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NTC IndustriesBOM:526723 -0.61%70 ROE % is 10.89% as of Mar. 2026, which is 23% above its 10-year median of 8.86. GuruFocus rates BOM:526723 with a GF Score™ of 70/100 and a GF Value™ of ₹256.97 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 45 Tobacco Products companies, NTC Industries ranks worse than 62.22% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. NTC Industries's annualized net income for the quarter that ended in Mar. 2026 was ₹228.5 Mil. NTC Industries's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹2,099.0 Mil. Therefore, NTC Industries's annualized ROE % for the quarter that ended in Mar. 2026 was 10.89%.
The historical rank and industry rank for NTC Industries's ROE % or its related term are showing as below:
BOM:526723'
s ROE % Range Over the Past 10 Years
Min: 5.29 Med: 8.86 Max: 17.28
Current: 9.16
During the past 13 years, NTC Industries's highest ROE % was 17.28%. The lowest was 5.29%. And the median was 8.86%.
BOM:526723's ROE % is ranked worse than 62.22% of 45
companies
in the Tobacco Products industry
Industry Median: 14
vs BOM:526723: 9.16
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.
NTC Industries ROE % Related Terms
NTC Industries ROE % Historical Data
* Premium members only.
The historical data trend for NTC Industries'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 Tobacco subindustry, NTC Industries'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.
NTC Industries ROE % vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, NTC Industries's ROE % distribution charts can be found below:
* The bar in red indicates where NTC Industries'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.
NTC Industries (BOM:526723) has a ROE % of 10.89% 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 NTC Industries and its competitors. This is 23% above median its historical median of 8.86. Over the past decade, NTC Industries' ROE % has ranged from 5.29 to 17.28. According to the industry distribution chart, NTC Industries ranks #28 out of 45 companies in the Tobacco Products industry, placing it in the top 62.2%.
Is NTC Industries' ROE % too high?
NTC Industries' current ROE % of 10.89% is 23% above median its 10-year median of 8.86. Over the past 10 years, this metric has ranged from a low of 5.29 to a high of 17.28. The Tobacco Products industry median ROE % is 14.00. NTC Industries' value of 10.89% is 22.2% below this industry median. Based on the distribution chart, NTC Industries ranks #28 out of 45 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, NTC Industries has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NTC Industries' ROE % compare to PM and MO?
According to the Tobacco Products industry distribution chart, NTC Industries ranks #28 out of 45 companies for ROE %. This places NTC Industries in the lower half of its industry. The industry median ROE % is 14.00. NTC Industries' value of 10.89% is 22.2% below this benchmark. Historically, NTC Industries' own ROE % has ranged from 5.29 to 17.28 over the past decade. While the company's 10-year median is 8.86 vs. the industry median of 14.00, NTC Industries has consistently been below 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 Tobacco Products company?
The median ROE % among Tobacco Products companies is 14.00, based on 45 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. NTC Industries's current ROE % of 10.89% is 22.2% below 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 NTC Industries and its competitors. For the Tobacco Products industry, the median ROE % is 14.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTC Industries's current ROE % is 10.89%, which is 23% above median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTC Industries stock overvalued right now?
Based on GuruFocus' analysis, NTC Industries (BOM:526723) is currently considered Possible Value Trap. The stock's GF Value™ is ₹256.97, compared to a current price of ₹147.15 — trading 42.7% below its estimated fair value. The current ROE % is 10.89%, which is 23% above median its 10-year median of 8.86 and 22.2% below the Tobacco Products industry median of 14.00. NTC Industries' overall GF Score™ is 70/100 with 7 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 NTC Industries (BOM:526723), the current ROE % is 10.89% 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 NTC Industries (BOM:526723) Overvalued in 2026?
Based on GuruFocus' analysis, NTC Industries stock appears to be undervalued.
The current stock price of ₹147.15 is trading 42.7% below its estimated GF Value™ of ₹256.97.
GuruFocus considers NTC Industries to be Possible Value Trap.
Key valuation signals for BOM:526723:
ROE %: 10.89% (23% above median its 10-year median of 8.86)
GF Value™: ₹256.97 vs. price of ₹147.15 (42.7% below fair value)
Industry Position: 22.2% below the Tobacco Products median (#28 of 45)
No single metric tells the full story. See the BOM:526723 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NTC Industries Ltd engages in the manufacture of cigarettes and tobacco products. It offers filters, mentholated cigarettes, smoking mixtures, and pipe tobacco. Its products are marketed under the following brands: Royal king Golden king-size, DOS NTC, Elpatron, MayPole, and Jaipur. The company has a presence in southern America, African, and Middle Eastern countries. The company generates revenue from rental income, the sale of cylinder, and FMCG - Cigarettes, where the majority is being generated from the sale of Cigarettes. Geographically the company generates the majority of its revenue from India.
70GF Score
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