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TSC IndiaNSE:TSC -3.55%16 Return-on-Tangible-Equity is 2.72% as of Mar. 2026, which is 91% below its 10-year median of 29.54. GuruFocus rates NSE:TSC with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 793 Travel & Leisure companies, TSC India ranks better than 59.65% 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. TSC India's annualized net income for the quarter that ended in Mar. 2026 was ₹10.8 Mil. TSC India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹398.2 Mil. Therefore, TSC India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 2.72%.
The historical rank and industry rank for TSC India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:TSC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.6 Med: 29.54 Max: 62.85
Current: 11.6
During the past 4 years, TSC India's highest Return-on-Tangible-Equity was 62.85%. The lowest was 11.60%. And the median was 29.54%.
NSE:TSC's Return-on-Tangible-Equity is ranked better than 59.65% of 793
companies
in the Travel & Leisure industry
Industry Median: 7.69
vs NSE:TSC: 11.60
TSC India (NSE:TSC) 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.
TSC India Return-on-Tangible-Equity Related Terms
TSC India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for TSC India'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:TSC vs BKNG, ABNB, RCL: Return-on-Tangible-Equity Comparison
For the Travel Services subindustry, TSC India'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.
TSC India Return-on-Tangible-Equity vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TSC India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where TSC India'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 2.72% mean?
TSC India (NSE:TSC) has a Return-on-Tangible-Equity of 2.72% 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 TSC India and its competitors. This is 91% below median its historical median of 29.54. Over the past decade, TSC India's Return-on-Tangible-Equity has ranged from 11.60 to 62.85. According to the industry distribution chart, TSC India ranks #320 out of 793 companies in the Travel & Leisure industry, placing it in the top 40.4%.
Is TSC India's Return-on-Tangible-Equity too high?
TSC India's current Return-on-Tangible-Equity of 2.72% is 91% below median its 10-year median of 29.54. Over the past 10 years, this metric has ranged from a low of 11.60 to a high of 62.85. The Travel & Leisure industry median Return-on-Tangible-Equity is 7.69. TSC India's value of 2.72% is 64.6% below this industry median. Based on the distribution chart, TSC India ranks #320 out of 793 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TSC India has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does TSC India's Return-on-Tangible-Equity compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSC India ranks #320 out of 793 companies for Return-on-Tangible-Equity. This puts TSC India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.69. TSC India's value of 2.72% is 64.6% below this benchmark. Historically, TSC India's own Return-on-Tangible-Equity has ranged from 11.60 to 62.85 over the past decade. While the company's 10-year median is 29.54 vs. the industry median of 7.69, TSC India has consistently been below 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 Travel & Leisure company?
The median Return-on-Tangible-Equity among Travel & Leisure companies is 7.69, based on 793 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. TSC India's current Return-on-Tangible-Equity of 2.72% is 64.6% below 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 TSC India and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Equity is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSC India's current Return-on-Tangible-Equity is 2.72%, which is 91% below median its own 10-year median of 29.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSC India stock overvalued right now?
TSC India (NSE:TSC) has a current Return-on-Tangible-Equity of 2.72%. The current Return-on-Tangible-Equity is 2.72%, which is 91% below median its 10-year median of 29.54 and 64.6% below the Travel & Leisure industry median of 7.69. TSC India's overall GF Score™ is 16/100 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 TSC India (NSE:TSC), the current Return-on-Tangible-Equity is 2.72% 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.
TSC India Ltd is a travel management company which specializes in providing comprehensive air ticketing services tailored to the requirements of its clients. The Company is focused on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end user customers. Its operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence.
16GF Score
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Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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