Oriental Aromatics (NSE:OAL) Return-on-Tangible-Equity: 2.60% (As of Mar. 2026) — 73% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NSE:OAL Oriental Aromatics Ltd NSE:OAL
77 GF Score
Price ₹358.75
GF Value ₹440.74
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Oriental Aromatics Return-on-Tangible-Equity?

Oriental Aromatics NSE:OAL +0.39% 77 Return-on-Tangible-Equity is 2.60% as of Mar. 2026, which is 73% below its 10-year median of 9.59. GuruFocus rates NSE:OAL with a GF Score™ of 77/100 and a GF Value™ of ₹440.74 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,570 Chemicals companies, Oriental Aromatics ranks worse than 71.97% 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. Oriental Aromatics's annualized net income for the quarter that ended in Mar. 2026 was ₹159 Mil. Oriental Aromatics's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,142 Mil. Therefore, Oriental Aromatics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.60%.

The historical rank and industry rank for Oriental Aromatics's Return-on-Tangible-Equity or its related term are showing as below:

NSE:OAL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.54   Med: 9.59   Max: 22.74
Current: 0.54

During the past 13 years, Oriental Aromatics's highest Return-on-Tangible-Equity was 22.74%. The lowest was 0.54%. And the median was 9.59%.

NSE:OAL's Return-on-Tangible-Equity is ranked worse than
71.97% of 1570 companies
in the Chemicals industry
Industry Median: 5.78 vs NSE:OAL: 0.54

Oriental Aromatics  (NSE:OAL) 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.


Oriental Aromatics Return-on-Tangible-Equity Related Terms


Oriental Aromatics Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Oriental Aromatics'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.

Oriental Aromatics Return-on-Tangible-Equity Chart

Oriental Aromatics Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.96 3.49 1.57 5.75 0.54

Oriental Aromatics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 0.33 0.48 -1.25 2.60

NSE:OAL vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison

For the Specialty Chemicals subindustry, Oriental Aromatics'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.


Oriental Aromatics Return-on-Tangible-Equity vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Oriental Aromatics's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Oriental Aromatics's Return-on-Tangible-Equity falls into.


NSE:OAL
77GF Score
Oriental Aromatics Ltd NSE:OAL
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oriental Aromatics Return-on-Tangible-Equity Calculation

Oriental Aromatics's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=33.101/( (6118.475+6142.42 )/ 2 )
=33.101/6130.4475
=0.54 %

Oriental Aromatics's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=159.436/( (0+6142.42)/ 1 )
=159.436/6142.42
=2.60 %

* 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 2.60% mean?
Oriental Aromatics (NSE:OAL) has a Return-on-Tangible-Equity of 2.60% 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 Oriental Aromatics and its competitors. This is 73% below median its historical median of 9.59. Over the past decade, Oriental Aromatics' Return-on-Tangible-Equity has ranged from 0.54 to 22.74. According to the industry distribution chart, Oriental Aromatics ranks #1130 out of 1570 companies in the Chemicals industry, placing it in the top 72%.
Is Oriental Aromatics' Return-on-Tangible-Equity too high?
Oriental Aromatics' current Return-on-Tangible-Equity of 2.60% is 73% below median its 10-year median of 9.59. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 22.74. The Chemicals industry median Return-on-Tangible-Equity is 5.78. Oriental Aromatics' value of 2.60% is 55% below this industry median. Based on the distribution chart, Oriental Aromatics ranks #1130 out of 1570 companies in the Chemicals industry, which is below the industry midpoint. Overall, Oriental Aromatics has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oriental Aromatics' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Oriental Aromatics ranks #1130 out of 1570 companies for Return-on-Tangible-Equity. This places Oriental Aromatics in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.78. Oriental Aromatics' value of 2.60% is 55% below this benchmark. Historically, Oriental Aromatics' own Return-on-Tangible-Equity has ranged from 0.54 to 22.74 over the past decade. While the company's 10-year median is 9.59 vs. the industry median of 5.78, Oriental Aromatics has consistently been below 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 1,570 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. Oriental Aromatics's current Return-on-Tangible-Equity of 2.60% is 55% below 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 Oriental Aromatics 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. Oriental Aromatics's current Return-on-Tangible-Equity is 2.60%, which is 73% below median its own 10-year median of 9.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oriental Aromatics stock overvalued right now?
Based on GuruFocus' analysis, Oriental Aromatics (NSE:OAL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹440.74, compared to a current price of ₹358.75 — trading 18.6% below its estimated fair value. The current Return-on-Tangible-Equity is 2.60%, which is 73% below median its 10-year median of 9.59 and 55% below the Chemicals industry median of 5.78. Oriental Aromatics' overall GF Score™ is 77/100 with 9 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 Oriental Aromatics (NSE:OAL), the current Return-on-Tangible-Equity is 2.60% 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 Oriental Aromatics (NSE:OAL) Overvalued in 2026?

Based on GuruFocus' analysis, Oriental Aromatics stock appears to be undervalued. The current stock price of ₹358.75 is trading 18.6% below its estimated GF Value™ of ₹440.74. GuruFocus considers Oriental Aromatics to be Modestly Undervalued.

Key valuation signals for NSE:OAL:

  • Return-on-Tangible-Equity: 2.60% (73% below median its 10-year median of 9.59)
  • GF Value™: ₹440.74 vs. price of ₹358.75 (18.6% below fair value)
  • GF Score™: 77/100 with 9 warning signs
  • Industry Position: 55% below the Chemicals median (#1130 of 1570)

No single metric tells the full story. See the NSE:OAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oriental Aromatics Business Description

Other Exchanges 500078:India
Address Mahatma Gandhi Road, 133, Jehangir Building, 2nd Floor, Fort, Mumbai, MH, IND, 400 001
Oriental Aromatics Ltd is Indian based company engaged in the business of manufacturing of fine chemicals along with its principal products and services including Perfumery Chemicals, Camphor, and Isoborneol. The organization also manufactures and sells camphor, terpineols, resins, aromatic and terpene chemicals, fragrance chemicals, and fragrance chemical intermediaries. The firm offers a range of articles which consists of synthetic camphor, terpineols, pine oils, resins, astromusk, perfumery chemicals, and specialty chemicals. The primary segment of the company is the manufacturing of fine chemicals. It operates in two geographical segments: Domestic and Export. The company makes the majority of its revenue within operations in India.
77GF Score

Get the complete analysis for NSE:OAL

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹358.75
Price
₹440.74
GF Value