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Banco Products (India)BOM:500039 -0.84%78 Return-on-Tangible-Asset is 16.04% as of Jun. 2026, which is 52% above its 10-year median of 10.54. GuruFocus rates BOM:500039 with a GF Score™ of 78/100 and a GF Value™ of ₹573.53 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,331 Vehicles & Parts companies, Banco Products (India) ranks better than 96.24% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Banco Products (India)'s annualizedNet Income for the quarter that ended in Jun. 2026 was ₹4,895 Mil. Banco Products (India)'s average total tangible assets for the quarter that ended in Jun. 2026 was ₹30,513 Mil. Therefore, Banco Products (India)'s annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.04%.
The historical rank and industry rank for Banco Products (India)'s Return-on-Tangible-Asset or its related term are showing as below:
BOM:500039'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.67 Med: 10.54 Max: 16.54
Current: 16.54
During the past 13 years, Banco Products (India)'s highest Return-on-Tangible-Asset was 16.54%. The lowest was 5.67%. And the median was 10.54%.
BOM:500039's Return-on-Tangible-Asset is ranked better than 96.24% of 1331
companies
in the Vehicles & Parts industry
Industry Median: 3.26
vs BOM:500039: 16.54
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Banco Products (India) Return-on-Tangible-Asset Related Terms
Banco Products (India) Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Banco Products (India)'s Return-on-Tangible-Asset 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:500039 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Banco Products (India)'s Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Banco Products (India) Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Banco Products (India)'s Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Banco Products (India)'s Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.04% mean?
Banco Products (India) (BOM:500039) has a Return-on-Tangible-Asset of 16.04% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Banco Products (India) and its competitors. This is 52% above median its historical median of 10.54. Over the past decade, Banco Products (India)'s Return-on-Tangible-Asset has ranged from 5.67 to 16.54. According to the industry distribution chart, Banco Products (India) ranks #50 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 3.8%.
Is Banco Products (India)'s Return-on-Tangible-Asset too high?
Banco Products (India)'s current Return-on-Tangible-Asset of 16.04% is 52% above median its 10-year median of 10.54. Over the past 10 years, this metric has ranged from a low of 5.67 to a high of 16.54. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.26. Banco Products (India)'s value of 16.04% is 392% above this industry median. Based on the distribution chart, Banco Products (India) ranks #50 out of 1331 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Banco Products (India) has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Banco Products (India)'s Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Banco Products (India) ranks #50 out of 1331 companies for Return-on-Tangible-Asset. This places Banco Products (India) in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.26. Banco Products (India)'s value of 16.04% is 392% above this benchmark. Historically, Banco Products (India)'s own Return-on-Tangible-Asset has ranged from 5.67 to 16.54 over the past decade. While the company's 10-year median is 10.54 vs. the industry median of 3.26, Banco Products (India) 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-Asset for a Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.26, based on 1,331 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Banco Products (India)'s current Return-on-Tangible-Asset of 16.04% is 392% 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-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Banco Products (India) and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Products (India)'s current Return-on-Tangible-Asset is 16.04%, which is 52% above median its own 10-year median of 10.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Products (India) stock overvalued right now?
Based on GuruFocus' analysis, Banco Products (India) (BOM:500039) is currently considered Fairly Valued. The stock's GF Value™ is ₹573.53, compared to a current price of ₹628.70 — trading 9.6% above its estimated fair value. The current Return-on-Tangible-Asset is 16.04%, which is 52% above median its 10-year median of 10.54 and 392% above the Vehicles & Parts industry median of 3.26. Banco Products (India)'s overall GF Score™ is 78/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Banco Products (India) (BOM:500039), the current Return-on-Tangible-Asset is 16.04% as of Jun. 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 Banco Products (India) (BOM:500039) Overvalued in 2026?
Based on GuruFocus' analysis, Banco Products (India) stock appears to be overvalued.
The current stock price of ₹628.70 is trading 9.6% above its estimated GF Value™ of ₹573.53.
GuruFocus considers Banco Products (India) to be Fairly Valued.
Key valuation signals for BOM:500039:
Return-on-Tangible-Asset: 16.04% (52% above median its 10-year median of 10.54)
GF Value™: ₹573.53 vs. price of ₹628.70 (9.6% above fair value)
Industry Position: 392% above the Vehicles & Parts median (#50 of 1331)
No single metric tells the full story. See the BOM:500039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco Products (India) Ltd is a company engaged in the manufacturing and selling of radiators. The company manufactures aluminum radiators and copper-brass radiators. Its products include charged air coolers, fuel coolers, oil coolers, cooling systems, sealing gaskets, joint gaskets and sheets, and rubber products. Banco manufactures and supplies original equipment (OE) for commercial vehicles, passenger vehicles, and industrial products. The company caters to the domestic and international markets. The company generates the majority of its revenue within India.
78GF Score
Get the complete analysis for BOM:500039
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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