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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nova Iron & Steel's annualizedNet Income for the quarter that ended in Dec. 2025 was ₹-471 Mil.
Nova Iron & Steel's average Total Assets over the quarter that ended in Dec. 2025 was ₹3,206 Mil. Therefore, Nova Iron & Steel's annualized ROA % for the quarter that ended in Dec. 2025 was -14.69%.
The historical rank and industry rank for Nova Iron & Steel's ROA % or its related term are showing as below:
BOM:513566'
s ROA % Range Over the Past 10 Years
Min: -23.62 Med: -0.93 Max: 49.47
Current: 46.8
During the past 13 years, Nova Iron & Steel's highest ROA % was 49.47%. The lowest was -23.62%. And the median was -0.93%.
BOM:513566's ROA % is ranked better than 99.05% of 634
companies
in the Steel industry
Industry Median: 2.005
vs BOM:513566: 46.80
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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.
Nova Iron & Steel ROA % Related Terms
Nova Iron & Steel ROA % Historical Data
* Premium members only.
The historical data trend for Nova Iron & Steel's ROA % 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.
For the Steel subindustry, Nova Iron & Steel'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.
Nova Iron & Steel ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Nova Iron & Steel's ROA % distribution charts can be found below:
* The bar in red indicates where Nova Iron & Steel'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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Nova Iron & Steel (BOM:513566) has a ROA % of -14.69% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nova Iron & Steel and its competitors. According to the industry distribution chart, Nova Iron & Steel ranks #6 out of 634 companies in the Steel industry, placing it in the top 0.90000000000001%.
Is Nova Iron & Steel's ROA % too high?
Nova Iron & Steel's current ROA % is -14.69%. Based on the distribution chart, Nova Iron & Steel ranks #6 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Nova Iron & Steel has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nova Iron & Steel's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Nova Iron & Steel ranks #6 out of 634 companies for ROA %. This places Nova Iron & Steel in the top 1% of its industry — outperforming the majority of peers. The industry median ROA % is 2.01. 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 2.01, based on 634 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. 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 Nova Iron & Steel and its competitors. For the Steel industry, the median ROA % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova Iron & Steel's current ROA % is -14.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Iron & Steel stock overvalued right now?
Based on GuruFocus' analysis, Nova Iron & Steel (BOM:513566) is currently considered Fairly Valued. The stock's GF Value™ is ₹13.11, compared to a current price of ₹12.07 — trading 7.9% below its estimated fair value. The current ROA % is -14.69%. Nova Iron & Steel's overall GF Score™ is 56/100 with 6 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 Nova Iron & Steel (BOM:513566), the current ROA % is -14.69% as of Dec. 2025. 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 Nova Iron & Steel (BOM:513566) Overvalued in 2026?
Based on GuruFocus' analysis, Nova Iron & Steel stock appears to be undervalued.
The current stock price of ₹12.07 is trading 7.9% below its estimated GF Value™ of ₹13.11.
GuruFocus considers Nova Iron & Steel to be Fairly Valued.
Key valuation signals for BOM:513566:
ROA %: -14.69%
GF Value™: ₹13.11 vs. price of ₹12.07 (7.9% below fair value)
No single metric tells the full story. See the BOM:513566 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Iron & Steel Ltd is an Indian company engaged in the business of manufacturing and trading iron, steel, metals, securities, and natural resources.
56GF 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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