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MCON Rasayan IndiaNSE:MCON -5.00%68 Return-on-Tangible-Asset is 4.88% as of Mar. 2026, which is 18% above its 10-year median of 4.13. GuruFocus rates NSE:MCON with a GF Score™ of 68/100 and a GF Value™ of ₹182.98 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,613 Chemicals companies, MCON Rasayan India ranks better than 58.28% 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. MCON Rasayan India's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹35.9 Mil. MCON Rasayan India's average total tangible assets for the quarter that ended in Mar. 2026 was ₹736.5 Mil. Therefore, MCON Rasayan India's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.88%.
The historical rank and industry rank for MCON Rasayan India's Return-on-Tangible-Asset or its related term are showing as below:
NSE:MCON'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.47 Med: 4.13 Max: 5.9
Current: 4.19
During the past 7 years, MCON Rasayan India's highest Return-on-Tangible-Asset was 5.90%. The lowest was 0.47%. And the median was 4.13%.
NSE:MCON's Return-on-Tangible-Asset is ranked better than 58.28% of 1613
companies
in the Chemicals industry
Industry Median: 3.11
vs NSE:MCON: 4.19
MCON Rasayan India (NSE:MCON) Return-on-Tangible-Asset Explanation
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.
MCON Rasayan India Return-on-Tangible-Asset Related Terms
MCON Rasayan India Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MCON Rasayan India'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:MCON vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, MCON Rasayan India'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.
MCON Rasayan India Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, MCON Rasayan India's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MCON Rasayan India'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 4.88% mean?
MCON Rasayan India (NSE:MCON) has a Return-on-Tangible-Asset of 4.88% 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 MCON Rasayan India and its competitors. This is 18% above median its historical median of 4.13. Over the past decade, MCON Rasayan India's Return-on-Tangible-Asset has ranged from 0.47 to 5.90. According to the industry distribution chart, MCON Rasayan India ranks #673 out of 1613 companies in the Chemicals industry, placing it in the top 41.7%.
Is MCON Rasayan India's Return-on-Tangible-Asset too high?
MCON Rasayan India's current Return-on-Tangible-Asset of 4.88% is 18% above median its 10-year median of 4.13. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 5.90. The Chemicals industry median Return-on-Tangible-Asset is 3.11. MCON Rasayan India's value of 4.88% is 56.9% above this industry median. Based on the distribution chart, MCON Rasayan India ranks #673 out of 1613 companies in the Chemicals industry, which is above the industry midpoint. Overall, MCON Rasayan India has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MCON Rasayan India's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, MCON Rasayan India ranks #673 out of 1613 companies for Return-on-Tangible-Asset. This puts MCON Rasayan India in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.11. MCON Rasayan India's value of 4.88% is 56.9% above this benchmark. Historically, MCON Rasayan India's own Return-on-Tangible-Asset has ranged from 0.47 to 5.90 over the past decade. While the company's 10-year median is 4.13 vs. the industry median of 3.11, MCON Rasayan India 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 3.11, based on 1,613 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. MCON Rasayan India's current Return-on-Tangible-Asset of 4.88% is 56.9% 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 MCON Rasayan India and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MCON Rasayan India's current Return-on-Tangible-Asset is 4.88%, which is 18% above median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MCON Rasayan India stock overvalued right now?
Based on GuruFocus' analysis, MCON Rasayan India (NSE:MCON) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹182.98, compared to a current price of ₹41.80 — trading 77.2% below its estimated fair value. The current Return-on-Tangible-Asset is 4.88%, which is 18% above median its 10-year median of 4.13 and 56.9% above the Chemicals industry median of 3.11. MCON Rasayan India's overall GF Score™ is 68/100 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 MCON Rasayan India (NSE:MCON), the current Return-on-Tangible-Asset is 4.88% 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 MCON Rasayan India (NSE:MCON) Overvalued in 2026?
Based on GuruFocus' analysis, MCON Rasayan India stock appears to be undervalued.
The current stock price of ₹41.80 is trading 77.2% below its estimated GF Value™ of ₹182.98.
GuruFocus considers MCON Rasayan India to be Significantly Undervalued.
Key valuation signals for NSE:MCON:
Return-on-Tangible-Asset: 4.88% (18% above median its 10-year median of 4.13)
GF Value™: ₹182.98 vs. price of ₹41.80 (77.2% below fair value)
Industry Position: 56.9% above the Chemicals median (#673 of 1613)
No single metric tells the full story. See the NSE:MCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MCON Rasayan India Ltd is engaged mainly in the business of manufacturing and selling modern building materials and construction chemicals. Its product offerings include waterproofing chemicals, wall finishes and paints (acrylic putty, distemper, emulsion, etc.), tile adhesives and grout, sealant, ready-mix mortar, protective coating chemicals, concrete repair and flooring chemicals, admixtures, etc.
68GF Score
Get the complete analysis for NSE:MCON
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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