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Usha Financial ServicesNSE:USHAFIN -4.35%12 Return-on-Tangible-Equity is 11.42% as of Mar. 2026, which is 12% above its 10-year median of 10.20. GuruFocus rates NSE:USHAFIN with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 525 Credit Services companies, Usha Financial Services ranks better than 53.33% 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. Usha Financial Services's annualized net income for the quarter that ended in Mar. 2026 was ₹262.1 Mil. Usha Financial Services's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹2,294.1 Mil. Therefore, Usha Financial Services's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.42%.
The historical rank and industry rank for Usha Financial Services's Return-on-Tangible-Equity or its related term are showing as below:
NSE:USHAFIN'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 7.81 Med: 10.2 Max: 15.68
Current: 7.81
During the past 5 years, Usha Financial Services's highest Return-on-Tangible-Equity was 15.68%. The lowest was 7.81%. And the median was 10.20%.
NSE:USHAFIN's Return-on-Tangible-Equity is ranked better than 53.33% of 525
companies
in the Credit Services industry
Industry Median: 7.01
vs NSE:USHAFIN: 7.81
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.
Usha Financial Services Return-on-Tangible-Equity Related Terms
Usha Financial Services Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Usha Financial Services'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:USHAFIN vs V, MA, AXP: Return-on-Tangible-Equity Comparison
For the Credit Services subindustry, Usha Financial Services'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.
Usha Financial Services Return-on-Tangible-Equity vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Usha Financial Services's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Usha Financial Services'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 11.42% mean?
Usha Financial Services (NSE:USHAFIN) has a Return-on-Tangible-Equity of 11.42% 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 Usha Financial Services and its competitors. This is 12% above median its historical median of 10.20. Over the past decade, Usha Financial Services' Return-on-Tangible-Equity has ranged from 7.81 to 15.68. According to the industry distribution chart, Usha Financial Services ranks #245 out of 525 companies in the Credit Services industry, placing it in the top 46.7%.
Is Usha Financial Services' Return-on-Tangible-Equity too high?
Usha Financial Services' current Return-on-Tangible-Equity of 11.42% is 12% above median its 10-year median of 10.20. Over the past 10 years, this metric has ranged from a low of 7.81 to a high of 15.68. The Credit Services industry median Return-on-Tangible-Equity is 7.01. Usha Financial Services' value of 11.42% is 62.9% above this industry median. Based on the distribution chart, Usha Financial Services ranks #245 out of 525 companies in the Credit Services industry, which is above the industry midpoint. Overall, Usha Financial Services has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Usha Financial Services' Return-on-Tangible-Equity compare to V and MA?
According to the Credit Services industry distribution chart, Usha Financial Services ranks #245 out of 525 companies for Return-on-Tangible-Equity. This puts Usha Financial Services in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.01. Usha Financial Services' value of 11.42% is 62.9% above this benchmark. Historically, Usha Financial Services' own Return-on-Tangible-Equity has ranged from 7.81 to 15.68 over the past decade. While the company's 10-year median is 10.20 vs. the industry median of 7.01, Usha Financial Services 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 Credit Services company?
The median Return-on-Tangible-Equity among Credit Services companies is 7.01, based on 525 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. Usha Financial Services's current Return-on-Tangible-Equity of 11.42% is 62.9% 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 Usha Financial Services and its competitors. For the Credit Services industry, the median Return-on-Tangible-Equity is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usha Financial Services's current Return-on-Tangible-Equity is 11.42%, which is 12% above median its own 10-year median of 10.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usha Financial Services stock overvalued right now?
Usha Financial Services (NSE:USHAFIN) has a current Return-on-Tangible-Equity of 11.42%. The current Return-on-Tangible-Equity is 11.42%, which is 12% above median its 10-year median of 10.20 and 62.9% above the Credit Services industry median of 7.01. Usha Financial Services' overall GF Score™ is 12/100 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 Usha Financial Services (NSE:USHAFIN), the current Return-on-Tangible-Equity is 11.42% 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.
Usha Financial Services Ltd is a non-banking finance company. It provides lending solutions to fellow NBFCs, corporates, MSMEs, and individuals, particularly to women entrepreneurs. The company's services also extend to Electric vehicle (EV) financing. It provides diversified financial products to individuals, bodies corporates, NBFCs, and MSMEs.
12GF Score
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