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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Evans Electric's annualized net income for the quarter that ended in Mar. 2026 was ₹-15.0 Mil. Evans Electric's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹257.9 Mil. Therefore, Evans Electric's annualized ROE % for the quarter that ended in Mar. 2026 was -5.83%.
The historical rank and industry rank for Evans Electric's ROE % or its related term are showing as below:
BOM:542668'
s ROE % Range Over the Past 10 Years
Min: -1.68 Med: 13.47 Max: 42.65
Current: -1.66
During the past 11 years, Evans Electric's highest ROE % was 42.65%. The lowest was -1.68%. And the median was 13.47%.
BOM:542668's ROE % is ranked worse than 77.74% of 3006
companies
in the Industrial Products industry
Industry Median: 5.895
vs BOM:542668: -1.66
Evans Electric (BOM:542668) 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 two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
Evans Electric ROE % Related Terms
Evans Electric ROE % Historical Data
* Premium members only.
The historical data trend for Evans Electric'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 Electrical Equipment & Parts subindustry, Evans Electric'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.
Evans Electric ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Evans Electric's ROE % distribution charts can be found below:
* The bar in red indicates where Evans Electric'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 two times the semi-annual (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Evans Electric (BOM:542668) has a ROE % of -5.83% 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 Evans Electric and its competitors. According to the industry distribution chart, Evans Electric ranks #2337 out of 3006 companies in the Industrial Products industry, placing it in the top 77.7%.
Is Evans Electric's ROE % too high?
Evans Electric's current ROE % is -5.83%. Based on the distribution chart, Evans Electric ranks #2337 out of 3006 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Evans Electric has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Evans Electric's ROE % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Evans Electric ranks #2337 out of 3006 companies for ROE %. This places Evans Electric in the lower half of its industry. The industry median ROE % is 5.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Industrial Products company?
The median ROE % among Industrial Products companies is 5.90, based on 3,006 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. 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 Evans Electric and its competitors. For the Industrial Products industry, the median ROE % is 5.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evans Electric's current ROE % is -5.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evans Electric stock overvalued right now?
Based on GuruFocus' analysis, Evans Electric (BOM:542668) is currently considered Fairly Valued. The stock's GF Value™ is ₹62.10, compared to a current price of ₹64.51 — trading 3.9% above its estimated fair value. The current ROE % is -5.83%. Evans Electric's 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 Evans Electric (BOM:542668), the current ROE % is -5.83% 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 Evans Electric (BOM:542668) Overvalued in 2026?
Based on GuruFocus' analysis, Evans Electric stock appears to be overvalued.
The current stock price of ₹64.51 is trading 3.9% above its estimated GF Value™ of ₹62.10.
GuruFocus considers Evans Electric to be Fairly Valued.
Key valuation signals for BOM:542668:
ROE %: -5.83%
GF Value™: ₹62.10 vs. price of ₹64.51 (3.9% above fair value)
No single metric tells the full story. See the BOM:542668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evans Electric Ltd is engaged in the business of repairing, re-winding, and re-designing small, medium, and large electric motors, generators, and transformers. It offers Power Generator Stators, Power Generator Rotors, Low and High Voltage Electric Motors and Generators, DC Motors and Generators, VFD Driven Motors, and Power and Distribution Transformers. The company derives its revenue only from India.
70GF Score
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