ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Man Industries (India)'s annualizedNet Income for the quarter that ended in Mar. 2026 was ₹2,034 Mil.
Man Industries (India)'s average Total Assets over the quarter that ended in Mar. 2026 was ₹50,206 Mil. Therefore, Man Industries (India)'s annualized ROA % for the quarter that ended in Mar. 2026 was 4.05%.
The historical rank and industry rank for Man Industries (India)'s ROA % or its related term are showing as below:
BOM:513269'
s ROA % Range Over the Past 10 Years
Min: 2.58 Med: 4.02 Max: 5.58
Current: 3.98
During the past 13 years, Man Industries (India)'s highest ROA % was 5.58%. The lowest was 2.58%. And the median was 4.02%.
BOM:513269's ROA % is ranked better than 69.51% of 633
companies
in the Steel industry
Industry Median: 1.92
vs BOM:513269: 3.98
Man Industries (India) (BOM:513269) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 Steel subindustry, Man Industries (India)'s ROA %, along with its competitors' market caps and ROA % 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.
Man Industries (India) ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Man Industries (India)'s ROA % distribution charts can be found below:
* The bar in red indicates where Man Industries (India)'s ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
Man Industries (India) (BOM:513269) has a ROA % of 4.05% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Man Industries (India) and its competitors. This is near median its historical median of 4.02. Over the past decade, Man Industries (India)'s ROA % has ranged from 2.58 to 5.58. According to the industry distribution chart, Man Industries (India) ranks #193 out of 633 companies in the Steel industry, placing it in the top 30.5%.
Is Man Industries (India)'s ROA % too high?
Man Industries (India)'s current ROA % of 4.05% is near median its 10-year median of 4.02. Over the past 10 years, this metric has ranged from a low of 2.58 to a high of 5.58. The Steel industry median ROA % is 1.92. Man Industries (India)'s value of 4.05% is 110.9% above this industry median. Based on the distribution chart, Man Industries (India) ranks #193 out of 633 companies in the Steel industry, which is above the industry midpoint. Overall, Man Industries (India) has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Man Industries (India)'s ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Man Industries (India) ranks #193 out of 633 companies for ROA %. This puts Man Industries (India) in the upper half of its industry. The industry median ROA % is 1.92. Man Industries (India)'s value of 4.05% is 110.9% above this benchmark. Historically, Man Industries (India)'s own ROA % has ranged from 2.58 to 5.58 over the past decade. While the company's 10-year median is 4.02 vs. the industry median of 1.92, Man Industries (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 ROA % for a Steel company?
The median ROA % among Steel companies is 1.92, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Man Industries (India)'s current ROA % of 4.05% is 110.9% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Man Industries (India) and its competitors. For the Steel industry, the median ROA % is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Man Industries (India)'s current ROA % is 4.05%, which is near median its own 10-year median of 4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Industries (India) stock overvalued right now?
Based on GuruFocus' analysis, Man Industries (India) (BOM:513269) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹376.96, compared to a current price of ₹572.25 — trading 51.8% above its estimated fair value. The current ROA % is 4.05%, which is near median its 10-year median of 4.02 and 110.9% above the Steel industry median of 1.92. Man Industries (India)'s overall GF Score™ is 77/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Man Industries (India) (BOM:513269), the current ROA % is 4.05% 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 Man Industries (India) (BOM:513269) Overvalued in 2026?
Based on GuruFocus' analysis, Man Industries (India) stock appears to be overvalued.
The current stock price of ₹572.25 is trading 51.8% above its estimated GF Value™ of ₹376.96.
GuruFocus considers Man Industries (India) to be Significantly Overvalued.
Key valuation signals for BOM:513269:
ROA %: 4.05% (near median its 10-year median of 4.02)
GF Value™: ₹376.96 vs. price of ₹572.25 (51.8% above fair value)
Industry Position: 110.9% above the Steel median (#193 of 633)
No single metric tells the full story. See the BOM:513269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Man Industries (India) Ltd isengaged in the business of manufacturing, processing and trading of submerged arc welded steel pipes and steel products. It offers the product which includes LSAW HSAW, Coating, ERW, and HIB. In addition, it also caters to its international clients in the oil and gas industry, petrochemicals, water, dredging, fertilizers and part of infrastructure projects.
77GF Score
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ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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