ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hemang Resources's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-22.52 Mil.
Hemang Resources's average Total Assets over the quarter that ended in Mar. 2026 was ₹514.20 Mil. Therefore, Hemang Resources's annualized ROA % for the quarter that ended in Mar. 2026 was -4.38%.
The historical rank and industry rank for Hemang Resources's ROA % or its related term are showing as below:
BOM:531178'
s ROA % Range Over the Past 10 Years
Min: -10.49 Med: -1.29 Max: 28.63
Current: -0.79
During the past 13 years, Hemang Resources's highest ROA % was 28.63%. The lowest was -10.49%. And the median was -1.29%.
BOM:531178's ROA % is ranked worse than 50.81% of 185
companies
in the Other Energy Sources industry
Industry Median: -0.54
vs BOM:531178: -0.79
Hemang Resources (BOM:531178) 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.
Hemang Resources ROA % Related Terms
Hemang Resources ROA % Historical Data
* Premium members only.
The historical data trend for Hemang Resources'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 Thermal Coal subindustry, Hemang Resources'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.
Hemang Resources ROA % vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Hemang Resources's ROA % distribution charts can be found below:
* The bar in red indicates where Hemang Resources'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.
Hemang Resources (BOM:531178) has a ROA % of -4.38% 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 Hemang Resources and its competitors. According to the industry distribution chart, Hemang Resources ranks #94 out of 185 companies in the Other Energy Sources industry, placing it in the top 50.8%.
Is Hemang Resources' ROA % too high?
Hemang Resources' current ROA % is -4.38%. Based on the distribution chart, Hemang Resources ranks #94 out of 185 companies in the Other Energy Sources industry, which is below the industry midpoint. Overall, Hemang Resources has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hemang Resources' ROA % compare to CNR?
According to the Other Energy Sources industry distribution chart, Hemang Resources ranks #94 out of 185 companies for ROA %. This places Hemang Resources in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Other Energy Sources company?
A good ROA % depends on the Other Energy Sources industry context. 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 Hemang Resources and its competitors. Hemang Resources's current ROA % is -4.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hemang Resources stock overvalued right now?
Based on GuruFocus' analysis, Hemang Resources (BOM:531178) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹14.53, compared to a current price of ₹12.89 — trading 11.3% below its estimated fair value. The current ROA % is -4.38%. Hemang Resources' overall GF Score™ is 59/100 with 3 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 Hemang Resources (BOM:531178), the current ROA % is -4.38% 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 Hemang Resources (BOM:531178) Overvalued in 2026?
Based on GuruFocus' analysis, Hemang Resources stock appears to be undervalued.
The current stock price of ₹12.89 is trading 11.3% below its estimated GF Value™ of ₹14.53.
GuruFocus considers Hemang Resources to be Modestly Undervalued.
Key valuation signals for BOM:531178:
ROA %: -4.38%
GF Value™: ₹14.53 vs. price of ₹12.89 (11.3% below fair value)
No single metric tells the full story. See the BOM:531178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hemang Resources Ltd is a company principally engaged in coal trading, stevedoring, logistic services, and land trading. The company's operating segments consist of the Coal Trading Division and the Infrastructure Division. The Coal Trading Division focuses on trading both imported and indigenous coal, selling to various industries in India. The Infrastructure Division operates in the real estate sector. The company generates the majority of its revenue from the sale of imported coal within the Coal Trading Division segment.
59GF Score
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