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Devson CatalystBOM:544823 +0.46%24 Return-on-Tangible-Equity is 38.54% as of Mar. 2026, which is 5% below its 10-year median of 40.48. GuruFocus rates BOM:544823 with a GF Score™ of 24/100. The stock has 5 warning signs investors should review. Among 1,578 Chemicals companies, Devson Catalyst ranks better than 96.07% 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. Devson Catalyst's annualized net income for the quarter that ended in Mar. 2026 was ₹117.7 Mil. Devson Catalyst's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹305.5 Mil. Therefore, Devson Catalyst's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 38.54%.
The historical rank and industry rank for Devson Catalyst's Return-on-Tangible-Equity or its related term are showing as below:
BOM:544823'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 25.31 Med: 40.48 Max: 45.97
Current: 45.76
During the past 4 years, Devson Catalyst's highest Return-on-Tangible-Equity was 45.97%. The lowest was 25.31%. And the median was 40.48%.
BOM:544823's Return-on-Tangible-Equity is ranked better than 96.07% of 1578
companies
in the Chemicals industry
Industry Median: 6.96
vs BOM:544823: 45.76
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.
Devson Catalyst Return-on-Tangible-Equity Related Terms
Devson Catalyst Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Devson Catalyst'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.
Devson Catalyst Return-on-Tangible-Equity Chart
Devson Catalyst Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Return-on-Tangible-Equity
25.31
36.20
44.76
45.97
Devson Catalyst Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
Return-on-Tangible-Equity
0.00
0.00
0.00
54.61
38.54
BOM:544823 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Devson Catalyst'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.
Devson Catalyst Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Devson Catalyst's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Devson Catalyst'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 two times the semi-annual (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 38.54% mean?
Devson Catalyst (BOM:544823) has a Return-on-Tangible-Equity of 38.54% 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 Devson Catalyst and its competitors. This is near median its historical median of 40.48. Over the past decade, Devson Catalyst's Return-on-Tangible-Equity has ranged from 25.31 to 45.97. According to the industry distribution chart, Devson Catalyst ranks #62 out of 1578 companies in the Chemicals industry, placing it in the top 3.9%.
Is Devson Catalyst's Return-on-Tangible-Equity too high?
Devson Catalyst's current Return-on-Tangible-Equity of 38.54% is near median its 10-year median of 40.48. Over the past 10 years, this metric has ranged from a low of 25.31 to a high of 45.97. The Chemicals industry median Return-on-Tangible-Equity is 6.96. Devson Catalyst's value of 38.54% is 453.7% above this industry median. Based on the distribution chart, Devson Catalyst ranks #62 out of 1578 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Devson Catalyst has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Devson Catalyst's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Devson Catalyst ranks #62 out of 1578 companies for Return-on-Tangible-Equity. This places Devson Catalyst in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.96. Devson Catalyst's value of 38.54% is 453.7% above this benchmark. Historically, Devson Catalyst's own Return-on-Tangible-Equity has ranged from 25.31 to 45.97 over the past decade. While the company's 10-year median is 40.48 vs. the industry median of 6.96, Devson Catalyst 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 6.96, based on 1,578 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. Devson Catalyst's current Return-on-Tangible-Equity of 38.54% is 453.7% 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 Devson Catalyst and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devson Catalyst's current Return-on-Tangible-Equity is 38.54%, which is near median its own 10-year median of 40.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devson Catalyst stock overvalued right now?
Devson Catalyst (BOM:544823) has a current Return-on-Tangible-Equity of 38.54%. The current Return-on-Tangible-Equity is 38.54%, which is near median its 10-year median of 40.48 and 453.7% above the Chemicals industry median of 6.96. Devson Catalyst's overall GF Score™ is 24/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Devson Catalyst (BOM:544823), the current Return-on-Tangible-Equity is 38.54% 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.
Devson Catalyst Ltd is engaged in the business of manufacturing catalysts, adsorbents and ceramic balls, catering to industries such as oil and gas refineries, petrochemicals, steel, fertilizers, and other industrial processing sectors. The Company has a presence in both the domestic and international markets. The majority of revenue is derived from the sale of Catalysts, which enable chemical reactions to occur faster and more efficiently without being consumed during the process, in the domestic markets.
24GF Score
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