INOX IndiaBOM:544046 -1.67%56 ROE % is 26.93% as of Mar. 2026, which is 9% below its 10-year median of 29.56. GuruFocus rates BOM:544046 with a GF Score™ of 56/100. The stock has 9 warning signs investors should review. Among 2,998 Industrial Products companies, INOX India ranks better than 94.23% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. INOX India's annualized net income for the quarter that ended in Mar. 2026 was ₹3,009 Mil. INOX India's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹11,176 Mil. Therefore, INOX India's annualized ROE % for the quarter that ended in Mar. 2026 was 26.93%.
The historical rank and industry rank for INOX India's ROE % or its related term are showing as below:
BOM:544046'
s ROE % Range Over the Past 10 Years
Min: 25.87 Med: 29.56 Max: 32.71
Current: 26.04
During the past 6 years, INOX India's highest ROE % was 32.71%. The lowest was 25.87%. And the median was 29.56%.
BOM:544046's ROE % is ranked better than 94.23% of 2998
companies
in the Industrial Products industry
Industry Median: 5.855
vs BOM:544046: 26.04
INOX India (BOM:544046) 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.
INOX India ROE % Related Terms
INOX India ROE % Historical Data
* Premium members only.
The historical data trend for INOX India'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 Industrial Machinery subindustry, INOX India'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.
INOX India ROE % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, INOX India's ROE % distribution charts can be found below:
* The bar in red indicates where INOX India'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.
INOX India (BOM:544046) has a ROE % of 26.93% 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 INOX India and its competitors. This is near median its historical median of 29.56. Over the past decade, INOX India's ROE % has ranged from 25.87 to 32.71. According to the industry distribution chart, INOX India ranks #173 out of 2998 companies in the Industrial Products industry, placing it in the top 5.8%.
Is INOX India's ROE % too high?
INOX India's current ROE % of 26.93% is near median its 10-year median of 29.56. Over the past 10 years, this metric has ranged from a low of 25.87 to a high of 32.71. The Industrial Products industry median ROE % is 5.86. INOX India's value of 26.93% is 359.9% above this industry median. Based on the distribution chart, INOX India ranks #173 out of 2998 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, INOX India has a GF Score™ of 56/100, reflecting its overall financial health beyond just this single metric.
How does INOX India's ROE % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, INOX India ranks #173 out of 2998 companies for ROE %. This places INOX India in the top 6% of its industry — outperforming the majority of peers. The industry median ROE % is 5.86. INOX India's value of 26.93% is 359.9% above this benchmark. Historically, INOX India's own ROE % has ranged from 25.87 to 32.71 over the past decade. While the company's 10-year median is 29.56 vs. the industry median of 5.86, INOX India 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 an Industrial Products company?
The median ROE % among Industrial Products companies is 5.86, based on 2,998 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. INOX India's current ROE % of 26.93% is 359.9% 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 INOX India and its competitors. For the Industrial Products industry, the median ROE % is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. INOX India's current ROE % is 26.93%, which is near median its own 10-year median of 29.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is INOX India stock overvalued right now?
INOX India (BOM:544046) has a current ROE % of 26.93%. The current ROE % is 26.93%, which is near median its 10-year median of 29.56 and 359.9% above the Industrial Products industry median of 5.86. INOX India's overall GF Score™ is 56/100 with 9 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 INOX India (BOM:544046), the current ROE % is 26.93% 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.
INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tanks. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.
56GF Score
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