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Hindustan AdhesivesNSE:HINDADH -5.12%54 Return-on-Tangible-Asset is 1.29% as of Mar. 2026, which is 78% below its 10-year median of 5.80. GuruFocus rates NSE:HINDADH with a GF Score™ of 54/100 and a GF Value™ of ₹331.56 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,616 Chemicals companies, Hindustan Adhesives ranks better than 67.02% 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. Hindustan Adhesives's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹37 Mil. Hindustan Adhesives's average total tangible assets for the quarter that ended in Mar. 2026 was ₹2,877 Mil. Therefore, Hindustan Adhesives's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.29%.
The historical rank and industry rank for Hindustan Adhesives's Return-on-Tangible-Asset or its related term are showing as below:
NSE:HINDADH'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.29 Med: 5.8 Max: 9.04
Current: 5.82
During the past 13 years, Hindustan Adhesives's highest Return-on-Tangible-Asset was 9.04%. The lowest was 2.29%. And the median was 5.80%.
NSE:HINDADH's Return-on-Tangible-Asset is ranked better than 67.02% of 1616
companies
in the Chemicals industry
Industry Median: 3.445
vs NSE:HINDADH: 5.82
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.
Hindustan Adhesives Return-on-Tangible-Asset Related Terms
Hindustan Adhesives Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hindustan Adhesives'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:HINDADH vs : Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Hindustan Adhesives'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.
Hindustan Adhesives Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hindustan Adhesives's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hindustan Adhesives'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 1.29% mean?
Hindustan Adhesives (NSE:HINDADH) has a Return-on-Tangible-Asset of 1.29% 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 Hindustan Adhesives and its competitors. This is 78% below median its historical median of 5.80. Over the past decade, Hindustan Adhesives' Return-on-Tangible-Asset has ranged from 2.29 to 9.04. According to the industry distribution chart, Hindustan Adhesives ranks #533 out of 1616 companies in the Chemicals industry, placing it in the top 33%.
Is Hindustan Adhesives' Return-on-Tangible-Asset too high?
Hindustan Adhesives' current Return-on-Tangible-Asset of 1.29% is 78% below median its 10-year median of 5.80. Over the past 10 years, this metric has ranged from a low of 2.29 to a high of 9.04. The Chemicals industry median Return-on-Tangible-Asset is 3.45. Hindustan Adhesives' value of 1.29% is 62.6% below this industry median. Based on the distribution chart, Hindustan Adhesives ranks #533 out of 1616 companies in the Chemicals industry, which is above the industry midpoint. Overall, Hindustan Adhesives has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hindustan Adhesives' Return-on-Tangible-Asset compare to ?
According to the Chemicals industry distribution chart, Hindustan Adhesives ranks #533 out of 1616 companies for Return-on-Tangible-Asset. This puts Hindustan Adhesives in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.45. Hindustan Adhesives' value of 1.29% is 62.6% below this benchmark. Historically, Hindustan Adhesives' own Return-on-Tangible-Asset has ranged from 2.29 to 9.04 over the past decade. While the company's 10-year median is 5.80 vs. the industry median of 3.45, Hindustan Adhesives has consistently been below 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 3.45, based on 1,616 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. Hindustan Adhesives's current Return-on-Tangible-Asset of 1.29% is 62.6% 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 Hindustan Adhesives and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hindustan Adhesives's current Return-on-Tangible-Asset is 1.29%, which is 78% below median its own 10-year median of 5.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hindustan Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Hindustan Adhesives (NSE:HINDADH) is currently considered Fairly Valued. The stock's GF Value™ is ₹331.56, compared to a current price of ₹351.00 — trading 5.9% above its estimated fair value. The current Return-on-Tangible-Asset is 1.29%, which is 78% below median its 10-year median of 5.80 and 62.6% below the Chemicals industry median of 3.45. Hindustan Adhesives' overall GF Score™ is 54/100 with 7 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 Hindustan Adhesives (NSE:HINDADH), the current Return-on-Tangible-Asset is 1.29% 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 Hindustan Adhesives (NSE:HINDADH) Overvalued in 2026?
Based on GuruFocus' analysis, Hindustan Adhesives stock appears to be overvalued.
The current stock price of ₹351.00 is trading 5.9% above its estimated GF Value™ of ₹331.56.
GuruFocus considers Hindustan Adhesives to be Fairly Valued.
Key valuation signals for NSE:HINDADH:
Return-on-Tangible-Asset: 1.29% (78% below median its 10-year median of 5.80)
GF Value™: ₹331.56 vs. price of ₹351.00 (5.9% above fair value)
Industry Position: 62.6% below the Chemicals median (#533 of 1616)
No single metric tells the full story. See the NSE:HINDADH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hindustan Adhesives Ltd is a producer and marketer of adhesive tapes. The company offers products such as acrylic packaging tapes, hot melt packaging tapes, natural rubber packaging tapes, kraft paper tapes, tamper-evident tapes, tear tapes, polyolefin shrink film, and shrink wrapping machines. Its customers include Unilever, PepsiCo, Coca-Cola, P&G, Reckitt Benckiser, Cadbury, and Nestle, among others.
54GF Score
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