Jindal SteelBOM:532286 +0.97%75 ROE % is 8.21% as of Mar. 2026, which is 26% above its 10-year median of 6.51. GuruFocus rates BOM:532286 with a GF Score™ of 75/100 and a GF Value™ of ₹1,175.81 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 619 Steel companies, Jindal Steel ranks better than 65.75% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Jindal Steel's annualized net income for the quarter that ended in Mar. 2026 was ₹41,790 Mil. Jindal Steel's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹508,989 Mil. Therefore, Jindal Steel's annualized ROE % for the quarter that ended in Mar. 2026 was 8.21%.
The historical rank and industry rank for Jindal Steel's ROE % or its related term are showing as below:
BOM:532286'
s ROE % Range Over the Past 10 Years
Min: -8.12 Med: 6.51 Max: 20.06
Current: 6.84
During the past 13 years, Jindal Steel's highest ROE % was 20.06%. The lowest was -8.12%. And the median was 6.51%.
BOM:532286's ROE % is ranked better than 65.75% of 619
companies
in the Steel industry
Industry Median: 3.68
vs BOM:532286: 6.84
Jindal Steel (BOM:532286) 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.
Jindal Steel ROE % Related Terms
Jindal Steel ROE % Historical Data
* Premium members only.
The historical data trend for Jindal Steel'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, Jindal Steel'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.
Jindal Steel ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Jindal Steel's ROE % distribution charts can be found below:
* The bar in red indicates where Jindal Steel'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.
Jindal Steel (BOM:532286) has a ROE % of 8.21% 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 Jindal Steel and its competitors. This is 26% above median its historical median of 6.51. According to the industry distribution chart, Jindal Steel ranks #212 out of 619 companies in the Steel industry, placing it in the top 34.2%.
Is Jindal Steel's ROE % too high?
Jindal Steel's current ROE % of 8.21% is 26% above median its 10-year median of 6.51. The Steel industry median ROE % is 3.68. Jindal Steel's value of 8.21% is 123.1% above this industry median. Based on the distribution chart, Jindal Steel ranks #212 out of 619 companies in the Steel industry, which is above the industry midpoint. Overall, Jindal Steel has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jindal Steel's ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Jindal Steel ranks #212 out of 619 companies for ROE %. This puts Jindal Steel in the upper half of its industry. The industry median ROE % is 3.68. Jindal Steel's value of 8.21% is 123.1% above this benchmark. While the company's 10-year median is 6.51 vs. the industry median of 3.68, Jindal Steel 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 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. Jindal Steel's current ROE % of 8.21% is 123.1% 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 Jindal Steel 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. Jindal Steel's current ROE % is 8.21%, which is 26% above median its own 10-year median of 6.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jindal Steel stock overvalued right now?
Based on GuruFocus' analysis, Jindal Steel (BOM:532286) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,175.81, compared to a current price of ₹1,053.80 — trading 10.4% below its estimated fair value. The current ROE % is 8.21%, which is 26% above median its 10-year median of 6.51 and 123.1% above the Steel industry median of 3.68. Jindal Steel's overall GF Score™ is 75/100 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 Jindal Steel (BOM:532286), the current ROE % is 8.21% 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 Jindal Steel (BOM:532286) Overvalued in 2026?
Based on GuruFocus' analysis, Jindal Steel stock appears to be undervalued.
The current stock price of ₹1,053.80 is trading 10.4% below its estimated GF Value™ of ₹1,175.81.
GuruFocus considers Jindal Steel to be Modestly Undervalued.
Key valuation signals for BOM:532286:
ROE %: 8.21% (26% above median its 10-year median of 6.51)
GF Value™: ₹1,175.81 vs. price of ₹1,053.80 (10.4% below fair value)
Industry Position: 123.1% above the Steel median (#212 of 619)
No single metric tells the full story. See the BOM:532286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jindal Steel Ltd is an Indian-based company that is involved in the steelmaking, power generation, mining, and infrastructure sectors, with its presence in various countries. The iron and steel industry is the company's key revenue-generating business. It offers various kinds of steel products like rails, fabricated sections, plates and coils, round bars, speedfloors, wire rods, and others. The products find applications in railways, roads, highways and bridges, housing, industrial applications, heavy machinery, and civil construction. Geographically, the company generates a majority of its revenue from its customers within India.
75GF Score
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