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Devson CatalystBOM:544823 +0.46%24 Return-on-Tangible-Asset is 30.94% as of Mar. 2026, which is 16% above its 10-year median of 26.61. GuruFocus rates BOM:544823 with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 1,622 Chemicals companies, Devson Catalyst ranks better than 99.69% 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. Devson Catalyst's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹117.7 Mil. Devson Catalyst's average total tangible assets for the quarter that ended in Mar. 2026 was ₹380.6 Mil. Therefore, Devson Catalyst's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 30.94%.
The historical rank and industry rank for Devson Catalyst's Return-on-Tangible-Asset or its related term are showing as below:
BOM:544823'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.7 Med: 26.61 Max: 36.29
Current: 36.29
During the past 4 years, Devson Catalyst's highest Return-on-Tangible-Asset was 36.29%. The lowest was 14.70%. And the median was 26.61%.
BOM:544823's Return-on-Tangible-Asset is ranked better than 99.69% of 1622
companies
in the Chemicals industry
Industry Median: 3.62
vs BOM:544823: 36.29
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.
Devson Catalyst Return-on-Tangible-Asset Related Terms
Devson Catalyst Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Devson Catalyst'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.
Devson Catalyst Return-on-Tangible-Asset Chart
Devson Catalyst Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Asset
14.70
21.82
31.40
36.29
Devson Catalyst Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Return-on-Tangible-Asset
0.00
0.00
0.00
42.89
30.94
BOM:544823 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Devson Catalyst'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.
Devson Catalyst Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Devson Catalyst's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Devson Catalyst'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 30.94% mean?
Devson Catalyst (BOM:544823) has a Return-on-Tangible-Asset of 30.94% 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 Devson Catalyst and its competitors. This is 16% above median its historical median of 26.61. Over the past decade, Devson Catalyst's Return-on-Tangible-Asset has ranged from 14.70 to 36.29. According to the industry distribution chart, Devson Catalyst ranks #5 out of 1622 companies in the Chemicals industry, placing it in the top 0.3%.
Is Devson Catalyst's Return-on-Tangible-Asset too high?
Devson Catalyst's current Return-on-Tangible-Asset of 30.94% is 16% above median its 10-year median of 26.61. Over the past 10 years, this metric has ranged from a low of 14.70 to a high of 36.29. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Devson Catalyst's value of 30.94% is 754.7% above this industry median. Based on the distribution chart, Devson Catalyst ranks #5 out of 1622 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Devson Catalyst has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Devson Catalyst's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Devson Catalyst ranks #5 out of 1622 companies for Return-on-Tangible-Asset. This places Devson Catalyst in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.62. Devson Catalyst's value of 30.94% is 754.7% above this benchmark. Historically, Devson Catalyst's own Return-on-Tangible-Asset has ranged from 14.70 to 36.29 over the past decade. While the company's 10-year median is 26.61 vs. the industry median of 3.62, Devson Catalyst 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 3.62, based on 1,622 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. Devson Catalyst's current Return-on-Tangible-Asset of 30.94% is 754.7% 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 Devson Catalyst and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devson Catalyst's current Return-on-Tangible-Asset is 30.94%, which is 16% above median its own 10-year median of 26.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devson Catalyst stock overvalued right now?
Devson Catalyst (BOM:544823) has a current Return-on-Tangible-Asset of 30.94%. The current Return-on-Tangible-Asset is 30.94%, which is 16% above median its 10-year median of 26.61 and 754.7% above the Chemicals industry median of 3.62. Devson Catalyst's overall GF Score™ is 24/100 with 5 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 Devson Catalyst (BOM:544823), the current Return-on-Tangible-Asset is 30.94% 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.
Devson Catalyst Ltd is engaged in the business of manufacturing catalysts, adsorbents and ceramic balls, catering to industries such as oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. The Company has a presence in both the domestic and international markets. The majority of revenue is derived from the sale of Catalysts, which enable chemical reactions to occur faster and more efficiently without being consumed during the process, in the domestic markets.
24GF Score
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