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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Shah Alloys's annualized net income for the quarter that ended in Mar. 2026 was ₹-336.4 Mil. Shah Alloys's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,123.6 Mil. Therefore, Shah Alloys's annualized ROE % for the quarter that ended in Mar. 2026 was -29.94%.
The historical rank and industry rank for Shah Alloys's ROE % or its related term are showing as below:
BOM:513436'
s ROE % Range Over the Past 10 Years
Min: -1754.45 Med: -49.73 Max: 208.45
Current: 118.26
During the past 13 years, Shah Alloys's highest ROE % was 208.45%. The lowest was -1,754.45%. And the median was -49.73%.
BOM:513436's ROE % is ranked better than 97.58% of 619
companies
in the Steel industry
Industry Median: 3.7
vs BOM:513436: 118.26
Shah Alloys (BOM:513436) 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.
Shah Alloys ROE % Related Terms
Shah Alloys ROE % Historical Data
* Premium members only.
The historical data trend for Shah Alloys'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 Steel subindustry, Shah Alloys'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.
Shah Alloys ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Shah Alloys's ROE % distribution charts can be found below:
* The bar in red indicates where Shah Alloys'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.
Shah Alloys (BOM:513436) has a ROE % of -29.94% 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 Shah Alloys and its competitors. According to the industry distribution chart, Shah Alloys ranks #15 out of 619 companies in the Steel industry, placing it in the top 2.4%.
Is Shah Alloys' ROE % too high?
Shah Alloys' current ROE % is -29.94%. Based on the distribution chart, Shah Alloys ranks #15 out of 619 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shah Alloys has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shah Alloys' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Shah Alloys ranks #15 out of 619 companies for ROE %. This places Shah Alloys in the top 2% of its industry — outperforming the majority of peers. The industry median ROE % is 3.70. 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 Steel company?
The median ROE % among Steel companies is 3.70, based on 619 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. 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 Shah Alloys and its competitors. For the Steel industry, the median ROE % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shah Alloys's current ROE % is -29.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shah Alloys stock overvalued right now?
Based on GuruFocus' analysis, Shah Alloys (BOM:513436) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹4.92, compared to a current price of ₹72.02 — trading 1363.8% above its estimated fair value. The current ROE % is -29.94%. Shah Alloys' overall GF Score™ is 53/100 with 8 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 Shah Alloys (BOM:513436), the current ROE % is -29.94% 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 Shah Alloys (BOM:513436) Overvalued in 2026?
Based on GuruFocus' analysis, Shah Alloys stock appears to be overvalued.
The current stock price of ₹72.02 is trading 1363.8% above its estimated GF Value™ of ₹4.92.
GuruFocus considers Shah Alloys to be Significantly Overvalued.
Key valuation signals for BOM:513436:
ROE %: -29.94%
GF Value™: ₹4.92 vs. price of ₹72.02 (1363.8% above fair value)
No single metric tells the full story. See the BOM:513436 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shah Alloys Ltd manufactures and supplies steel in India. The company is engaged in the manufacturing of Stainless steel, alloy special steel, Carbon/mild steel, and Armour steel in Flat and long products. The product offered by the group includes hot rolled coils, hot rolled sheets, and plates, cold rolled coils and sheets, hot rolled round bars, hot rolled flat bars, angles, bright/peeled bars, beams, and angles. The firm generates a majority of its revenue from the sale of Iron and Steel products, which include Bars, Beams, Flat Plate coil, Slab, and Billets.
53GF Score
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