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Concord DrugsBOM:538965 -0.34%65 Return-on-Tangible-Asset is 5.95% as of Jun. 2026, which is 775% above its 10-year median of 0.68. GuruFocus rates BOM:538965 with a GF Score™ of 65/100 and a GF Value™ of ₹64.47 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,007 Drug Manufacturers companies, Concord Drugs ranks better than 50.45% 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. Concord Drugs's annualizedNet Income for the quarter that ended in Jun. 2026 was ₹44.6 Mil. Concord Drugs's average total tangible assets for the quarter that ended in Jun. 2026 was ₹748.9 Mil. Therefore, Concord Drugs's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 5.95%.
The historical rank and industry rank for Concord Drugs's Return-on-Tangible-Asset or its related term are showing as below:
BOM:538965'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.3 Med: 0.68 Max: 6.08
Current: 2.95
During the past 13 years, Concord Drugs's highest Return-on-Tangible-Asset was 6.08%. The lowest was 0.30%. And the median was 0.68%.
BOM:538965's Return-on-Tangible-Asset is ranked better than 50.45% of 1007
companies
in the Drug Manufacturers industry
Industry Median: 2.8
vs BOM:538965: 2.95
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.
Concord Drugs Return-on-Tangible-Asset Related Terms
Concord Drugs Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Concord Drugs'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:538965 vs ZTS: Return-on-Tangible-Asset Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Concord Drugs'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.
Concord Drugs Return-on-Tangible-Asset vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Concord Drugs's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Concord Drugs'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 5.95% mean?
Concord Drugs (BOM:538965) has a Return-on-Tangible-Asset of 5.95% 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 Concord Drugs and its competitors. This is 775% above median its historical median of 0.68. Over the past decade, Concord Drugs' Return-on-Tangible-Asset has ranged from 0.30 to 6.08. According to the industry distribution chart, Concord Drugs ranks #499 out of 1007 companies in the Drug Manufacturers industry, placing it in the top 49.6%.
Is Concord Drugs' Return-on-Tangible-Asset too high?
Concord Drugs' current Return-on-Tangible-Asset of 5.95% is 775% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 6.08. The Drug Manufacturers industry median Return-on-Tangible-Asset is 2.80. Concord Drugs' value of 5.95% is 112.5% above this industry median. Based on the distribution chart, Concord Drugs ranks #499 out of 1007 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Concord Drugs has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Concord Drugs' Return-on-Tangible-Asset compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Concord Drugs ranks #499 out of 1007 companies for Return-on-Tangible-Asset. This puts Concord Drugs in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.80. Concord Drugs' value of 5.95% is 112.5% above this benchmark. Historically, Concord Drugs' own Return-on-Tangible-Asset has ranged from 0.30 to 6.08 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 2.80, Concord Drugs 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 Drug Manufacturers company?
The median Return-on-Tangible-Asset among Drug Manufacturers companies is 2.80, based on 1,007 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. Concord Drugs's current Return-on-Tangible-Asset of 5.95% is 112.5% 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 Concord Drugs and its competitors. For the Drug Manufacturers industry, the median Return-on-Tangible-Asset is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Concord Drugs's current Return-on-Tangible-Asset is 5.95%, which is 775% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concord Drugs stock overvalued right now?
Based on GuruFocus' analysis, Concord Drugs (BOM:538965) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹64.47, compared to a current price of ₹79.68 — trading 23.6% above its estimated fair value. The current Return-on-Tangible-Asset is 5.95%, which is 775% above median its 10-year median of 0.68 and 112.5% above the Drug Manufacturers industry median of 2.80. Concord Drugs' overall GF Score™ is 65/100 with 6 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 Concord Drugs (BOM:538965), the current Return-on-Tangible-Asset is 5.95% 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 Concord Drugs (BOM:538965) Overvalued in 2026?
Based on GuruFocus' analysis, Concord Drugs stock appears to be overvalued.
The current stock price of ₹79.68 is trading 23.6% above its estimated GF Value™ of ₹64.47.
GuruFocus considers Concord Drugs to be Modestly Overvalued.
Key valuation signals for BOM:538965:
Return-on-Tangible-Asset: 5.95% (775% above median its 10-year median of 0.68)
GF Value™: ₹64.47 vs. price of ₹79.68 (23.6% above fair value)
Industry Position: 112.5% above the Drug Manufacturers median (#499 of 1007)
No single metric tells the full story. See the BOM:538965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Concord Drugs Ltd is an India based pharmaceutical company. The principal activity of the company is to manufacture licensed drugs based on the formulations approved. Its product portfolio includes Pharmaceutical Ready to fill Pellets, MUPS ((Multiple Unit Pellets System); Tissue Bio Adhesive; Injectables (Small Volume Parenterals); Capsules; Liquid Orals (Syrups & Suspensions); Dry Syrups (Powder) and Hand Sanitizers.
65GF Score
Get the complete analysis for BOM:538965
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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