Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Solve Plastic ProductsNSE:BALCO +4.86%8 Return-on-Tangible-Asset is 3.17% as of Sep. 2025. GuruFocus rates NSE:BALCO with a GF Score™ of 8/100. The stock has 2 warning signs investors should review. Among 3,089 Industrial Products companies, Solve Plastic Products ranks worse than 88.9% 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. Solve Plastic Products's annualizedNet Income for the quarter that ended in Sep. 2025 was ₹8.4 Mil. Solve Plastic Products's average total tangible assets for the quarter that ended in Sep. 2025 was ₹263.6 Mil. Therefore, Solve Plastic Products's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2025 was 3.17%.
The historical rank and industry rank for Solve Plastic Products's Return-on-Tangible-Asset or its related term are showing as below:
NSE:BALCO'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.79 Med: -0.73 Max: 7.04
Current: -9.1
During the past 5 years, Solve Plastic Products's highest Return-on-Tangible-Asset was 7.04%. The lowest was -20.79%. And the median was -0.73%.
NSE:BALCO's Return-on-Tangible-Asset is ranked worse than 88.9% of 3089
companies
in the Industrial Products industry
Industry Median: 3.37
vs NSE:BALCO: -9.10
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.
Solve Plastic Products Return-on-Tangible-Asset Related Terms
Solve Plastic Products Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Solve Plastic Products'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:BALCO vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Solve Plastic Products'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.
Solve Plastic Products Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Solve Plastic Products's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Solve Plastic Products'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 (Sep. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.17% mean?
Solve Plastic Products (NSE:BALCO) has a Return-on-Tangible-Asset of 3.17% as of Sep. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Solve Plastic Products and its competitors. According to the industry distribution chart, Solve Plastic Products ranks #2746 out of 3089 companies in the Industrial Products industry, placing it in the top 88.9%.
Is Solve Plastic Products' Return-on-Tangible-Asset too high?
Solve Plastic Products' current Return-on-Tangible-Asset is 3.17%. The Industrial Products industry median Return-on-Tangible-Asset is 3.37. Solve Plastic Products' value of 3.17% is 5.9% below this industry median. Based on the distribution chart, Solve Plastic Products ranks #2746 out of 3089 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Solve Plastic Products has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Solve Plastic Products' Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Solve Plastic Products ranks #2746 out of 3089 companies for Return-on-Tangible-Asset. This places Solve Plastic Products in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.37. Solve Plastic Products' value of 3.17% is 5.9% below this benchmark. 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.37, based on 3,089 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. Solve Plastic Products's current Return-on-Tangible-Asset of 3.17% is 5.9% below 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 Solve Plastic Products and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solve Plastic Products's current Return-on-Tangible-Asset is 3.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solve Plastic Products stock overvalued right now?
Solve Plastic Products (NSE:BALCO) has a current Return-on-Tangible-Asset of 3.17%. The current Return-on-Tangible-Asset is 3.17% and 5.9% below the Industrial Products industry median of 3.37. Solve Plastic Products' overall GF Score™ is 8/100 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 Solve Plastic Products (NSE:BALCO), the current Return-on-Tangible-Asset is 3.17% as of Sep. 2025. 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.
Solve Plastic Products Ltd manufactures a comprehensive range of uPVC (Unplasticized Polyvinyl Chloride) pipes and rigid PVC electrical conduits. The company markets its products under the brand name BALCOPIPES, which includes flexible conduits, green hoses, rigid PVC electric conduit fittings, solvent cement, uPVC pipes and fittings, water tanks, CPVC water pipes and fittings, and casing and capping.
8GF Score
Get the complete analysis for NSE:BALCO
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:BALCO has been successfully added to your 
