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Apcotex IndustriesNSE:APCOTEXIND +0.44%86 Return-on-Tangible-Asset is 14.09% as of Mar. 2026, which is 34% above its 10-year median of 10.53. GuruFocus rates NSE:APCOTEXIND with a GF Score™ of 86/100 and a GF Value™ of ₹533.43 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,611 Chemicals companies, Apcotex Industries ranks better than 87.46% 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. Apcotex Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹1,390 Mil. Apcotex Industries's average total tangible assets for the quarter that ended in Mar. 2026 was ₹9,863 Mil. Therefore, Apcotex Industries's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 14.09%.
The historical rank and industry rank for Apcotex Industries's Return-on-Tangible-Asset or its related term are showing as below:
NSE:APCOTEXIND'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.31 Med: 10.53 Max: 18.73
Current: 10.4
During the past 13 years, Apcotex Industries's highest Return-on-Tangible-Asset was 18.73%. The lowest was 4.31%. And the median was 10.53%.
NSE:APCOTEXIND's Return-on-Tangible-Asset is ranked better than 87.46% of 1611
companies
in the Chemicals industry
Industry Median: 3.07
vs NSE:APCOTEXIND: 10.40
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.
Apcotex Industries Return-on-Tangible-Asset Related Terms
Apcotex Industries Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Apcotex Industries'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.
NSE:APCOTEXIND vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Apcotex Industries'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.
Apcotex Industries Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Apcotex Industries's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Apcotex Industries'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 14.09% mean?
Apcotex Industries (NSE:APCOTEXIND) has a Return-on-Tangible-Asset of 14.09% 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 Apcotex Industries and its competitors. This is 34% above median its historical median of 10.53. Over the past decade, Apcotex Industries' Return-on-Tangible-Asset has ranged from 4.31 to 18.73. According to the industry distribution chart, Apcotex Industries ranks #202 out of 1611 companies in the Chemicals industry, placing it in the top 12.5%.
Is Apcotex Industries' Return-on-Tangible-Asset too high?
Apcotex Industries' current Return-on-Tangible-Asset of 14.09% is 34% above median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 4.31 to a high of 18.73. The Chemicals industry median Return-on-Tangible-Asset is 3.07. Apcotex Industries' value of 14.09% is 359% above this industry median. Based on the distribution chart, Apcotex Industries ranks #202 out of 1611 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Apcotex Industries has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apcotex Industries' Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Apcotex Industries ranks #202 out of 1611 companies for Return-on-Tangible-Asset. This places Apcotex Industries in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.07. Apcotex Industries' value of 14.09% is 359% above this benchmark. Historically, Apcotex Industries' own Return-on-Tangible-Asset has ranged from 4.31 to 18.73 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 3.07, Apcotex Industries 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 3.07, based on 1,611 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. Apcotex Industries's current Return-on-Tangible-Asset of 14.09% is 359% 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 Apcotex Industries and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apcotex Industries's current Return-on-Tangible-Asset is 14.09%, which is 34% above median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apcotex Industries stock overvalued right now?
Based on GuruFocus' analysis, Apcotex Industries (NSE:APCOTEXIND) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹533.43, compared to a current price of ₹591.10 — trading 10.8% above its estimated fair value. The current Return-on-Tangible-Asset is 14.09%, which is 34% above median its 10-year median of 10.53 and 359% above the Chemicals industry median of 3.07. Apcotex Industries' overall GF Score™ is 86/100 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 Apcotex Industries (NSE:APCOTEXIND), the current Return-on-Tangible-Asset is 14.09% 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.
Is Apcotex Industries (NSE:APCOTEXIND) Overvalued in 2026?
Based on GuruFocus' analysis, Apcotex Industries stock appears to be overvalued.
The current stock price of ₹591.10 is trading 10.8% above its estimated GF Value™ of ₹533.43.
GuruFocus considers Apcotex Industries to be Modestly Overvalued.
Key valuation signals for NSE:APCOTEXIND:
Return-on-Tangible-Asset: 14.09% (34% above median its 10-year median of 10.53)
GF Value™: ₹533.43 vs. price of ₹591.10 (10.8% above fair value)
Industry Position: 359% above the Chemicals median (#202 of 1611)
No single metric tells the full story. See the NSE:APCOTEXIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apcotex Industries Ltd is an India-based company engaged in producing emulsion polymers. It operates in a single primary business segment, i.e. Synthetic Lattices & Rubber. The various grades of Synthetic Rubber find application in products such as Automotive Components, Hoses, Gaskets, Rice De-husking Rollers, Printing and Industrial Rollers, Friction Materials, Belting, and Footwear. Latexes are used for Paper/Paper Board Coating, Carpet Backing, Tyre Cord Dipping, Construction, and others. Its market coverage includes sales in India and Overseas Countries. The company derives the majority of its revenue from Indian markets.
86GF Score
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