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Banco Products (India)BOM:500039 +0.24%74 Return-on-Tangible-Equity is 35.15% as of Mar. 2026, which is 119% above its 10-year median of 16.04. GuruFocus rates BOM:500039 with a GF Score™ of 74/100 and a GF Value™ of ₹495.88 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,283 Vehicles & Parts companies, Banco Products (India) ranks better than 91.5% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Banco Products (India)'s annualized net income for the quarter that ended in Mar. 2026 was ₹5,897 Mil. Banco Products (India)'s average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹16,776 Mil. Therefore, Banco Products (India)'s annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 35.15%.
The historical rank and industry rank for Banco Products (India)'s Return-on-Tangible-Equity or its related term are showing as below:
BOM:500039'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.43 Med: 16.04 Max: 33.37
Current: 31.35
During the past 13 years, Banco Products (India)'s highest Return-on-Tangible-Equity was 33.37%. The lowest was 8.43%. And the median was 16.04%.
BOM:500039's Return-on-Tangible-Equity is ranked better than 91.5% of 1283
companies
in the Vehicles & Parts industry
Industry Median: 7.58
vs BOM:500039: 31.35
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Banco Products (India) Return-on-Tangible-Equity Related Terms
Banco Products (India) Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Banco Products (India)'s Return-on-Tangible-Equity 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.
BOM:500039 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Banco Products (India)'s Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Banco Products (India) Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Banco Products (India)'s Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Banco Products (India)'s Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 35.15% mean?
Banco Products (India) (BOM:500039) has a Return-on-Tangible-Equity of 35.15% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Banco Products (India) and its competitors. This is 119% above median its historical median of 16.04. Over the past decade, Banco Products (India)'s Return-on-Tangible-Equity has ranged from 8.43 to 33.37. According to the industry distribution chart, Banco Products (India) ranks #109 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 8.5%.
Is Banco Products (India)'s Return-on-Tangible-Equity too high?
Banco Products (India)'s current Return-on-Tangible-Equity of 35.15% is 119% above median its 10-year median of 16.04. Over the past 10 years, this metric has ranged from a low of 8.43 to a high of 33.37. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.58. Banco Products (India)'s value of 35.15% is 363.7% above this industry median. Based on the distribution chart, Banco Products (India) ranks #109 out of 1283 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Banco Products (India) has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco Products (India)'s Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Banco Products (India) ranks #109 out of 1283 companies for Return-on-Tangible-Equity. This places Banco Products (India) in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.58. Banco Products (India)'s value of 35.15% is 363.7% above this benchmark. Historically, Banco Products (India)'s own Return-on-Tangible-Equity has ranged from 8.43 to 33.37 over the past decade. While the company's 10-year median is 16.04 vs. the industry median of 7.58, Banco Products (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-Equity for a Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.58, based on 1,283 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Banco Products (India)'s current Return-on-Tangible-Equity of 35.15% is 363.7% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Banco Products (India) and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banco Products (India)'s current Return-on-Tangible-Equity is 35.15%, which is 119% above median its own 10-year median of 16.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Products (India) stock overvalued right now?
Based on GuruFocus' analysis, Banco Products (India) (BOM:500039) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹495.88, compared to a current price of ₹661.90 — trading 33.5% above its estimated fair value. The current Return-on-Tangible-Equity is 35.15%, which is 119% above median its 10-year median of 16.04 and 363.7% above the Vehicles & Parts industry median of 7.58. Banco Products (India)'s overall GF Score™ is 74/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Banco Products (India) (BOM:500039), the current Return-on-Tangible-Equity is 35.15% 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 Banco Products (India) (BOM:500039) Overvalued in 2026?
Based on GuruFocus' analysis, Banco Products (India) stock appears to be overvalued.
The current stock price of ₹661.90 is trading 33.5% above its estimated GF Value™ of ₹495.88.
GuruFocus considers Banco Products (India) to be Significantly Overvalued.
Key valuation signals for BOM:500039:
Return-on-Tangible-Equity: 35.15% (119% above median its 10-year median of 16.04)
GF Value™: ₹495.88 vs. price of ₹661.90 (33.5% above fair value)
Industry Position: 363.7% above the Vehicles & Parts median (#109 of 1283)
No single metric tells the full story. See the BOM:500039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banco Products (India) Ltd is a company engaged in the manufacturing and selling of radiators. The company manufactures aluminum radiators and copper-brass radiators. Its products include charged air coolers, fuel coolers, oil coolers, cooling systems, sealing gaskets, joint gaskets and sheets, and rubber products. Banco manufactures and supplies original equipment (OE) for commercial vehicles, passenger vehicles, and industrial products. The company caters to the domestic and international markets. The company generates the majority of its revenue within India.
74GF Score
Get the complete analysis for BOM:500039
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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