The historical rank and industry rank for Jai Balaji Industries's ROE % or its related term are showing as below:
BOM:532976'
s ROE % Range Over the Past 10 Years
Min: 5.9 Med: 30.75 Max: 85.39
Current: 5.9
During the past 13 years, Jai Balaji Industries's highest ROE % was 85.39%. The lowest was 5.90%. And the median was 30.75%.
BOM:532976's ROE % is ranked better than 61.71% of 619
companies
in the Steel industry
Industry Median: 3.68
vs BOM:532976: 5.90
Jai Balaji Industries (BOM:532976) 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.
* 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, Jai Balaji 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.
Jai Balaji Industries ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, Jai Balaji Industries's ROE % distribution charts can be found below:
* The bar in red indicates where Jai Balaji 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.
Jai Balaji Industries (BOM:532976) has a ROE % of 3.79% 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 Jai Balaji Industries and its competitors. This is 88% below median its historical median of 30.75. Over the past decade, Jai Balaji Industries' ROE % has ranged from 5.90 to 85.39. According to the industry distribution chart, Jai Balaji Industries ranks #237 out of 619 companies in the Steel industry, placing it in the top 38.3%.
Is Jai Balaji Industries' ROE % too high?
Jai Balaji Industries' current ROE % of 3.79% is 88% below median its 10-year median of 30.75. Over the past 10 years, this metric has ranged from a low of 5.90 to a high of 85.39. The Steel industry median ROE % is 3.68. Jai Balaji Industries' value of 3.79% is 3% above this industry median. Based on the distribution chart, Jai Balaji Industries ranks #237 out of 619 companies in the Steel industry, which is above the industry midpoint. Overall, Jai Balaji Industries has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jai Balaji Industries' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, Jai Balaji Industries ranks #237 out of 619 companies for ROE %. This puts Jai Balaji Industries in the upper half of its industry. The industry median ROE % is 3.68. Jai Balaji Industries' value of 3.79% is 3% above this benchmark. Historically, Jai Balaji Industries' own ROE % has ranged from 5.90 to 85.39 over the past decade. While the company's 10-year median is 30.75 vs. the industry median of 3.68, Jai Balaji Industries 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. Jai Balaji Industries's current ROE % of 3.79% is 3% 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 Jai Balaji Industries 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. Jai Balaji Industries's current ROE % is 3.79%, which is 88% below median its own 10-year median of 30.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jai Balaji Industries stock overvalued right now?
Based on GuruFocus' analysis, Jai Balaji Industries (BOM:532976) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹117.72, compared to a current price of ₹70.32 — trading 40.3% below its estimated fair value. The current ROE % is 3.79%, which is 88% below median its 10-year median of 30.75 and 3% above the Steel industry median of 3.68. Jai Balaji Industries' overall GF Score™ is 62/100 with 2 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 Jai Balaji Industries (BOM:532976), the current ROE % is 3.79% 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 Jai Balaji Industries (BOM:532976) Overvalued in 2026?
Based on GuruFocus' analysis, Jai Balaji Industries stock appears to be undervalued.
The current stock price of ₹70.32 is trading 40.3% below its estimated GF Value™ of ₹117.72.
GuruFocus considers Jai Balaji Industries to be Significantly Undervalued.
Key valuation signals for BOM:532976:
ROE %: 3.79% (88% below median its 10-year median of 30.75)
GF Value™: ₹117.72 vs. price of ₹70.32 (40.3% below fair value)
Industry Position: 3% above the Steel median (#237 of 619)
No single metric tells the full story. See the BOM:532976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jai Balaji Industries Ltd is an India-based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.
62GF Score
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