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Shigan Quantum TechnologiesNSE:SHIGAN 61 Return-on-Tangible-Equity is 9.36% as of Mar. 2026, which is 19% below its 10-year median of 11.49. GuruFocus rates NSE:SHIGAN with a GF Score™ of 61/100 and a GF Value™ of ₹104.52 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,282 Vehicles & Parts companies, Shigan Quantum Technologies ranks worse than 50.55% 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. Shigan Quantum Technologies's annualized net income for the quarter that ended in Mar. 2026 was ₹86 Mil. Shigan Quantum Technologies's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹921 Mil. Therefore, Shigan Quantum Technologies's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 9.36%.
The historical rank and industry rank for Shigan Quantum Technologies's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SHIGAN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.37 Med: 11.49 Max: 32.69
Current: 7.46
During the past 8 years, Shigan Quantum Technologies's highest Return-on-Tangible-Equity was 32.69%. The lowest was 7.37%. And the median was 11.49%.
NSE:SHIGAN's Return-on-Tangible-Equity is ranked worse than 50.55% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.59
vs NSE:SHIGAN: 7.46
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.
Shigan Quantum Technologies Return-on-Tangible-Equity Related Terms
Shigan Quantum Technologies 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.
NSE:SHIGAN vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Shigan Quantum Technologies'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.
Shigan Quantum Technologies Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shigan Quantum Technologies's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shigan Quantum Technologies'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 9.36% mean?
Shigan Quantum Technologies (NSE:SHIGAN) has a Return-on-Tangible-Equity of 9.36% 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 Shigan Quantum Technologies and its competitors. This is 19% below median its historical median of 11.49. Over the past decade, Shigan Quantum Technologies' Return-on-Tangible-Equity has ranged from 7.37 to 32.69. According to the industry distribution chart, Shigan Quantum Technologies ranks #648 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 50.5%.
Is Shigan Quantum Technologies' Return-on-Tangible-Equity too high?
Shigan Quantum Technologies' current Return-on-Tangible-Equity of 9.36% is 19% below median its 10-year median of 11.49. Over the past 10 years, this metric has ranged from a low of 7.37 to a high of 32.69. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.59. Shigan Quantum Technologies' value of 9.36% is 23.3% above this industry median. Based on the distribution chart, Shigan Quantum Technologies ranks #648 out of 1282 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Shigan Quantum Technologies has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shigan Quantum Technologies' Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shigan Quantum Technologies ranks #648 out of 1282 companies for Return-on-Tangible-Equity. This places Shigan Quantum Technologies in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.59. Shigan Quantum Technologies' value of 9.36% is 23.3% above this benchmark. Historically, Shigan Quantum Technologies' own Return-on-Tangible-Equity has ranged from 7.37 to 32.69 over the past decade. While the company's 10-year median is 11.49 vs. the industry median of 7.59, Shigan Quantum Technologies 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.59, based on 1,282 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. Shigan Quantum Technologies's current Return-on-Tangible-Equity of 9.36% is 23.3% 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 Shigan Quantum Technologies and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shigan Quantum Technologies's current Return-on-Tangible-Equity is 9.36%, which is 19% below median its own 10-year median of 11.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shigan Quantum Technologies stock overvalued right now?
Based on GuruFocus' analysis, Shigan Quantum Technologies (NSE:SHIGAN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹104.52, compared to a current price of ₹65.50 — trading 37.3% below its estimated fair value. The current Return-on-Tangible-Equity is 9.36%, which is 19% below median its 10-year median of 11.49 and 23.3% above the Vehicles & Parts industry median of 7.59. Shigan Quantum Technologies' overall GF Score™ is 61/100 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 Shigan Quantum Technologies (NSE:SHIGAN), the current Return-on-Tangible-Equity is 9.36% 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 Shigan Quantum Technologies (NSE:SHIGAN) Overvalued in 2026?
Based on GuruFocus' analysis, Shigan Quantum Technologies stock appears to be undervalued.
The current stock price of ₹65.50 is trading 37.3% below its estimated GF Value™ of ₹104.52.
GuruFocus considers Shigan Quantum Technologies to be Possible Value Trap.
Key valuation signals for NSE:SHIGAN:
Return-on-Tangible-Equity: 9.36% (19% below median its 10-year median of 11.49)
GF Value™: ₹104.52 vs. price of ₹65.50 (37.3% below fair value)
Industry Position: 23.3% above the Vehicles & Parts median (#648 of 1282)
No single metric tells the full story. See the NSE:SHIGAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shigan Quantum Technologies Ltd is engaged in the business of designing, developing, and manufacturing a variety of alternate fuel systems components, including compressed natural gas, liquefied natural gas, and hydrogen fuel kit systems for original equipment manufacturer suppliers to the auto industry. The company manufactures alternate fuel systems for heavy-duty vehicles, light-duty vehicles, and off-highway applications. Its product portfolio includes CNG filters, engine control units, fuel rails, injectors, filler valves, and others.
61GF Score
Get the complete analysis for NSE:SHIGAN
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