Modern SteelsBOM:513303 -0.95%42 ROE % is 13.98% as of Mar. 2026, which is 18% below its 10-year median of 17.10. GuruFocus rates BOM:513303 with a GF Score™ of 42/100. The stock has 3 warning signs investors should review. Among 486 Diversified Financial Services companies, Modern Steels ranks better than 86.01% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Modern Steels's annualized net income for the quarter that ended in Mar. 2026 was ₹26.40 Mil. Modern Steels's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹188.90 Mil. Therefore, Modern Steels's annualized ROE % for the quarter that ended in Mar. 2026 was 13.98%.
The historical rank and industry rank for Modern Steels's ROE % or its related term are showing as below:
BOM:513303'
s ROE % Range Over the Past 10 Years
Min: 4.4 Med: 17.1 Max: 234.27
Current: 5.85
During the past 13 years, Modern Steels's highest ROE % was 234.27%. The lowest was 4.40%. And the median was 17.10%.
BOM:513303's ROE % is ranked better than 86.01% of 486
companies
in the Diversified Financial Services industry
Industry Median: 1.65
vs BOM:513303: 5.85
Modern Steels (BOM:513303) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Modern Steels ROE % Related Terms
Modern Steels ROE % Historical Data
* Premium members only.
The historical data trend for Modern Steels's ROE % 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 Shell Companies subindustry, Modern Steels's ROE %, along with its competitors' market caps and ROE % 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.
Modern Steels ROE % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Modern Steels's ROE % distribution charts can be found below:
* The bar in red indicates where Modern Steels's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Modern Steels (BOM:513303) has a ROE % of 13.98% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Modern Steels and its competitors. This is 18% below median its historical median of 17.10. Over the past decade, Modern Steels' ROE % has ranged from 4.40 to 234.27. According to the industry distribution chart, Modern Steels ranks #68 out of 486 companies in the Diversified Financial Services industry, placing it in the top 14%.
Is Modern Steels' ROE % too high?
Modern Steels' current ROE % of 13.98% is 18% below median its 10-year median of 17.10. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 234.27. The Diversified Financial Services industry median ROE % is 1.65. Modern Steels' value of 13.98% is 747.3% above this industry median. Based on the distribution chart, Modern Steels ranks #68 out of 486 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Modern Steels has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Modern Steels' ROE % compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, Modern Steels ranks #68 out of 486 companies for ROE %. This places Modern Steels in the top 14% of its industry — outperforming the majority of peers. The industry median ROE % is 1.65. Modern Steels' value of 13.98% is 747.3% above this benchmark. Historically, Modern Steels' own ROE % has ranged from 4.40 to 234.27 over the past decade. While the company's 10-year median is 17.10 vs. the industry median of 1.65, Modern Steels 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 ROE % for a Diversified Financial Services company?
The median ROE % among Diversified Financial Services companies is 1.65, based on 486 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modern Steels's current ROE % of 13.98% is 747.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Modern Steels and its competitors. For the Diversified Financial Services industry, the median ROE % is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Steels's current ROE % is 13.98%, which is 18% below median its own 10-year median of 17.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Steels stock overvalued right now?
Modern Steels (BOM:513303) has a current ROE % of 13.98%. The current ROE % is 13.98%, which is 18% below median its 10-year median of 17.10 and 747.3% above the Diversified Financial Services industry median of 1.65. Modern Steels' overall GF Score™ is 42/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Modern Steels (BOM:513303), the current ROE % is 13.98% 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.
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