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Shanti Gold InternationalNSE:SHANTIGOLD +0.53%18 Return-on-Tangible-Equity is 34.75% as of Mar. 2026, which is 5% above its 10-year median of 33.11. GuruFocus rates NSE:SHANTIGOLD with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 1,065 Retail - Cyclical companies, Shanti Gold International ranks better than 81.78% 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. Shanti Gold International's annualized net income for the quarter that ended in Mar. 2026 was ₹2,077 Mil. Shanti Gold International's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹5,977 Mil. Therefore, Shanti Gold International's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 34.75%.
The historical rank and industry rank for Shanti Gold International's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SHANTIGOLD'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.61 Med: 33.11 Max: 43.45
Current: 31.55
During the past 5 years, Shanti Gold International's highest Return-on-Tangible-Equity was 43.45%. The lowest was 6.61%. And the median was 33.11%.
NSE:SHANTIGOLD's Return-on-Tangible-Equity is ranked better than 81.78% of 1065
companies
in the Retail - Cyclical industry
Industry Median: 8.33
vs NSE:SHANTIGOLD: 31.55
Shanti Gold International (NSE:SHANTIGOLD) 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.
Shanti Gold International Return-on-Tangible-Equity Related Terms
Shanti Gold International Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shanti Gold International'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.
Shanti Gold International Return-on-Tangible-Equity Chart
NSE:SHANTIGOLD vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Shanti Gold International'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.
Shanti Gold International Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shanti Gold International's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shanti Gold International'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 34.75% mean?
Shanti Gold International (NSE:SHANTIGOLD) has a Return-on-Tangible-Equity of 34.75% 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 Shanti Gold International and its competitors. This is near median its historical median of 33.11. Over the past decade, Shanti Gold International's Return-on-Tangible-Equity has ranged from 6.61 to 43.45. According to the industry distribution chart, Shanti Gold International ranks #194 out of 1065 companies in the Retail - Cyclical industry, placing it in the top 18.2%.
Is Shanti Gold International's Return-on-Tangible-Equity too high?
Shanti Gold International's current Return-on-Tangible-Equity of 34.75% is near median its 10-year median of 33.11. Over the past 10 years, this metric has ranged from a low of 6.61 to a high of 43.45. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.33. Shanti Gold International's value of 34.75% is 317.2% above this industry median. Based on the distribution chart, Shanti Gold International ranks #194 out of 1065 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Shanti Gold International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Shanti Gold International's Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shanti Gold International ranks #194 out of 1065 companies for Return-on-Tangible-Equity. This places Shanti Gold International in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 8.33. Shanti Gold International's value of 34.75% is 317.2% above this benchmark. Historically, Shanti Gold International's own Return-on-Tangible-Equity has ranged from 6.61 to 43.45 over the past decade. While the company's 10-year median is 33.11 vs. the industry median of 8.33, Shanti Gold International 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 8.33, based on 1,065 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. Shanti Gold International's current Return-on-Tangible-Equity of 34.75% is 317.2% 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 Shanti Gold International and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanti Gold International's current Return-on-Tangible-Equity is 34.75%, which is near median its own 10-year median of 33.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanti Gold International stock overvalued right now?
Shanti Gold International (NSE:SHANTIGOLD) has a current Return-on-Tangible-Equity of 34.75%. The current Return-on-Tangible-Equity is 34.75%, which is near median its 10-year median of 33.11 and 317.2% above the Retail - Cyclical industry median of 8.33. Shanti Gold International's overall GF Score™ is 18/100 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 Shanti Gold International (NSE:SHANTIGOLD), the current Return-on-Tangible-Equity is 34.75% 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.
Shanti Gold International Ltd is one of the manufacturers of high-quality 22kt CZ casting gold jewellery, specializing in the design and production of all types of gold jewellery. The Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.
18GF Score
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