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Salona CotspinNSE:SALONA +0.66%72 Return-on-Tangible-Equity is -6.54% as of Mar. 2026. GuruFocus rates NSE:SALONA with a GF Score™ of 72/100 and a GF Value™ of ₹272.93 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,019 Manufacturing - Apparel & Accessories companies, Salona Cotspin ranks worse than 63% 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. Salona Cotspin's annualized net income for the quarter that ended in Mar. 2026 was ₹-55 Mil. Salona Cotspin's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹834 Mil. Therefore, Salona Cotspin's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -6.54%.
The historical rank and industry rank for Salona Cotspin's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SALONA'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.87 Med: 7.68 Max: 41.59
Current: 1.87
During the past 13 years, Salona Cotspin's highest Return-on-Tangible-Equity was 41.59%. The lowest was 1.87%. And the median was 7.68%.
NSE:SALONA's Return-on-Tangible-Equity is ranked worse than 63% of 1019
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.41
vs NSE:SALONA: 1.87
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.
Salona Cotspin Return-on-Tangible-Equity Related Terms
Salona Cotspin Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Salona Cotspin'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.
For the Textile Manufacturing subindustry, Salona Cotspin'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.
Salona Cotspin Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Salona Cotspin's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Salona Cotspin'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 -6.54% mean?
Salona Cotspin (NSE:SALONA) has a Return-on-Tangible-Equity of -6.54% 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 Salona Cotspin and its competitors. Over the past decade, Salona Cotspin's Return-on-Tangible-Equity has ranged from 1.87 to 41.59. According to the industry distribution chart, Salona Cotspin ranks #642 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63%.
Is Salona Cotspin's Return-on-Tangible-Equity too high?
Salona Cotspin's current Return-on-Tangible-Equity is -6.54%. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 41.59. Based on the distribution chart, Salona Cotspin ranks #642 out of 1019 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Salona Cotspin has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Salona Cotspin's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Salona Cotspin ranks #642 out of 1019 companies for Return-on-Tangible-Equity. This places Salona Cotspin in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.41. Historically, Salona Cotspin's own Return-on-Tangible-Equity has ranged from 1.87 to 41.59 over the past decade. 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 4.41, based on 1,019 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 Salona Cotspin and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salona Cotspin's current Return-on-Tangible-Equity is -6.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salona Cotspin stock overvalued right now?
Based on GuruFocus' analysis, Salona Cotspin (NSE:SALONA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹272.93, compared to a current price of ₹243.90 — trading 10.6% below its estimated fair value. The current Return-on-Tangible-Equity is -6.54%. Salona Cotspin's overall GF Score™ is 72/100 with 8 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 Salona Cotspin (NSE:SALONA), the current Return-on-Tangible-Equity is -6.54% 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 Salona Cotspin (NSE:SALONA) Overvalued in 2026?
Based on GuruFocus' analysis, Salona Cotspin stock appears to be undervalued.
The current stock price of ₹243.90 is trading 10.6% below its estimated GF Value™ of ₹272.93.
GuruFocus considers Salona Cotspin to be Modestly Undervalued.
Key valuation signals for NSE:SALONA:
Return-on-Tangible-Equity: -6.54%
GF Value™: ₹272.93 vs. price of ₹243.90 (10.6% below fair value)
No single metric tells the full story. See the NSE:SALONA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Salona Cotspin Ltd is an India-based company engaged in manufacturing and selling of Cotton Yarn, Knitted Fabrics, and Garments. The company caters to both domestic and international markets. The company has only one segment which is the Textile Business.
72GF Score
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