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Shringar House Of MangalsutraNSE:SHRINGARMS -0.65%18 Return-on-Tangible-Equity is 20.07% as of Mar. 2026, which is 22% below its 10-year median of 25.65. GuruFocus rates NSE:SHRINGARMS with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,060 Retail - Cyclical companies, Shringar House Of Mangalsutra ranks better than 69.43% 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. Shringar House Of Mangalsutra's annualized net income for the quarter that ended in Mar. 2026 was ₹1,360 Mil. Shringar House Of Mangalsutra's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹6,778 Mil. Therefore, Shringar House Of Mangalsutra's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 20.07%.
The historical rank and industry rank for Shringar House Of Mangalsutra's Return-on-Tangible-Equity or its related term are showing as below:
NSE:SHRINGARMS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 17.52 Med: 25.65 Max: 36.2
Current: 17.52
During the past 5 years, Shringar House Of Mangalsutra's highest Return-on-Tangible-Equity was 36.20%. The lowest was 17.52%. And the median was 25.65%.
NSE:SHRINGARMS's Return-on-Tangible-Equity is ranked better than 69.43% of 1060
companies
in the Retail - Cyclical industry
Industry Median: 8.455
vs NSE:SHRINGARMS: 17.52
Shringar House Of Mangalsutra (NSE:SHRINGARMS) 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.
Shringar House Of Mangalsutra Return-on-Tangible-Equity Related Terms
Shringar House Of Mangalsutra 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.
Shringar House Of Mangalsutra Return-on-Tangible-Equity Chart
NSE:SHRINGARMS vs TPR: Return-on-Tangible-Equity Comparison
For the Luxury Goods subindustry, Shringar House Of Mangalsutra'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.
Shringar House Of Mangalsutra Return-on-Tangible-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Shringar House Of Mangalsutra's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shringar House Of Mangalsutra'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 20.07% mean?
Shringar House Of Mangalsutra (NSE:SHRINGARMS) has a Return-on-Tangible-Equity of 20.07% 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 Shringar House Of Mangalsutra and its competitors. This is 22% below median its historical median of 25.65. Over the past decade, Shringar House Of Mangalsutra's Return-on-Tangible-Equity has ranged from 17.52 to 36.20. According to the industry distribution chart, Shringar House Of Mangalsutra ranks #324 out of 1060 companies in the Retail - Cyclical industry, placing it in the top 30.6%.
Is Shringar House Of Mangalsutra's Return-on-Tangible-Equity too high?
Shringar House Of Mangalsutra's current Return-on-Tangible-Equity of 20.07% is 22% below median its 10-year median of 25.65. Over the past 10 years, this metric has ranged from a low of 17.52 to a high of 36.20. The Retail - Cyclical industry median Return-on-Tangible-Equity is 8.46. Shringar House Of Mangalsutra's value of 20.07% is 137.4% above this industry median. Based on the distribution chart, Shringar House Of Mangalsutra ranks #324 out of 1060 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Shringar House Of Mangalsutra has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Shringar House Of Mangalsutra's Return-on-Tangible-Equity compare to TPR?
According to the Retail - Cyclical industry distribution chart, Shringar House Of Mangalsutra ranks #324 out of 1060 companies for Return-on-Tangible-Equity. This puts Shringar House Of Mangalsutra in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.46. Shringar House Of Mangalsutra's value of 20.07% is 137.4% above this benchmark. Historically, Shringar House Of Mangalsutra's own Return-on-Tangible-Equity has ranged from 17.52 to 36.20 over the past decade. While the company's 10-year median is 25.65 vs. the industry median of 8.46, Shringar House Of Mangalsutra 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 8.46, based on 1,060 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. Shringar House Of Mangalsutra's current Return-on-Tangible-Equity of 20.07% is 137.4% 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 Shringar House Of Mangalsutra and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Equity is 8.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shringar House Of Mangalsutra's current Return-on-Tangible-Equity is 20.07%, which is 22% below median its own 10-year median of 25.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shringar House Of Mangalsutra stock overvalued right now?
Shringar House Of Mangalsutra (NSE:SHRINGARMS) has a current Return-on-Tangible-Equity of 20.07%. The current Return-on-Tangible-Equity is 20.07%, which is 22% below median its 10-year median of 25.65 and 137.4% above the Retail - Cyclical industry median of 8.46. Shringar House Of Mangalsutra's overall GF Score™ is 18/100 with 4 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 Shringar House Of Mangalsutra (NSE:SHRINGARMS), the current Return-on-Tangible-Equity is 20.07% 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.
Shringar House Of Mangalsutra Business Description
Shringar House Of Mangalsutra Ltd is amongst the specialised designers and manufacturers of Mangalsutra in India. It is engaged in designing, manufacturing, and marketing, a varied range of Mangalsutra studded with diverse range of stones including but not limited to, American diamond, cubic zirconia, pearl, mother of pearl, and semi-precious stones, in 18k and 22k purity of gold, to its business-to-business (B2B) clients. The company sells Its products to a diverse range of clients including Corporate Clients, wholesale jewellers, and retailers across the country, more particularly in twenty-four (24) states and four (4) union territories.
18GF Score
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