ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Khandwala Securities's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-17.60 Mil.
Khandwala Securities's average Total Assets over the quarter that ended in Mar. 2026 was ₹405.89 Mil. Therefore, Khandwala Securities's annualized ROA % for the quarter that ended in Mar. 2026 was -4.34%.
The historical rank and industry rank for Khandwala Securities's ROA % or its related term are showing as below:
NSE:KHANDSE'
s ROA % Range Over the Past 10 Years
Min: -8.27 Med: -1.66 Max: 0.98
Current: -2.81
During the past 13 years, Khandwala Securities's highest ROA % was 0.98%. The lowest was -8.27%. And the median was -1.66%.
NSE:KHANDSE's ROA % is ranked worse than 75.82% of 819
companies
in the Capital Markets industry
Industry Median: 1.5
vs NSE:KHANDSE: -2.81
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 Capital Markets subindustry, Khandwala Securities'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.
Khandwala Securities ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Khandwala Securities's ROA % distribution charts can be found below:
* The bar in red indicates where Khandwala Securities'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.
Khandwala Securities (NSE:KHANDSE) has a ROA % of -4.34% 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 Khandwala Securities and its competitors. According to the industry distribution chart, Khandwala Securities ranks #621 out of 819 companies in the Capital Markets industry, placing it in the top 75.8%.
Is Khandwala Securities' ROA % too high?
Khandwala Securities' current ROA % is -4.34%. Based on the distribution chart, Khandwala Securities ranks #621 out of 819 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Khandwala Securities has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khandwala Securities' ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, Khandwala Securities ranks #621 out of 819 companies for ROA %. This places Khandwala Securities in the lower half of its industry. The industry median ROA % is 1.50. 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 Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 819 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 Khandwala Securities and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khandwala Securities's current ROA % is -4.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khandwala Securities stock overvalued right now?
Based on GuruFocus' analysis, Khandwala Securities (NSE:KHANDSE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹22.52, compared to a current price of ₹17.65 — trading 21.6% below its estimated fair value. The current ROA % is -4.34%. Khandwala Securities' overall GF Score™ is 61/100 with 4 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 Khandwala Securities (NSE:KHANDSE), the current ROA % is -4.34% 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 Khandwala Securities (NSE:KHANDSE) Overvalued in 2026?
Based on GuruFocus' analysis, Khandwala Securities stock appears to be undervalued.
The current stock price of ₹17.65 is trading 21.6% below its estimated GF Value™ of ₹22.52.
GuruFocus considers Khandwala Securities to be Modestly Undervalued.
Key valuation signals for NSE:KHANDSE:
ROA %: -4.34%
GF Value™: ₹22.52 vs. price of ₹17.65 (21.6% below fair value)
No single metric tells the full story. See the NSE:KHANDSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services such as stock broking, investment banking, portfolio management, research and analysis, and investment advisory, among others. The company is organized into two segments: Fee-based and Investment/Trading in Stock. The Fee-based division provides financial advisory services for mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The Investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company. The majority of the company's revenue is generated from its Fee-based operations.
61GF Score
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