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Manoj Vaibhav Gems N JewellersNSE:MVGJL -1.91%57 Return-on-Tangible-Equity is 13.52% as of Mar. 2026, which is 10% below its 10-year median of 15.03. GuruFocus rates NSE:MVGJL with a GF Score™ of 57/100 and a GF Value™ of ₹279.66 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Manoj Vaibhav Gems N Jewellers ranks better than 64.91% 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. Manoj Vaibhav Gems N Jewellers's annualized net income for the quarter that ended in Mar. 2026 was ₹1,126 Mil. Manoj Vaibhav Gems N Jewellers's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹8,332 Mil. Therefore, Manoj Vaibhav Gems N Jewellers's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.52%.
The historical rank and industry rank for Manoj Vaibhav Gems N Jewellers's Return-on-Tangible-Equity or its related term are showing as below:
NSE:MVGJL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.5 Med: 15.03 Max: 23.21
Current: 14.85
During the past 7 years, Manoj Vaibhav Gems N Jewellers's highest Return-on-Tangible-Equity was 23.21%. The lowest was 9.50%. And the median was 15.03%.
NSE:MVGJL's Return-on-Tangible-Equity is ranked better than 64.91% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs NSE:MVGJL: 14.85
Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) 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.
Manoj Vaibhav Gems N Jewellers Return-on-Tangible-Equity Related Terms
Manoj Vaibhav Gems N Jewellers Return-on-Tangible-Equity Historical Data
* 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.
Manoj Vaibhav Gems N Jewellers Return-on-Tangible-Equity Chart
NSE:MVGJL vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Manoj Vaibhav Gems N Jewellers'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.
Manoj Vaibhav Gems N Jewellers Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Manoj Vaibhav Gems N Jewellers's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Manoj Vaibhav Gems N Jewellers'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 13.52% mean?
Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) has a Return-on-Tangible-Equity of 13.52% 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 Manoj Vaibhav Gems N Jewellers and its competitors. This is 10% below median its historical median of 15.03. Over the past decade, Manoj Vaibhav Gems N Jewellers' Return-on-Tangible-Equity has ranged from 9.50 to 23.21. According to the industry distribution chart, Manoj Vaibhav Gems N Jewellers ranks #372 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 35.1%.
Is Manoj Vaibhav Gems N Jewellers' Return-on-Tangible-Equity too high?
Manoj Vaibhav Gems N Jewellers' current Return-on-Tangible-Equity of 13.52% is 10% below median its 10-year median of 15.03. Over the past 10 years, this metric has ranged from a low of 9.50 to a high of 23.21. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Manoj Vaibhav Gems N Jewellers' value of 13.52% is 59.9% above this industry median. Based on the distribution chart, Manoj Vaibhav Gems N Jewellers ranks #372 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Manoj Vaibhav Gems N Jewellers has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manoj Vaibhav Gems N Jewellers' Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Manoj Vaibhav Gems N Jewellers ranks #372 out of 1060 companies for Return-on-Tangible-Equity. This puts Manoj Vaibhav Gems N Jewellers in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Manoj Vaibhav Gems N Jewellers' value of 13.52% is 59.9% above this benchmark. Historically, Manoj Vaibhav Gems N Jewellers' own Return-on-Tangible-Equity has ranged from 9.50 to 23.21 over the past decade. While the company's 10-year median is 15.03 vs. the industry median of 8.46, Manoj Vaibhav Gems N Jewellers 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 Retail - Cyclical company?
The median Return-on-Tangible-Equity among Retail - Cyclical companies is 8.46, based on 1,060 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. Manoj Vaibhav Gems N Jewellers's current Return-on-Tangible-Equity of 13.52% is 59.9% 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 Manoj Vaibhav Gems N Jewellers and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manoj Vaibhav Gems N Jewellers's current Return-on-Tangible-Equity is 13.52%, which is 10% below median its own 10-year median of 15.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manoj Vaibhav Gems N Jewellers stock overvalued right now?
Based on GuruFocus' analysis, Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹279.66, compared to a current price of ₹161.04 — trading 42.4% below its estimated fair value. The current Return-on-Tangible-Equity is 13.52%, which is 10% below median its 10-year median of 15.03 and 59.9% above the Retail - Cyclical industry median of 8.46. Manoj Vaibhav Gems N Jewellers' overall GF Score™ is 57/100 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 Manoj Vaibhav Gems N Jewellers (NSE:MVGJL), the current Return-on-Tangible-Equity is 13.52% 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 Manoj Vaibhav Gems N Jewellers (NSE:MVGJL) Overvalued in 2026?
Based on GuruFocus' analysis, Manoj Vaibhav Gems N Jewellers stock appears to be undervalued.
The current stock price of ₹161.04 is trading 42.4% below its estimated GF Value™ of ₹279.66.
GuruFocus considers Manoj Vaibhav Gems N Jewellers to be Significantly Undervalued.
Key valuation signals for NSE:MVGJL:
Return-on-Tangible-Equity: 13.52% (10% below median its 10-year median of 15.03)
GF Value™: ₹279.66 vs. price of ₹161.04 (42.4% below fair value)
Industry Position: 59.9% above the Retail - Cyclical median (#372 of 1060)
No single metric tells the full story. See the NSE:MVGJL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manoj Vaibhav Gems N Jewellers Business Description
Manoj Vaibhav Gems N Jewellers Ltd is a regional jewellery brand in South India led by a first-generation woman entrepreneur. It caters to all economic segments of the micro markets of Andhra Pradesh and Telangana through its dedicated branded showrooms and has a rural market focus and a dedicated urban focus, also. The company positioned itself as a retailer focused on relationships, by Design, where it focuses on offering designs, high quality, transparency, and customer service to its customers.
57GF Score
Get the complete analysis for NSE:MVGJL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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