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Visagar PolytexNSE:VIVIDHA 21 Return-on-Tangible-Asset is -28.21% as of Mar. 2026. GuruFocus rates NSE:VIVIDHA with a GF Score™ of 21/100 and a GF Value™ of ₹0.11 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,064 Manufacturing - Apparel & Accessories companies, Visagar Polytex ranks worse than 95.86% 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. Visagar Polytex's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-16.95 Mil. Visagar Polytex's average total tangible assets for the quarter that ended in Mar. 2026 was ₹60.07 Mil. Therefore, Visagar Polytex's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -28.21%.
The historical rank and industry rank for Visagar Polytex's Return-on-Tangible-Asset or its related term are showing as below:
NSE:VIVIDHA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -84.54 Med: -3.37 Max: 2.87
Current: -23.6
During the past 13 years, Visagar Polytex's highest Return-on-Tangible-Asset was 2.87%. The lowest was -84.54%. And the median was -3.37%.
NSE:VIVIDHA's Return-on-Tangible-Asset is ranked worse than 95.86% of 1064
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.2
vs NSE:VIVIDHA: -23.60
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.
Visagar Polytex Return-on-Tangible-Asset Related Terms
Visagar Polytex Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Visagar Polytex'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.
For the Textile Manufacturing subindustry, Visagar Polytex'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.
Visagar Polytex Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Visagar Polytex's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Visagar Polytex'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 -28.21% mean?
Visagar Polytex (NSE:VIVIDHA) has a Return-on-Tangible-Asset of -28.21% 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 Visagar Polytex and its competitors. According to the industry distribution chart, Visagar Polytex ranks #1020 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 95.9%.
Is Visagar Polytex's Return-on-Tangible-Asset too high?
Visagar Polytex's current Return-on-Tangible-Asset is -28.21%. Based on the distribution chart, Visagar Polytex ranks #1020 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Visagar Polytex has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Visagar Polytex's Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Visagar Polytex ranks #1020 out of 1064 companies for Return-on-Tangible-Asset. This places Visagar Polytex in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.20. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.20, based on 1,064 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. 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 Visagar Polytex and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Visagar Polytex's current Return-on-Tangible-Asset is -28.21%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Visagar Polytex stock overvalued right now?
Based on GuruFocus' analysis, Visagar Polytex (NSE:VIVIDHA) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.11, compared to a current price of ₹0.55 — trading 400% above its estimated fair value. The current Return-on-Tangible-Asset is -28.21%. Visagar Polytex's overall GF Score™ is 21/100 with 4 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 Visagar Polytex (NSE:VIVIDHA), the current Return-on-Tangible-Asset is -28.21% 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 Visagar Polytex (NSE:VIVIDHA) Overvalued in 2026?
Based on GuruFocus' analysis, Visagar Polytex stock appears to be overvalued.
The current stock price of ₹0.55 is trading 400% above its estimated GF Value™ of ₹0.11.
GuruFocus considers Visagar Polytex to be Significantly Overvalued.
Key valuation signals for NSE:VIVIDHA:
Return-on-Tangible-Asset: -28.21%
GF Value™: ₹0.11 vs. price of ₹0.55 (400% above fair value)
No single metric tells the full story. See the NSE:VIVIDHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Visagar Polytex Ltd operates in the textile industry, focusing on the manufacturing, wholesale, retail, and trading of ethnic wear and textile-related goods. The company's key products include sarees, lehengas, suits, interlining goods, and various fabrics, marketed prominently under its Vividha brand. It has a retail presence across India, supported by a manufacturing unit at Surat. The Company has only one reportable business segment and has only one reportable geographic segment in India. The income source is through the interest income earned on the fixed deposits.
21GF Score
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