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Nikhil AdhesivesBOM:526159 +2.51%66 ROE % is 17.24% as of Mar. 2026, which is 25% above its 10-year median of 13.82. GuruFocus rates BOM:526159 with a GF Score™ of 66/100 and a GF Value™ of ₹100.35 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,584 Chemicals companies, Nikhil Adhesives ranks better than 79.1% on this metric.
The historical rank and industry rank for Nikhil Adhesives's ROE % or its related term are showing as below:
BOM:526159'
s ROE % Range Over the Past 10 Years
Min: 10.81 Med: 13.82 Max: 34.53
Current: 12.06
During the past 13 years, Nikhil Adhesives's highest ROE % was 34.53%. The lowest was 10.81%. And the median was 13.82%.
BOM:526159's ROE % is ranked better than 79.1% of 1584
companies
in the Chemicals industry
Industry Median: 5.25
vs BOM:526159: 12.06
Nikhil Adhesives (BOM:526159) 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.
Nikhil Adhesives ROE % Related Terms
Nikhil Adhesives ROE % Historical Data
* Premium members only.
The historical data trend for Nikhil Adhesives'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 Specialty Chemicals subindustry, Nikhil Adhesives'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.
Nikhil Adhesives ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nikhil Adhesives's ROE % distribution charts can be found below:
* The bar in red indicates where Nikhil Adhesives'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.
Nikhil Adhesives (BOM:526159) has a ROE % of 17.24% 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 Nikhil Adhesives and its competitors. This is 25% above median its historical median of 13.82. Over the past decade, Nikhil Adhesives' ROE % has ranged from 10.81 to 34.53. According to the industry distribution chart, Nikhil Adhesives ranks #331 out of 1584 companies in the Chemicals industry, placing it in the top 20.9%.
Is Nikhil Adhesives' ROE % too high?
Nikhil Adhesives' current ROE % of 17.24% is 25% above median its 10-year median of 13.82. Over the past 10 years, this metric has ranged from a low of 10.81 to a high of 34.53. The Chemicals industry median ROE % is 5.25. Nikhil Adhesives' value of 17.24% is 228.4% above this industry median. Based on the distribution chart, Nikhil Adhesives ranks #331 out of 1584 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nikhil Adhesives has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nikhil Adhesives' ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nikhil Adhesives ranks #331 out of 1584 companies for ROE %. This places Nikhil Adhesives in the top 21% of its industry — outperforming the majority of peers. The industry median ROE % is 5.25. Nikhil Adhesives' value of 17.24% is 228.4% above this benchmark. Historically, Nikhil Adhesives' own ROE % has ranged from 10.81 to 34.53 over the past decade. While the company's 10-year median is 13.82 vs. the industry median of 5.25, Nikhil Adhesives 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 Chemicals company?
The median ROE % among Chemicals companies is 5.25, based on 1,584 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. Nikhil Adhesives's current ROE % of 17.24% is 228.4% 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 Nikhil Adhesives and its competitors. For the Chemicals industry, the median ROE % is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikhil Adhesives's current ROE % is 17.24%, which is 25% above median its own 10-year median of 13.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikhil Adhesives stock overvalued right now?
Based on GuruFocus' analysis, Nikhil Adhesives (BOM:526159) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹100.35, compared to a current price of ₹75.58 — trading 24.7% below its estimated fair value. The current ROE % is 17.24%, which is 25% above median its 10-year median of 13.82 and 228.4% above the Chemicals industry median of 5.25. Nikhil Adhesives' overall GF Score™ is 66/100 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 Nikhil Adhesives (BOM:526159), the current ROE % is 17.24% 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 Nikhil Adhesives (BOM:526159) Overvalued in 2026?
Based on GuruFocus' analysis, Nikhil Adhesives stock appears to be undervalued.
The current stock price of ₹75.58 is trading 24.7% below its estimated GF Value™ of ₹100.35.
GuruFocus considers Nikhil Adhesives to be Modestly Undervalued.
Key valuation signals for BOM:526159:
ROE %: 17.24% (25% above median its 10-year median of 13.82)
GF Value™: ₹100.35 vs. price of ₹75.58 (24.7% below fair value)
Industry Position: 228.4% above the Chemicals median (#331 of 1584)
No single metric tells the full story. See the BOM:526159 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nikhil Adhesives Ltd is an India-based company engaged in the manufacturing and trading of polymer emulsions and adhesives. The products of the company include paint emulsions, textile emulsions, construction chemicals, and adhesives. The brands of the company are Mahacol, Emdicryl, Mahafix, Emdilith, Emditex, and Emdibind. The company operates in two business segments namely, Manufacturing of Adhesives and emulsions, which is the key revenue generator; and Trading in chemicals segment.
66GF Score
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