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RNFI ServicesNSE:RNFI +1.00%42 Return-on-Tangible-Equity is 24.61% as of Mar. 2026, which is 47% below its 10-year median of 46.40. GuruFocus rates NSE:RNFI with a GF Score™ of 42/100. The stock has 5 warning signs investors should review. Among 782 Capital Markets companies, RNFI Services ranks better than 80.56% 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. RNFI Services's annualized net income for the quarter that ended in Mar. 2026 was ₹319 Mil. RNFI Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹1,297 Mil. Therefore, RNFI Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 24.61%.
The historical rank and industry rank for RNFI Services's Return-on-Tangible-Equity or its related term are showing as below:
NSE:RNFI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 24.46 Med: 46.4 Max: 95.7
Current: 24.86
During the past 6 years, RNFI Services's highest Return-on-Tangible-Equity was 95.70%. The lowest was 24.46%. And the median was 46.40%.
NSE:RNFI's Return-on-Tangible-Equity is ranked better than 80.56% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs NSE:RNFI: 24.86
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.
RNFI Services Return-on-Tangible-Equity Related Terms
RNFI Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for RNFI Services'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:RNFI vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, RNFI Services'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.
RNFI Services Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, RNFI Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where RNFI Services'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 two times the semi-annual (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 24.61% mean?
RNFI Services (NSE:RNFI) has a Return-on-Tangible-Equity of 24.61% 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 RNFI Services and its competitors. This is 47% below median its historical median of 46.40. Over the past decade, RNFI Services' Return-on-Tangible-Equity has ranged from 24.46 to 95.70. According to the industry distribution chart, RNFI Services ranks #152 out of 782 companies in the Capital Markets industry, placing it in the top 19.4%.
Is RNFI Services' Return-on-Tangible-Equity too high?
RNFI Services' current Return-on-Tangible-Equity of 24.61% is 47% below median its 10-year median of 46.40. Over the past 10 years, this metric has ranged from a low of 24.46 to a high of 95.70. The Capital Markets industry median Return-on-Tangible-Equity is 6.52. RNFI Services' value of 24.61% is 277.5% above this industry median. Based on the distribution chart, RNFI Services ranks #152 out of 782 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, RNFI Services has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does RNFI Services' Return-on-Tangible-Equity compare to MS and GS?
According to the Capital Markets industry distribution chart, RNFI Services ranks #152 out of 782 companies for Return-on-Tangible-Equity. This places RNFI Services in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.52. RNFI Services' value of 24.61% is 277.5% above this benchmark. Historically, RNFI Services' own Return-on-Tangible-Equity has ranged from 24.46 to 95.70 over the past decade. While the company's 10-year median is 46.40 vs. the industry median of 6.52, RNFI Services 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 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. RNFI Services's current Return-on-Tangible-Equity of 24.61% is 277.5% 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 RNFI Services and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RNFI Services's current Return-on-Tangible-Equity is 24.61%, which is 47% below median its own 10-year median of 46.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RNFI Services stock overvalued right now?
RNFI Services (NSE:RNFI) has a current Return-on-Tangible-Equity of 24.61%. The current Return-on-Tangible-Equity is 24.61%, which is 47% below median its 10-year median of 46.40 and 277.5% above the Capital Markets industry median of 6.52. RNFI Services' overall GF Score™ is 42/100 with 5 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 RNFI Services (NSE:RNFI), the current Return-on-Tangible-Equity is 24.61% 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.
RNFI Services Ltd is a business correspondent of various banks and payment banks and engaged in the business of Domestic Money Transfer (DMT), IMPS, Aadhar Enabled Payment System (AEPS), Mobile Recharges, Railway and Air Tickets, Cash Management Services, EMI Collection Services, Delinquent Loan Collection and other incidental business through its merchants (namely Retailers, Distributors, Partners and Super Distributors) network across India. The group's reportable segments are: Business Correspondent, Non-Business Correspondent, Full Fledge Money Changer, and Direct Insurance Broking. Maximum revenue is generated from its Full Fledge Money Changer segment, which comprises all sales and purchases of foreign currency and services belonging to FFMC (Full Fledge Money Changer).
42GF Score
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