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Ashish PolyplastBOM:530429 -0.76%56 Return-on-Tangible-Asset is 28.59% as of Jun. 2026, which is 967% above its 10-year median of 2.68. GuruFocus rates BOM:530429 with a GF Score™ of 56/100 and a GF Value™ of ₹33.22 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,625 Chemicals companies, Ashish Polyplast ranks better than 60% 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. Ashish Polyplast's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹27.4 Mil. Ashish Polyplast's average total tangible assets for the quarter that ended in Jun. 2026 was ₹0.0 Mil. Therefore, Ashish Polyplast's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 28.59%.
The historical rank and industry rank for Ashish Polyplast's Return-on-Tangible-Asset or its related term are showing as below:
BOM:530429'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.48 Med: 2.68 Max: 10.4
Current: 4.92
During the past 13 years, Ashish Polyplast's highest Return-on-Tangible-Asset was 10.40%. The lowest was 1.48%. And the median was 2.68%.
BOM:530429's Return-on-Tangible-Asset is ranked better than 60% of 1625
companies
in the Chemicals industry
Industry Median: 3.63
vs BOM:530429: 4.92
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.
Ashish Polyplast Return-on-Tangible-Asset Related Terms
Ashish Polyplast Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ashish Polyplast'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:530429 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Ashish Polyplast'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.
Ashish Polyplast Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ashish Polyplast's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ashish Polyplast'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 28.59% mean?
Ashish Polyplast (BOM:530429) has a Return-on-Tangible-Asset of 28.59% 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 Ashish Polyplast and its competitors. This is 967% above median its historical median of 2.68. Over the past decade, Ashish Polyplast's Return-on-Tangible-Asset has ranged from 1.48 to 10.40. According to the industry distribution chart, Ashish Polyplast ranks #650 out of 1625 companies in the Chemicals industry, placing it in the top 40%.
Is Ashish Polyplast's Return-on-Tangible-Asset too high?
Ashish Polyplast's current Return-on-Tangible-Asset of 28.59% is 967% above median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 10.40. The Chemicals industry median Return-on-Tangible-Asset is 3.63. Ashish Polyplast's value of 28.59% is 687.6% above this industry median. Based on the distribution chart, Ashish Polyplast ranks #650 out of 1625 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ashish Polyplast has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ashish Polyplast's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ashish Polyplast ranks #650 out of 1625 companies for Return-on-Tangible-Asset. This puts Ashish Polyplast in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.63. Ashish Polyplast's value of 28.59% is 687.6% above this benchmark. Historically, Ashish Polyplast's own Return-on-Tangible-Asset has ranged from 1.48 to 10.40 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 3.63, Ashish Polyplast 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.63, based on 1,625 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. Ashish Polyplast's current Return-on-Tangible-Asset of 28.59% is 687.6% 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 Ashish Polyplast and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashish Polyplast's current Return-on-Tangible-Asset is 28.59%, which is 967% above median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashish Polyplast stock overvalued right now?
Based on GuruFocus' analysis, Ashish Polyplast (BOM:530429) is currently considered Fairly Valued. The stock's GF Value™ is ₹33.22, compared to a current price of ₹30.45 — trading 8.3% below its estimated fair value. The current Return-on-Tangible-Asset is 28.59%, which is 967% above median its 10-year median of 2.68 and 687.6% above the Chemicals industry median of 3.63. Ashish Polyplast's overall GF Score™ is 56/100 with 2 warning signs 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 Ashish Polyplast (BOM:530429), the current Return-on-Tangible-Asset is 28.59% 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 Ashish Polyplast (BOM:530429) Overvalued in 2026?
Based on GuruFocus' analysis, Ashish Polyplast stock appears to be undervalued.
The current stock price of ₹30.45 is trading 8.3% below its estimated GF Value™ of ₹33.22.
GuruFocus considers Ashish Polyplast to be Fairly Valued.
Key valuation signals for BOM:530429:
Return-on-Tangible-Asset: 28.59% (967% above median its 10-year median of 2.68)
GF Value™: ₹33.22 vs. price of ₹30.45 (8.3% below fair value)
Industry Position: 687.6% above the Chemicals median (#650 of 1625)
No single metric tells the full story. See the BOM:530429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashish Polyplast Ltd is an India-based company principally engaged in the manufacturing of polyvinyl chloride (PVC) pipes. It manufactures and exports braided hoses and flexible PVC hoses. The Company has only one segment, which is PVC Pipes and majorly operates in the domestic market. The company's product portfolio includes Braided hose, Flexible duct hose, Flexible heavy-duty suction and delivery hose, and other related products.
56GF Score
Get the complete analysis for BOM:530429
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