'s overall GF Score™ is 47/100 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 Modern Threads (India) (NSE:MODTHREAD), the current Return-on-Tangible-Equity is 10.08% 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.
Modern Threads (India) Ltd is engaged in the textile industry, manufacturing and selling a diverse products, including worsted yarn, wool tops, wool grease, polyester viscose fiber-dyed yarn, polyester yarn, and lanolin. The company mainly produces worsted yarn, wool tops, and synthetic yarn. Its products are exported to over 25 countries across Europe, Latin America, the Far East, the Middle East, and Africa. Its manufacturing plants are located in Raila and Bhilwara. The company has generated the majority of its revenue from India.
47GF Score
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