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Mehul ColoursBOM:544472 24 Return-on-Tangible-Asset is 8.59% as of Mar. 2026, which is 67% below its 10-year median of 26.06. GuruFocus rates BOM:544472 with a GF Score™ of 24/100. The stock has 4 warning signs investors should review. Among 1,625 Chemicals companies, Mehul Colours ranks better than 93.05% 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. Mehul Colours's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹38.6 Mil. Mehul Colours's average total tangible assets for the quarter that ended in Mar. 2026 was ₹449.4 Mil. Therefore, Mehul Colours's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.59%.
The historical rank and industry rank for Mehul Colours's Return-on-Tangible-Asset or its related term are showing as below:
BOM:544472'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.4 Med: 26.06 Max: 33.53
Current: 14.4
During the past 5 years, Mehul Colours's highest Return-on-Tangible-Asset was 33.53%. The lowest was 14.40%. And the median was 26.06%.
BOM:544472's Return-on-Tangible-Asset is ranked better than 93.05% of 1625
companies
in the Chemicals industry
Industry Median: 3.63
vs BOM:544472: 14.40
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.
Mehul Colours Return-on-Tangible-Asset Related Terms
Mehul Colours Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mehul Colours'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.
Mehul Colours Return-on-Tangible-Asset Chart
Mehul Colours Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Asset
15.17
28.46
26.01
33.47
16.28
Mehul Colours Semi-Annual Data
Sep24
Sep25
Mar26
Return-on-Tangible-Asset
30.42
21.43
8.59
BOM:544472 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Mehul Colours'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.
Mehul Colours Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Mehul Colours's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mehul Colours'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.59% mean?
Mehul Colours (BOM:544472) has a Return-on-Tangible-Asset of 8.59% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Mehul Colours and its competitors. This is 67% below median its historical median of 26.06. Over the past decade, Mehul Colours' Return-on-Tangible-Asset has ranged from 14.40 to 33.53. According to the industry distribution chart, Mehul Colours ranks #113 out of 1625 companies in the Chemicals industry, placing it in the top 7%.
Is Mehul Colours' Return-on-Tangible-Asset too high?
Mehul Colours' current Return-on-Tangible-Asset of 8.59% is 67% below median its 10-year median of 26.06. Over the past 10 years, this metric has ranged from a low of 14.40 to a high of 33.53. The Chemicals industry median Return-on-Tangible-Asset is 3.63. Mehul Colours' value of 8.59% is 136.6% above this industry median. Based on the distribution chart, Mehul Colours ranks #113 out of 1625 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Mehul Colours has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Mehul Colours' Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Mehul Colours ranks #113 out of 1625 companies for Return-on-Tangible-Asset. This places Mehul Colours in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.63. Mehul Colours' value of 8.59% is 136.6% above this benchmark. Historically, Mehul Colours' own Return-on-Tangible-Asset has ranged from 14.40 to 33.53 over the past decade. While the company's 10-year median is 26.06 vs. the industry median of 3.63, Mehul Colours 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. Mehul Colours's current Return-on-Tangible-Asset of 8.59% is 136.6% 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 Mehul Colours 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. Mehul Colours's current Return-on-Tangible-Asset is 8.59%, which is 67% below median its own 10-year median of 26.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mehul Colours stock overvalued right now?
Mehul Colours (BOM:544472) has a current Return-on-Tangible-Asset of 8.59%. The current Return-on-Tangible-Asset is 8.59%, which is 67% below median its 10-year median of 26.06 and 136.6% above the Chemicals industry median of 3.63. Mehul Colours' overall GF Score™ is 24/100 with 4 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 Mehul Colours (BOM:544472), the current Return-on-Tangible-Asset is 8.59% 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.
Mehul Colours Ltd is engaged in the manufacturing of masterbatches, which are used in the plastics industry to impart colour and enhance the functional properties of plastic products. Masterbatches are concentrated mixtures of pigments and additives that are uniformly dispersed in polymer carriers, facilitating the effective integration of colour and performance-enhancing properties into plastic products. In addition to manufacturing masterbatches, it is also engaged in the sale of pigments, which are blended by the company to create customized pigment solutions tailored to specific industry and customer requirements.
24GF Score
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