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SPA Capital ServicesBOM:542376 +4.99%35 ROE % is 9.82% as of Mar. 2026, which is 245% above its 10-year median of 2.85. GuruFocus rates BOM:542376 with a GF Score™ of 35/100. The stock has 2 warning signs investors should review. Among 792 Capital Markets companies, SPA Capital Services ranks worse than 55.18% on this metric.
SPA Capital Services (BOM:542376) 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 Capital Markets subindustry, SPA Capital Services'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.
SPA Capital Services ROE % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SPA Capital Services's ROE % distribution charts can be found below:
* The bar in red indicates where SPA Capital Services'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.
SPA Capital Services (BOM:542376) has a ROE % of 9.82% 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 SPA Capital Services and its competitors. This is 245% above median its historical median of 2.85. According to the industry distribution chart, SPA Capital Services ranks #437 out of 792 companies in the Capital Markets industry, placing it in the top 55.2%.
Is SPA Capital Services' ROE % too high?
SPA Capital Services' current ROE % of 9.82% is 245% above median its 10-year median of 2.85. The Capital Markets industry median ROE % is 6.07. SPA Capital Services' value of 9.82% is 61.9% above this industry median. Based on the distribution chart, SPA Capital Services ranks #437 out of 792 companies in the Capital Markets industry, which is below the industry midpoint. Overall, SPA Capital Services has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does SPA Capital Services' ROE % compare to MS and GS?
According to the Capital Markets industry distribution chart, SPA Capital Services ranks #437 out of 792 companies for ROE %. This places SPA Capital Services in the lower half of its industry. The industry median ROE % is 6.07. SPA Capital Services' value of 9.82% is 61.9% above this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 6.07, SPA Capital Services 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 Capital Markets company?
The median ROE % among Capital Markets companies is 6.07, based on 792 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. SPA Capital Services's current ROE % of 9.82% is 61.9% 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 SPA Capital Services and its competitors. For the Capital Markets industry, the median ROE % is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPA Capital Services's current ROE % is 9.82%, which is 245% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPA Capital Services stock overvalued right now?
SPA Capital Services (BOM:542376) has a current ROE % of 9.82%. The current ROE % is 9.82%, which is 245% above median its 10-year median of 2.85 and 61.9% above the Capital Markets industry median of 6.07. SPA Capital Services' overall GF Score™ is 35/100 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 SPA Capital Services (BOM:542376), the current ROE % is 9.82% 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.
SPA Capital Services Ltd operates in the business segment of Financial Services. It is a financial solutions provider in corporate finance and wealth management to Indian companies and high-net-worth individuals. The company offers services for investment management, wealth management, financial advisory, corporate finance, risk management, insurance broking, and others.
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