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Suraj ProductsBOM:518075 -2.80%76 ROE % is 16.60% as of Mar. 2026, which is 3% above its 10-year median of 16.18. GuruFocus rates BOM:518075 with a GF Score™ of 76/100 and a GF Value™ of ₹345.33 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 619 Steel companies, Suraj Products ranks better than 81.74% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Suraj Products's annualized net income for the quarter that ended in Mar. 2026 was ₹276 Mil. Suraj Products's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹1,659 Mil. Therefore, Suraj Products's annualized ROE % for the quarter that ended in Mar. 2026 was 16.60%.
The historical rank and industry rank for Suraj Products's ROE % or its related term are showing as below:
BOM:518075'
s ROE % Range Over the Past 10 Years
Min: 3.21 Med: 16.18 Max: 35.43
Current: 11.94
During the past 13 years, Suraj Products's highest ROE % was 35.43%. The lowest was 3.21%. And the median was 16.18%.
BOM:518075's ROE % is ranked better than 81.74% of 619
companies
in the Steel industry
Industry Median: 3.87
vs BOM:518075: 11.94
Suraj Products (BOM:518075) 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.
Suraj Products ROE % Related Terms
Suraj Products ROE % Historical Data
* Premium members only.
The historical data trend for Suraj Products'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, Suraj Products'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.
Suraj Products ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Suraj Products's ROE % distribution charts can be found below:
* The bar in red indicates where Suraj Products'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.
Suraj Products (BOM:518075) has a ROE % of 16.60% 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 Suraj Products and its competitors. This is near median its historical median of 16.18. Over the past decade, Suraj Products' ROE % has ranged from 3.21 to 35.43. According to the industry distribution chart, Suraj Products ranks #113 out of 619 companies in the Steel industry, placing it in the top 18.3%.
Is Suraj Products' ROE % too high?
Suraj Products' current ROE % of 16.60% is near median its 10-year median of 16.18. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 35.43. The Steel industry median ROE % is 3.87. Suraj Products' value of 16.60% is 328.9% above this industry median. Based on the distribution chart, Suraj Products ranks #113 out of 619 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Suraj Products has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suraj Products' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Suraj Products ranks #113 out of 619 companies for ROE %. This places Suraj Products in the top 18% of its industry — outperforming the majority of peers. The industry median ROE % is 3.87. Suraj Products' value of 16.60% is 328.9% above this benchmark. Historically, Suraj Products' own ROE % has ranged from 3.21 to 35.43 over the past decade. While the company's 10-year median is 16.18 vs. the industry median of 3.87, Suraj Products 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 Steel company?
The median ROE % among Steel companies is 3.87, 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. Suraj Products's current ROE % of 16.60% is 328.9% 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 Suraj Products and its competitors. For the Steel industry, the median ROE % is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suraj Products's current ROE % is 16.60%, which is near median its own 10-year median of 16.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suraj Products stock overvalued right now?
Based on GuruFocus' analysis, Suraj Products (BOM:518075) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹345.33, compared to a current price of ₹218.65 — trading 36.7% below its estimated fair value. The current ROE % is 16.60%, which is near median its 10-year median of 16.18 and 328.9% above the Steel industry median of 3.87. Suraj Products' overall GF Score™ is 76/100 with 4 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 Suraj Products (BOM:518075), the current ROE % is 16.60% 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 Suraj Products (BOM:518075) Overvalued in 2026?
Based on GuruFocus' analysis, Suraj Products stock appears to be undervalued.
The current stock price of ₹218.65 is trading 36.7% below its estimated GF Value™ of ₹345.33.
GuruFocus considers Suraj Products to be Significantly Undervalued.
Key valuation signals for BOM:518075:
ROE %: 16.60% (near median its 10-year median of 16.18)
GF Value™: ₹345.33 vs. price of ₹218.65 (36.7% below fair value)
Industry Position: 328.9% above the Steel median (#113 of 619)
No single metric tells the full story. See the BOM:518075 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suraj Products Ltd is in production of Sponge Iron. The company has a single business segment finished products from Iron Ore. The company has products namely TMT Bar, Pig Iron, Sponge Iron, MS Ingot, and others.
76GF Score
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