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.
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. Ashish Polyplast's annualized net income for the quarter that ended in Mar. 2026 was ₹-13.6 Mil. Ashish Polyplast's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹68.3 Mil. Therefore, Ashish Polyplast's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -19.95%.
The historical rank and industry rank for Ashish Polyplast's Return-on-Tangible-Equity or its related term are showing as below:
BOM:530429'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1.9 Med: 3.84 Max: 13.92
Current: 1.9
During the past 13 years, Ashish Polyplast's highest Return-on-Tangible-Equity was 13.92%. The lowest was 1.90%. And the median was 3.84%.
BOM:530429's Return-on-Tangible-Equity is ranked worse than 68.83% of 1572
companies
in the Chemicals industry
Industry Median: 5.925
vs BOM:530429: 1.90
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.
Ashish Polyplast Return-on-Tangible-Equity Related Terms
Ashish Polyplast Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Ashish Polyplast'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:530429 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Ashish Polyplast'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.
Ashish Polyplast Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ashish Polyplast's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ashish Polyplast'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 -19.95% mean?
Ashish Polyplast (BOM:530429) has a Return-on-Tangible-Equity of -19.95% 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 Ashish Polyplast and its competitors. Over the past decade, Ashish Polyplast's Return-on-Tangible-Equity has ranged from 1.90 to 13.92. According to the industry distribution chart, Ashish Polyplast ranks #1082 out of 1572 companies in the Chemicals industry, placing it in the top 68.8%.
Is Ashish Polyplast's Return-on-Tangible-Equity too high?
Ashish Polyplast's current Return-on-Tangible-Equity is -19.95%. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 13.92. Based on the distribution chart, Ashish Polyplast ranks #1082 out of 1572 companies in the Chemicals industry, which is below the industry midpoint. Overall, Ashish Polyplast has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashish Polyplast's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ashish Polyplast ranks #1082 out of 1572 companies for Return-on-Tangible-Equity. This places Ashish Polyplast in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.93. Historically, Ashish Polyplast's own Return-on-Tangible-Equity has ranged from 1.90 to 13.92 over the past decade. 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.93, based on 1,572 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. 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 Ashish Polyplast and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashish Polyplast's current Return-on-Tangible-Equity is -19.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashish Polyplast stock overvalued right now?
Based on GuruFocus' analysis, Ashish Polyplast (BOM:530429) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹33.55, compared to a current price of ₹28.05 — trading 16.4% below its estimated fair value. The current Return-on-Tangible-Equity is -19.95%. Ashish Polyplast's overall GF Score™ is 60/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Ashish Polyplast (BOM:530429), the current Return-on-Tangible-Equity is -19.95% 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 Ashish Polyplast (BOM:530429) Overvalued in 2026?
Based on GuruFocus' analysis, Ashish Polyplast stock appears to be undervalued.
The current stock price of ₹28.05 is trading 16.4% below its estimated GF Value™ of ₹33.55.
GuruFocus considers Ashish Polyplast to be Modestly Undervalued.
Key valuation signals for BOM:530429:
Return-on-Tangible-Equity: -19.95%
GF Value™: ₹33.55 vs. price of ₹28.05 (16.4% below fair value)
No single metric tells the full story. See the BOM:530429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashish Polyplast Ltd is an India-based company principally engaged in the manufacturing of polyvinyl chloride (PVC) pipes. It manufactures and exports braided hoses and flexible PVC hoses. The Company has only one segment, which is PVC Pipes and majorly operates in the domestic market. The company's product portfolio includes Braided hose, Flexible duct hose, Flexible heavy-duty suction and delivery hose, and other related products.
60GF Score
Get the complete analysis for BOM:530429
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:530429 has been successfully added to your 
