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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.
Glittek Granites ROE % Related Terms
Glittek Granites ROE % Historical Data
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The historical data trend for Glittek Granites'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 Building Products & Equipment subindustry, Glittek Granites'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.
Glittek Granites ROE % vs Construction Industry
For the Construction industry and Industrials sector, Glittek Granites's ROE % distribution charts can be found below:
* The bar in red indicates where Glittek Granites'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.
Glittek Granites (BOM:513528) has a ROE % of 9.44% 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 Glittek Granites and its competitors. According to the industry distribution chart, Glittek Granites ranks #1404 out of 1745 companies in the Construction industry, placing it in the top 80.5%.
Is Glittek Granites' ROE % too high?
Glittek Granites' current ROE % is 9.44%. The Construction industry median ROE % is 6.68. Glittek Granites' value of 9.44% is 41.3% above this industry median. Based on the distribution chart, Glittek Granites ranks #1404 out of 1745 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Glittek Granites has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glittek Granites' ROE % compare to TT and JCI?
According to the Construction industry distribution chart, Glittek Granites ranks #1404 out of 1745 companies for ROE %. This places Glittek Granites in the lower half of its industry. The industry median ROE % is 6.68. Glittek Granites' value of 9.44% is 41.3% above this benchmark. 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 Construction company?
The median ROE % among Construction companies is 6.68, based on 1,745 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. Glittek Granites's current ROE % of 9.44% is 41.3% 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 Glittek Granites and its competitors. For the Construction industry, the median ROE % is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glittek Granites's current ROE % is 9.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glittek Granites stock overvalued right now?
Based on GuruFocus' analysis, Glittek Granites (BOM:513528) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.04, compared to a current price of ₹65.12 — trading 162700% above its estimated fair value. The current ROE % is 9.44% and 41.3% above the Construction industry median of 6.68. Glittek Granites' overall GF Score™ is 29/100 with 5 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 Glittek Granites (BOM:513528), the current ROE % is 9.44% 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 Glittek Granites (BOM:513528) Overvalued in 2026?
Based on GuruFocus' analysis, Glittek Granites stock appears to be overvalued.
The current stock price of ₹65.12 is trading 162700% above its estimated GF Value™ of ₹0.04.
GuruFocus considers Glittek Granites to be Significantly Overvalued.
Key valuation signals for BOM:513528:
ROE %: 9.44%
GF Value™: ₹0.04 vs. price of ₹65.12 (162700% above fair value)
Industry Position: 41.3% above the Construction median (#1404 of 1745)
No single metric tells the full story. See the BOM:513528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glittek Granites Ltd is engaged in the manufacturing of granite tiles and slabs. It is engaged in the processing and export of granite, marble, sandstone, and other stone products. The company offers granite tiles, such as Black Pearl, Hassan Green, Imperial White, Ivory Chiffon, Kashmir Gold, Madura Gold, and many more. The main markets for the company's product are the USA, South Africa, Canada, the UK, UAE, Europe, and Australia.
29GF Score
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