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Vardhman HoldingsNSE:VHL -0.95%66 Return-on-Tangible-Equity is 5.70% as of Mar. 2026, which is 27% below its 10-year median of 7.76. GuruFocus rates NSE:VHL with a GF Score™ of 66/100 and a GF Value™ of ₹1,817.77 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,589 Asset Management companies, Vardhman Holdings ranks worse than 55.19% 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. Vardhman Holdings's annualized net income for the quarter that ended in Mar. 2026 was ₹2,144.80 Mil. Vardhman Holdings's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹37,656.80 Mil. Therefore, Vardhman Holdings's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.70%.
The historical rank and industry rank for Vardhman Holdings's Return-on-Tangible-Equity or its related term are showing as below:
NSE:VHL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 5.78 Med: 7.76 Max: 21.19
Current: 5.87
During the past 13 years, Vardhman Holdings's highest Return-on-Tangible-Equity was 21.19%. The lowest was 5.78%. And the median was 7.76%.
NSE:VHL's Return-on-Tangible-Equity is ranked worse than 55.19% of 1589
companies
in the Asset Management industry
Industry Median: 7.21
vs NSE:VHL: 5.87
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.
Vardhman Holdings Return-on-Tangible-Equity Related Terms
Vardhman Holdings Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Vardhman Holdings'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:VHL vs BLK, BX, KKR: Return-on-Tangible-Equity Comparison
For the Asset Management subindustry, Vardhman Holdings'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.
Vardhman Holdings Return-on-Tangible-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Vardhman Holdings's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Vardhman Holdings'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 5.70% mean?
Vardhman Holdings (NSE:VHL) has a Return-on-Tangible-Equity of 5.70% 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 Vardhman Holdings and its competitors. This is 27% below median its historical median of 7.76. Over the past decade, Vardhman Holdings' Return-on-Tangible-Equity has ranged from 5.78 to 21.19. According to the industry distribution chart, Vardhman Holdings ranks #877 out of 1589 companies in the Asset Management industry, placing it in the top 55.2%.
Is Vardhman Holdings' Return-on-Tangible-Equity too high?
Vardhman Holdings' current Return-on-Tangible-Equity of 5.70% is 27% below median its 10-year median of 7.76. Over the past 10 years, this metric has ranged from a low of 5.78 to a high of 21.19. The Asset Management industry median Return-on-Tangible-Equity is 7.21. Vardhman Holdings' value of 5.70% is 20.9% below this industry median. Based on the distribution chart, Vardhman Holdings ranks #877 out of 1589 companies in the Asset Management industry, which is below the industry midpoint. Overall, Vardhman Holdings has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vardhman Holdings' Return-on-Tangible-Equity compare to BLK and BX?
According to the Asset Management industry distribution chart, Vardhman Holdings ranks #877 out of 1589 companies for Return-on-Tangible-Equity. This places Vardhman Holdings in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.21. Vardhman Holdings' value of 5.70% is 20.9% below this benchmark. Historically, Vardhman Holdings' own Return-on-Tangible-Equity has ranged from 5.78 to 21.19 over the past decade. While the company's 10-year median is 7.76 vs. the industry median of 7.21, Vardhman Holdings 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 an Asset Management company?
The median Return-on-Tangible-Equity among Asset Management companies is 7.21, based on 1,589 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. Vardhman Holdings's current Return-on-Tangible-Equity of 5.70% is 20.9% 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 Vardhman Holdings and its competitors. For the Asset Management industry, the median Return-on-Tangible-Equity is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vardhman Holdings's current Return-on-Tangible-Equity is 5.70%, which is 27% below median its own 10-year median of 7.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vardhman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vardhman Holdings (NSE:VHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1,817.77, compared to a current price of ₹3,477.60 — trading 91.3% above its estimated fair value. The current Return-on-Tangible-Equity is 5.70%, which is 27% below median its 10-year median of 7.76 and 20.9% below the Asset Management industry median of 7.21. Vardhman Holdings' overall GF Score™ is 66/100 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 Vardhman Holdings (NSE:VHL), the current Return-on-Tangible-Equity is 5.70% 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 Vardhman Holdings (NSE:VHL) Overvalued in 2026?
Based on GuruFocus' analysis, Vardhman Holdings stock appears to be overvalued.
The current stock price of ₹3,477.60 is trading 91.3% above its estimated GF Value™ of ₹1,817.77.
GuruFocus considers Vardhman Holdings to be Significantly Overvalued.
Key valuation signals for NSE:VHL:
Return-on-Tangible-Equity: 5.70% (27% below median its 10-year median of 7.76)
GF Value™: ₹1,817.77 vs. price of ₹3,477.60 (91.3% above fair value)
Industry Position: 20.9% below the Asset Management median (#877 of 1589)
No single metric tells the full story. See the NSE:VHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vardhman Holdings Ltd operates as a non-banking financial company. It is engaged in the Investment business, the company's sole segment. The company's portfolio consists of investments in debt, equity, and real estate. The group earns its income from investments.
66GF Score
Get the complete analysis for NSE:VHL
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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