Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The historical rank and industry rank for Machhar Industries's ROE % or its related term are showing as below:
BOM:543934'
s ROE % Range Over the Past 10 Years
Min: 1.65 Med: 5.51 Max: 21.97
Current: 6.2
During the past 8 years, Machhar Industries's highest ROE % was 21.97%. The lowest was 1.65%. And the median was 5.51%.
BOM:543934's ROE % is ranked better than 55.21% of 1583
companies
in the Chemicals industry
Industry Median: 5.24
vs BOM:543934: 6.20
Machhar Industries (BOM:543934) 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.
Machhar Industries ROE % Related Terms
Machhar Industries ROE % Historical Data
* Premium members only.
The historical data trend for Machhar Industries'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 Specialty Chemicals subindustry, Machhar 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.
Machhar Industries ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Machhar Industries's ROE % distribution charts can be found below:
* The bar in red indicates where Machhar 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.
Machhar Industries (BOM:543934) has a ROE % of 6.63% 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 Machhar Industries and its competitors. This is 20% above median its historical median of 5.51. Over the past decade, Machhar Industries' ROE % has ranged from 1.65 to 21.97. According to the industry distribution chart, Machhar Industries ranks #709 out of 1583 companies in the Chemicals industry, placing it in the top 44.8%.
Is Machhar Industries' ROE % too high?
Machhar Industries' current ROE % of 6.63% is 20% above median its 10-year median of 5.51. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 21.97. The Chemicals industry median ROE % is 5.24. Machhar Industries' value of 6.63% is 26.5% above this industry median. Based on the distribution chart, Machhar Industries ranks #709 out of 1583 companies in the Chemicals industry, which is above the industry midpoint. Overall, Machhar Industries has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Machhar Industries' ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Machhar Industries ranks #709 out of 1583 companies for ROE %. This puts Machhar Industries in the upper half of its industry. The industry median ROE % is 5.24. Machhar Industries' value of 6.63% is 26.5% above this benchmark. Historically, Machhar Industries' own ROE % has ranged from 1.65 to 21.97 over the past decade. While the company's 10-year median is 5.51 vs. the industry median of 5.24, Machhar 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 Chemicals company?
The median ROE % among Chemicals companies is 5.24, based on 1,583 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. Machhar Industries's current ROE % of 6.63% is 26.5% 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 Machhar Industries and its competitors. For the Chemicals industry, the median ROE % is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Machhar Industries's current ROE % is 6.63%, which is 20% above median its own 10-year median of 5.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Machhar Industries stock overvalued right now?
Based on GuruFocus' analysis, Machhar Industries (BOM:543934) is currently considered Fairly Valued. The stock's GF Value™ is ₹304.71, compared to a current price of ₹335.25 — trading 10% above its estimated fair value. The current ROE % is 6.63%, which is 20% above median its 10-year median of 5.51 and 26.5% above the Chemicals industry median of 5.24. Machhar Industries' overall GF Score™ is 78/100 with 3 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 Machhar Industries (BOM:543934), the current ROE % is 6.63% 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 Machhar Industries (BOM:543934) Overvalued in 2026?
Based on GuruFocus' analysis, Machhar Industries stock appears to be overvalued.
The current stock price of ₹335.25 is trading 10% above its estimated GF Value™ of ₹304.71.
GuruFocus considers Machhar Industries to be Fairly Valued.
Key valuation signals for BOM:543934:
ROE %: 6.63% (20% above median its 10-year median of 5.51)
GF Value™: ₹304.71 vs. price of ₹335.25 (10% above fair value)
Industry Position: 26.5% above the Chemicals median (#709 of 1583)
No single metric tells the full story. See the BOM:543934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Machhar Industries Ltd is engaged in converting Ammonium Nitrate from melt form to solid form, in accordance with the specific terms and requirements of its customers. In addition to this core activity, the company is also engaged in the transportation of Ammonium Nitrate and other chemical products. The company operates with three distinct divisions: the explosive division, the transportation division, and Adblue (DEF). The company generates maximum revenue from the Transportation division. The company is also engaged in the production of Diesel Exhaust Fuel at the factory.
78GF Score
Get the complete analysis for BOM:543934
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BOM:543934 has been successfully added to your 
