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Ultramarine & PigmentsNSE:ULTRAMAR +0.35%74 Return-on-Tangible-Equity is 6.71% as of Mar. 2026, which is 32% below its 10-year median of 9.81. GuruFocus rates NSE:ULTRAMAR with a GF Score™ of 74/100 and a GF Value™ of ₹580.27 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,567 Chemicals companies, Ultramarine & Pigments ranks better than 62.35% 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. Ultramarine & Pigments's annualized net income for the quarter that ended in Mar. 2026 was ₹566 Mil. Ultramarine & Pigments's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹8,440 Mil. Therefore, Ultramarine & Pigments's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 6.71%.
The historical rank and industry rank for Ultramarine & Pigments's Return-on-Tangible-Equity or its related term are showing as below:
NSE:ULTRAMAR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.05 Med: 9.81 Max: 18.05
Current: 8.49
During the past 13 years, Ultramarine & Pigments's highest Return-on-Tangible-Equity was 18.05%. The lowest was 7.05%. And the median was 9.81%.
NSE:ULTRAMAR's Return-on-Tangible-Equity is ranked better than 62.35% of 1567
companies
in the Chemicals industry
Industry Median: 5.82
vs NSE:ULTRAMAR: 8.49
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.
Ultramarine & Pigments Return-on-Tangible-Equity Related Terms
Ultramarine & Pigments Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ultramarine & Pigments'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:ULTRAMAR vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Ultramarine & Pigments'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.
Ultramarine & Pigments Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ultramarine & Pigments's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ultramarine & Pigments'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 6.71% mean?
Ultramarine & Pigments (NSE:ULTRAMAR) has a Return-on-Tangible-Equity of 6.71% 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 Ultramarine & Pigments and its competitors. This is 32% below median its historical median of 9.81. Over the past decade, Ultramarine & Pigments' Return-on-Tangible-Equity has ranged from 7.05 to 18.05. According to the industry distribution chart, Ultramarine & Pigments ranks #590 out of 1567 companies in the Chemicals industry, placing it in the top 37.7%.
Is Ultramarine & Pigments' Return-on-Tangible-Equity too high?
Ultramarine & Pigments' current Return-on-Tangible-Equity of 6.71% is 32% below median its 10-year median of 9.81. Over the past 10 years, this metric has ranged from a low of 7.05 to a high of 18.05. The Chemicals industry median Return-on-Tangible-Equity is 5.82. Ultramarine & Pigments' value of 6.71% is 15.3% above this industry median. Based on the distribution chart, Ultramarine & Pigments ranks #590 out of 1567 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ultramarine & Pigments has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultramarine & Pigments' Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ultramarine & Pigments ranks #590 out of 1567 companies for Return-on-Tangible-Equity. This puts Ultramarine & Pigments in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.82. Ultramarine & Pigments' value of 6.71% is 15.3% above this benchmark. Historically, Ultramarine & Pigments' own Return-on-Tangible-Equity has ranged from 7.05 to 18.05 over the past decade. While the company's 10-year median is 9.81 vs. the industry median of 5.82, Ultramarine & Pigments 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.82, based on 1,567 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. Ultramarine & Pigments's current Return-on-Tangible-Equity of 6.71% is 15.3% 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 Ultramarine & Pigments and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultramarine & Pigments's current Return-on-Tangible-Equity is 6.71%, which is 32% below median its own 10-year median of 9.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultramarine & Pigments stock overvalued right now?
Based on GuruFocus' analysis, Ultramarine & Pigments (NSE:ULTRAMAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹580.27, compared to a current price of ₹373.75 — trading 35.6% below its estimated fair value. The current Return-on-Tangible-Equity is 6.71%, which is 32% below median its 10-year median of 9.81 and 15.3% above the Chemicals industry median of 5.82. Ultramarine & Pigments' overall GF Score™ is 74/100 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 Ultramarine & Pigments (NSE:ULTRAMAR), the current Return-on-Tangible-Equity is 6.71% 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 Ultramarine & Pigments (NSE:ULTRAMAR) Overvalued in 2026?
Based on GuruFocus' analysis, Ultramarine & Pigments stock appears to be undervalued.
The current stock price of ₹373.75 is trading 35.6% below its estimated GF Value™ of ₹580.27.
GuruFocus considers Ultramarine & Pigments to be Significantly Undervalued.
Key valuation signals for NSE:ULTRAMAR:
Return-on-Tangible-Equity: 6.71% (32% below median its 10-year median of 9.81)
GF Value™: ₹580.27 vs. price of ₹373.75 (35.6% below fair value)
Industry Position: 15.3% above the Chemicals median (#590 of 1567)
No single metric tells the full story. See the NSE:ULTRAMAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultramarine & Pigments Ltd is an Indian company engaged in offering surfactants, pigments, and information technology-enabled services (ITES). The company operates through three segments namely; Chemicals and Allied Products, IT-enabled Services, and Wind Turbine Generator. The organization generates power from a wind turbine. The company generates maximum revenue from Chemicals and Allied Products.
74GF Score
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