Mangalam AlloysNSE:MAL +0.89%38 ROA % is 5.48% as of Mar. 2025, which is 73% above its 10-year median of 3.16. GuruFocus rates NSE:MAL with a GF Score™ of 38/100. The stock has 7 warning signs investors should review. Among 637 Steel companies, Mangalam Alloys ranks better than 60.6% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mangalam Alloys's annualizedNet Income for the quarter that ended in Mar. 2025 was ₹248 Mil.
Mangalam Alloys's average Total Assets over the quarter that ended in Mar. 2025 was ₹4,532 Mil. Therefore, Mangalam Alloys's annualized ROA % for the quarter that ended in Mar. 2025 was 5.48%.
The historical rank and industry rank for Mangalam Alloys's ROA % or its related term are showing as below:
NSE:MAL'
s ROA % Range Over the Past 10 Years
Min: 2.3 Med: 3.16 Max: 4.26
Current: 3.09
During the past 6 years, Mangalam Alloys's highest ROA % was 4.26%. The lowest was 2.30%. And the median was 3.16%.
NSE:MAL's ROA % is ranked better than 60.6% of 637
companies
in the Steel industry
Industry Median: 1.92
vs NSE:MAL: 3.09
Mangalam Alloys (NSE:MAL) 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 two times the semi-annual (Mar. 2025) net income data. The Revenue data used here is two times the semi-annual (Mar. 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.
Mangalam Alloys ROA % Related Terms
Mangalam Alloys ROA % Historical Data
* Premium members only.
The historical data trend for Mangalam Alloys'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, Mangalam Alloys'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.
Mangalam Alloys ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Mangalam Alloys's ROA % distribution charts can be found below:
* The bar in red indicates where Mangalam Alloys'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 two times the semi-annual (Mar. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Mangalam Alloys (NSE:MAL) has a ROA % of 5.48% as of Mar. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Mangalam Alloys and its competitors. This is 73% above median its historical median of 3.16. Over the past decade, Mangalam Alloys' ROA % has ranged from 2.30 to 4.26. According to the industry distribution chart, Mangalam Alloys ranks #251 out of 637 companies in the Steel industry, placing it in the top 39.4%.
Is Mangalam Alloys' ROA % too high?
Mangalam Alloys' current ROA % of 5.48% is 73% above median its 10-year median of 3.16. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 4.26. The Steel industry median ROA % is 1.92. Mangalam Alloys' value of 5.48% is 185.4% above this industry median. Based on the distribution chart, Mangalam Alloys ranks #251 out of 637 companies in the Steel industry, which is above the industry midpoint. Overall, Mangalam Alloys has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Mangalam Alloys' ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Mangalam Alloys ranks #251 out of 637 companies for ROA %. This puts Mangalam Alloys in the upper half of its industry. The industry median ROA % is 1.92. Mangalam Alloys' value of 5.48% is 185.4% above this benchmark. Historically, Mangalam Alloys' own ROA % has ranged from 2.30 to 4.26 over the past decade. While the company's 10-year median is 3.16 vs. the industry median of 1.92, Mangalam Alloys 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 637 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. Mangalam Alloys's current ROA % of 5.48% is 185.4% 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 Mangalam Alloys 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. Mangalam Alloys's current ROA % is 5.48%, which is 73% above median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mangalam Alloys stock overvalued right now?
Mangalam Alloys (NSE:MAL) has a current ROA % of 5.48%. The current ROA % is 5.48%, which is 73% above median its 10-year median of 3.16 and 185.4% above the Steel industry median of 1.92. Mangalam Alloys' overall GF Score™ is 38/100 with 7 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 Mangalam Alloys (NSE:MAL), the current ROA % is 5.48% as of Mar. 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.
Mangalam Alloys Ltd is engaged in the manufacturing and distribution of high-quality stainless steel products. It is a stainless steel melting unit. Its products include forging ingots, billets, black round bars, bright round bars, hexagonal and square bars, SS RCS, angle bars, fasteners, and others. It operates in one segment, stainless steel products.
38GF Score
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