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Candour TechtexBOM:522292 -1.79%48 Quick Ratio is 4.03 as of Mar. 2026, which is 196% above its 10-year median of 1.36. GuruFocus rates BOM:522292 with a GF Score™ of 48/100 and a GF Value™ of ₹25.63 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,074 Industrial Products companies, Candour Techtex ranks better than 89.59% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Candour Techtex's quick ratio for the quarter that ended in Mar. 2026 was 4.03.
Candour Techtex has a quick ratio of 4.03. It generally indicates good short-term financial strength.
The historical rank and industry rank for Candour Techtex's Quick Ratio or its related term are showing as below:
BOM:522292'
s Quick Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.36 Max: 4.03
Current: 4.03
During the past 13 years, Candour Techtex's highest Quick Ratio was 4.03. The lowest was 0.71. And the median was 1.36.
BOM:522292's Quick Ratio is ranked better than 89.59% of 3074
companies
in the Industrial Products industry
Industry Median: 1.39
vs BOM:522292: 4.03
Candour Techtex (BOM:522292) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Candour Techtex Quick Ratio Related Terms
Candour Techtex Quick Ratio Historical Data
* Premium members only.
The historical data trend for Candour Techtex's Quick Ratio 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.
BOM:522292 vs GEV, ETN, PH: Quick Ratio Comparison
For the Specialty Industrial Machinery subindustry, Candour Techtex's Quick Ratio, along with its competitors' market caps and Quick Ratio 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.
Candour Techtex Quick Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Candour Techtex's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Candour Techtex's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Candour Techtex's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Candour Techtex (BOM:522292) has a Quick Ratio of 4.03 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Candour Techtex and its competitors. This is 196% above median its historical median of 1.36. Over the past decade, Candour Techtex's Quick Ratio has ranged from 0.71 to 4.03. According to the industry distribution chart, Candour Techtex ranks #320 out of 3074 companies in the Industrial Products industry, placing it in the top 10.4%.
Is Candour Techtex's Quick Ratio too high?
Candour Techtex's current Quick Ratio of 4.03 is 196% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 4.03. The Industrial Products industry median Quick Ratio is 1.39. Candour Techtex's value of 4.03 is 189.9% above this industry median. Based on the distribution chart, Candour Techtex ranks #320 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Candour Techtex has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Candour Techtex's Quick Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Candour Techtex ranks #320 out of 3074 companies for Quick Ratio. This places Candour Techtex in the top 10% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.39. Candour Techtex's value of 4.03 is 189.9% above this benchmark. Historically, Candour Techtex's own Quick Ratio has ranged from 0.71 to 4.03 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.39, Candour Techtex 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 Quick Ratio for an Industrial Products company?
The median Quick Ratio among Industrial Products companies is 1.39, based on 3,074 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Candour Techtex's current Quick Ratio of 4.03 is 189.9% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Candour Techtex and its competitors. For the Industrial Products industry, the median Quick Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Candour Techtex's current Quick Ratio is 4.03, which is 196% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Candour Techtex stock overvalued right now?
Based on GuruFocus' analysis, Candour Techtex (BOM:522292) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹25.63, compared to a current price of ₹78.88 — trading 207.8% above its estimated fair value. The current Quick Ratio is 4.03, which is 196% above median its 10-year median of 1.36 and 189.9% above the Industrial Products industry median of 1.39. Candour Techtex's overall GF Score™ is 48/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Candour Techtex (BOM:522292), the current Quick Ratio is 4.03 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 Candour Techtex (BOM:522292) Overvalued in 2026?
Based on GuruFocus' analysis, Candour Techtex stock appears to be overvalued.
The current stock price of ₹78.88 is trading 207.8% above its estimated GF Value™ of ₹25.63.
GuruFocus considers Candour Techtex to be Significantly Overvalued.
Key valuation signals for BOM:522292:
Quick Ratio: 4.03 (196% above median its 10-year median of 1.36)
GF Value™: ₹25.63 vs. price of ₹78.88 (207.8% above fair value)
Industry Position: 189.9% above the Industrial Products median (#320 of 3074)
No single metric tells the full story. See the BOM:522292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Candour Techtex Ltd deals in diversified business activities, primarily in the manufacturing and trading of textiles, plastics and other items. In addition, it also manufactures velvet fabrics. The operating segments of the company are the Textile division; Plastic division, Trading Division and Technical Textiles Division. It derives maximum revenue from the Trading division. The organization also manufactures plastic crates and other allied plastic products. The company has business operations in India and internationally. Its product offerings comprise die-casting machines, Injection Moulding Machines, and Rubber Injection Moulding machines, among others.
48GF Score
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