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Shri Kanha StainlessNSE:SHRIKANHA +4.86%13 ROA % is 6.73% as of Mar. 2026, which is 35% above its 10-year median of 5.00. GuruFocus rates NSE:SHRIKANHA with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 634 Steel companies, Shri Kanha Stainless ranks better than 82.97% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Shri Kanha Stainless's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹90 Mil.
Shri Kanha Stainless's average Total Assets over the quarter that ended in Mar. 2026 was ₹1,333 Mil. Therefore, Shri Kanha Stainless's annualized ROA % for the quarter that ended in Mar. 2026 was 6.73%.
The historical rank and industry rank for Shri Kanha Stainless's ROA % or its related term are showing as below:
NSE:SHRIKANHA'
s ROA % Range Over the Past 10 Years
Min: 1.26 Med: 5 Max: 7.03
Current: 7.03
During the past 4 years, Shri Kanha Stainless's highest ROA % was 7.03%. The lowest was 1.26%. And the median was 5.00%.
NSE:SHRIKANHA's ROA % is ranked better than 82.97% of 634
companies
in the Steel industry
Industry Median: 2.01
vs NSE:SHRIKANHA: 7.03
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. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
Shri Kanha Stainless ROA % Chart
Shri Kanha Stainless Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
ROA %
1.26
3.79
6.21
6.82
Shri Kanha Stainless Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Mar26
ROA %
0.00
0.00
7.11
7.65
6.73
NSE:SHRIKANHA vs NUE, STLD, RS: ROA % Comparison
For the Steel subindustry, Shri Kanha Stainless'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.
Shri Kanha Stainless ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Kanha Stainless's ROA % distribution charts can be found below:
* The bar in red indicates where Shri Kanha Stainless'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. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Shri Kanha Stainless (NSE:SHRIKANHA) has a ROA % of 6.73% 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 Shri Kanha Stainless and its competitors. This is 35% above median its historical median of 5.00. Over the past decade, Shri Kanha Stainless' ROA % has ranged from 1.26 to 7.03. According to the industry distribution chart, Shri Kanha Stainless ranks #108 out of 634 companies in the Steel industry, placing it in the top 17%.
Is Shri Kanha Stainless' ROA % too high?
Shri Kanha Stainless' current ROA % of 6.73% is 35% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 7.03. The Steel industry median ROA % is 2.01. Shri Kanha Stainless' value of 6.73% is 234.8% above this industry median. Based on the distribution chart, Shri Kanha Stainless ranks #108 out of 634 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shri Kanha Stainless has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Shri Kanha Stainless' ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Kanha Stainless ranks #108 out of 634 companies for ROA %. This places Shri Kanha Stainless in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 2.01. Shri Kanha Stainless' value of 6.73% is 234.8% above this benchmark. Historically, Shri Kanha Stainless' own ROA % has ranged from 1.26 to 7.03 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 2.01, Shri Kanha Stainless 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 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. Shri Kanha Stainless's current ROA % of 6.73% is 234.8% 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 Shri Kanha Stainless 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. Shri Kanha Stainless's current ROA % is 6.73%, which is 35% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Kanha Stainless stock overvalued right now?
Shri Kanha Stainless (NSE:SHRIKANHA) has a current ROA % of 6.73%. The current ROA % is 6.73%, which is 35% above median its 10-year median of 5.00 and 234.8% above the Steel industry median of 2.01. Shri Kanha Stainless' overall GF Score™ is 13/100 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 Shri Kanha Stainless (NSE:SHRIKANHA), the current ROA % is 6.73% 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.
Shri Kanha Stainless Ltd is a manufacturer of precision stainless steel cold-rolled strips, offering a wide range of thin and ultra-thin variants designed to meet diverse industrial requirements. The company's products are widely used across various sectors, including the textile, automotive, and chemical industries, as well as in flexible tubes, capillary tubes, clocks, watches, and electrical equipment. Its key product offerings include Cold Rolling of Stainless-Steel Precision Strips (HR/CR SS Coil/Slitted), Stainless Steel Circle, and Stainless Steel Sheet. The company derives revenue from the sale of its products, mainly from the sale of HR/CR SS Coil/Slitted products.
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