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Shri Hare-Krishna Sponge IronNSE:SHKSIL +1.98%23 Debt-to-Equity is 0.27 as of Mar. 2026, which is 145% above its 10-year median of 0.11. GuruFocus rates NSE:SHKSIL with a GF Score™ of 23/100. The stock has 7 warning signs investors should review. Among 548 Steel companies, Shri Hare-Krishna Sponge Iron ranks better than 65.33% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Shri Hare-Krishna Sponge Iron's Debt-to-Equity or its related term are showing as below:
NSE:SHKSIL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: 0.27
Current: 0.27
During the past 5 years, the highest Debt-to-Equity Ratio of Shri Hare-Krishna Sponge Iron was 0.27. The lowest was 0.01. And the median was 0.11.
NSE:SHKSIL's Debt-to-Equity is ranked better than 65.33% of 548
companies
in the Steel industry
Industry Median: 0.405
vs NSE:SHKSIL: 0.27
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Shri Hare-Krishna Sponge Iron Debt-to-Equity Related Terms
Shri Hare-Krishna Sponge Iron Debt-to-Equity Historical Data
* 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.
Shri Hare-Krishna Sponge Iron Debt-to-Equity Chart
Shri Hare-Krishna Sponge Iron Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Debt-to-Equity
0.02
0.01
0.11
0.16
0.27
Shri Hare-Krishna Sponge Iron Semi-Annual Data
Mar25
Mar26
Debt-to-Equity
0.16
0.27
NSE:SHKSIL vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, Shri Hare-Krishna Sponge Iron's Debt-to-Equity, along with its competitors' market caps and Debt-to-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.
Shri Hare-Krishna Sponge Iron Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Hare-Krishna Sponge Iron's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Shri Hare-Krishna Sponge Iron's Debt-to-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.
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a Debt-to-Equity of 0.27 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shri Hare-Krishna Sponge Iron and its competitors. This is 145% above median its historical median of 0.11. Over the past decade, Shri Hare-Krishna Sponge Iron's Debt-to-Equity has ranged from 0.01 to 0.27. According to the industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #190 out of 548 companies in the Steel industry, placing it in the top 34.7%.
Is Shri Hare-Krishna Sponge Iron's Debt-to-Equity too high?
Shri Hare-Krishna Sponge Iron's current Debt-to-Equity of 0.27 is 145% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.27. The Steel industry median Debt-to-Equity is 0.41. Shri Hare-Krishna Sponge Iron's value of 0.27 is 33.3% below this industry median. Based on the distribution chart, Shri Hare-Krishna Sponge Iron ranks #190 out of 548 companies in the Steel industry, which is above the industry midpoint. Overall, Shri Hare-Krishna Sponge Iron has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Shri Hare-Krishna Sponge Iron's Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Hare-Krishna Sponge Iron ranks #190 out of 548 companies for Debt-to-Equity. This puts Shri Hare-Krishna Sponge Iron in the upper half of its industry. The industry median Debt-to-Equity is 0.41. Shri Hare-Krishna Sponge Iron's value of 0.27 is 33.3% below this benchmark. Historically, Shri Hare-Krishna Sponge Iron's own Debt-to-Equity has ranged from 0.01 to 0.27 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.41, Shri Hare-Krishna Sponge Iron has consistently been below 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 Debt-to-Equity for a Steel company?
The median Debt-to-Equity among Steel companies is 0.41, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shri Hare-Krishna Sponge Iron's current Debt-to-Equity of 0.27 is 33.3% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Shri Hare-Krishna Sponge Iron and its competitors. For the Steel industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Hare-Krishna Sponge Iron's current Debt-to-Equity is 0.27, which is 145% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Hare-Krishna Sponge Iron stock overvalued right now?
Shri Hare-Krishna Sponge Iron (NSE:SHKSIL) has a current Debt-to-Equity of 0.27. The current Debt-to-Equity is 0.27, which is 145% above median its 10-year median of 0.11 and 33.3% below the Steel industry median of 0.41. Shri Hare-Krishna Sponge Iron's overall GF Score™ is 23/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Shri Hare-Krishna Sponge Iron (NSE:SHKSIL), the current Debt-to-Equity is 0.27 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.
Shri Hare-Krishna Sponge Iron Ltd is engaged in the business of manufacturing and selling of Sponge Iron. Sponge iron is mainly used as a raw material for steel production in electric arc furnaces and induction furnaces. Through its sponge iron business, it caters to the metallic requirements of steel producers in selected geographies.
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