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.
* 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, Shri Bajrang Alliance'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.
Shri Bajrang Alliance ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Shri Bajrang Alliance's ROE % distribution charts can be found below:
* The bar in red indicates where Shri Bajrang Alliance'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.
Shri Bajrang Alliance (BOM:526981) has a ROE % of 20.23% 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 Shri Bajrang Alliance and its competitors. This is 51% above median its historical median of 13.39. Over the past decade, Shri Bajrang Alliance's ROE % has ranged from 3.25 to 38.06. According to the industry distribution chart, Shri Bajrang Alliance ranks #103 out of 620 companies in the Steel industry, placing it in the top 16.6%.
Is Shri Bajrang Alliance's ROE % too high?
Shri Bajrang Alliance's current ROE % of 20.23% is 51% above median its 10-year median of 13.39. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 38.06. The Steel industry median ROE % is 3.68. Shri Bajrang Alliance's value of 20.23% is 449.7% above this industry median. Based on the distribution chart, Shri Bajrang Alliance ranks #103 out of 620 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Shri Bajrang Alliance has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shri Bajrang Alliance's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Shri Bajrang Alliance ranks #103 out of 620 companies for ROE %. This places Shri Bajrang Alliance in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 3.68. Shri Bajrang Alliance's value of 20.23% is 449.7% above this benchmark. Historically, Shri Bajrang Alliance's own ROE % has ranged from 3.25 to 38.06 over the past decade. While the company's 10-year median is 13.39 vs. the industry median of 3.68, Shri Bajrang Alliance 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 3.68, based on 620 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. Shri Bajrang Alliance's current ROE % of 20.23% is 449.7% 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 Shri Bajrang Alliance and its competitors. For the Steel industry, the median ROE % is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shri Bajrang Alliance's current ROE % is 20.23%, which is 51% above median its own 10-year median of 13.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shri Bajrang Alliance stock overvalued right now?
Based on GuruFocus' analysis, Shri Bajrang Alliance (BOM:526981) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹116.78, compared to a current price of ₹190.20 — trading 62.9% above its estimated fair value. The current ROE % is 20.23%, which is 51% above median its 10-year median of 13.39 and 449.7% above the Steel industry median of 3.68. Shri Bajrang Alliance's overall GF Score™ is 56/100 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 Shri Bajrang Alliance (BOM:526981), the current ROE % is 20.23% 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 Shri Bajrang Alliance (BOM:526981) Overvalued in 2026?
Based on GuruFocus' analysis, Shri Bajrang Alliance stock appears to be overvalued.
The current stock price of ₹190.20 is trading 62.9% above its estimated GF Value™ of ₹116.78.
GuruFocus considers Shri Bajrang Alliance to be Significantly Overvalued.
Key valuation signals for BOM:526981:
ROE %: 20.23% (51% above median its 10-year median of 13.39)
GF Value™: ₹116.78 vs. price of ₹190.20 (62.9% above fair value)
Industry Position: 449.7% above the Steel median (#103 of 620)
No single metric tells the full story. See the BOM:526981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shri Bajrang Alliance Ltd is an Indian company engaged in the manufacturing of steel and ready-to-eat frozen foods. The company's products include angle, channel, beam, steel billets, and under frozen foods involve bread, snacks, and desserts. The company has two segments are Structural Rolling Mill and ready to cook frozen food. It operates domestically and Internationally.
56GF Score
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